Commonwealth Financial Networkfeatured
29 Sawyer Road
Waltham, MA 02453
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 2,092
Year founded: 1979
Year end: Dec. 31
No. of retail offices: 1,303
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In their own words: Commonwealth advisors speak
We invite you to take two minutes to hear a few of our advisors talk about their experience at Commonwealth. Then contact us to discover for yourself a community of peers that's unlike any you've experienced and the virtually unlimited opportunities available to help you serve your clients your way.
|No. of reps||2,092||2,073||1,965|
|No. of producing reps||1,710||1,654||1,592|
|No. of reps producing $100K-$499K /year||949||940||895|
|Total revenues: Other||$147,520,179||$123,121,650||$116,714,329|
|Total account assets||$114,420,000,000||$101,400,000,000||$96,786,000,000|
|Total account assets: Other||$52,470,000,000||$47,375,700,000||$48,361,000,000|
|Average assets per rep||$54,694,073||$48,914,616||$49,254,962|
|Social Media & Mobile|
|Allows advisers to use social media||Y|
|Social media sites allowed||Facebook|
|Dedicated mobile application for advisers?||Y|
|Primary purpose of mobile application||Mobile Check Deposit Trading Portfolio/Performance Workflow/Alerts Business Analytics Compensation|
August 11, 2017 - If the events in North Korea go terribly wrong, it won't matter whether your clients buy or sell stocks. Should the world avoid global thermonuclear war, however, Korea could have big, short-term effects on your clients' portfolio â€” and you should consider...
August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...
July 20, 2017 - Fifteen advisers and six companies have been named as finalists for this year's Invest in Others Awards. The awards, presented annually for the past 10 years by The Invest in Others Charitable Foundation to acknowledge outstanding volunteer work by financial...
July 5, 2017 - Consider this scenario: An adviser, let's call her "Nancy," has worked hard during her career to build a solid business. After decades, her practice has become everything she dreamed it would be: she has 100 loyal clients who respect and trust her judgment...
June 1, 2017 - According to a May 2016 article on Forbes.com, only 30 percent of financial advisors have a succession plan. Are you one of the 70 percent of advisors who has neglected this important task? As a small business owner, you're putting your staff, your clients,...
June 1, 2017 - The Department of Labor's fiduciary rule for retirement accounts will take effect Friday, and advisers and their broker-dealers better get ready for a new wave of risk: lawsuits and legal complaints by investors who believe they have been harmed by an...
May 24, 2017 - We tend to think our industry is unique. We lament that we have so much going on, with the Department of Labor's fiduciary rule, aging boomer advisers and a lack of young advisers â€” not to mention female and multicultural advisers â€” coming into the...
May 16, 2017 - For over a year, CEOs of top broker-dealers have been peppered with questions by analysts who cover their companies about fees. Can firms sustain their current level of fees they charge clients in the new era of the fiduciary adviser? Will they be cut,...
May 1, 2017 - After a strong recruiting year in 2016, large broker-dealers continued to ring up recruiting gains in the first quarter. For example, Ameriprise Financial Inc. said that close to 100 veteran advisers moved their practices to the firm in the first quarter,...
May 1, 2017 - Integration means different things to different people, but in our industry, I liken it to the holy grail of financial technology. Why? Integrated systems improve efficiency, allowing you to, for example, input a piece of data once and automatically share...
- N/A = Not available
- N/D = Not disclosed
- — = Information not available or not disclosed
All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.
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