Commonwealth Financial Network

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29 Sawyer Road

Waltham, MA 02453

(866) 462-3638

commonwealth.com

Clearing firm: National Financial Services LLC, Pershing LLC

No. advisers: 2,092

AUM: $114,420,000,000

Year founded: 1979

Year end: Dec. 31

No. of retail offices: 1,303

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOWayne M Bloom
Recruiting ContactAndrew H Daniels
(866) 462-3638
E-mail
Compliance ContactPaul J Tolley
(781) 736-0700
E-mail
Marketing ContactTodd H Estabrook
(781) 736-0700
E-mail
Technology Operations ContactDarren A Tedesco
(781) 736-0700
E-mail

Company Overview

Commonwealth is home to advisors earning the highest average annual payout among independent broker/dealers, as reported by InvestmentNews (April 2015). Discover how the broker/dealer's RIA that's held true to its founding mission for more than 35 years can help you and your clients thrive.

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.

Additional Resources

2016 2015 2014
No. of reps2,0922,0731,965
No. of producing reps1,7101,6541,592
No. of reps producing $100K-$499K /year949940895

Payout grid is available to Data Center subscribers only.

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2016 2015 2014
Total revenues$1,068,709,779$1,006,829,973$950,310,266
Commission revenues$276,671,120$286,544,411$296,328,982
Fee revenues$644,518,480$597,163,912$537,266,955
Total revenues: Other$147,520,179$123,121,650$116,714,329
2016 2015 2014
Total account assets$114,420,000,000$101,400,000,000$96,786,000,000
Fee-based assets$61,950,000,000$54,024,300,000$48,425,000,000
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 mediaY
Social media sites allowedFacebook
LinkedIn
Twitter
Dedicated mobile application for advisers?Y
Primary purpose of mobile applicationMobile Check Deposit Trading Portfolio/Performance Workflow/Alerts Business Analytics Compensation

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'Six-Figure Sage' broker barred from the business

April 6, 2017 - A former Commonwealth Financial Network broker has been barred from the brokerage industry for failing to appear at a Finra disciplinary hearing for his alleged participation in several pyramid schemes. Lloyd Dotson, who could not be reached for comment,...

Some Merrill Lynch advisers upset with move away from commissions

February 21, 2017 - Some advisers at Merrill Lynch are not happy with the wirehouse's newly minted policy of embracing advisory over commission relationships in retirement accounts. Ron Edde, president and chief executive of Millennium Career Advisors, a recruiting firm,...

DOL fiduciary rule class-actions costs could top $150M a year

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Senator Elizabeth Warren tells acting DOL secretary, 'Financial firms back fiduciary rule'

February 7, 2017 - Sen. Elizabeth Warren, D-Mass., told Acting Labor Secretary Edward Hugler today that financial firms back the investment-advice rule whose implementation he is likely to delay as part of a review ordered by President Donald Trump. In a letter to Mr. Hugler,...

    Notes
  • 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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