Commonwealth Financial Network
29 Sawyer Road
Waltham, MA 02453
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 2,195
Year founded: 1979
Year end: Dec. 31
No. of retail offices: 1,313
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Commonwealth has the highest gross revenue per advisor among RIA-independent b/ds, as reported by Financial Advisor in April 2018. Discover how the nation's largest privately held Registered Investment Adviser–independent broker/dealer that's held true to its founding mission for almost 40 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.
|No. of reps||2,195||2,092||2,073|
|No. of producing reps||1,778||1,710||1,654|
|No. of reps producing $100K-$499K /year||939||949||940|
|Total revenues: Other||$200,671,634||$147,520,179||$123,121,650|
|Total account assets||$156,000,000,000||$114,420,000,000||$101,400,000,000|
|Total account assets: Other||$75,438,000,000||$52,470,000,000||$47,375,700,000|
|Average assets per rep||$71,070,615||$54,694,073||$48,914,616|
|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|
- 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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