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|
October 17, 2017 - Another firm that had been affiliated with National Planning Corp. has decided not to sign on with LPL Financial, which bought NPC as part of its acquisition of the National Planning Holdings broker-dealer network. The Feucht Financial Group, which administers...
October 16, 2017 - Paris International, a $1.3 billion financial advisory firm based in Great Neck, N.Y., has chosen Commonwealth Financial Network as its broker-dealer, the two companies said Monday. "We are extremely pleased to welcome Paris International to Commonwealth,"...
October 2, 2017 - As an advisor, you know the value of having a continuity partner. In the event you become ill or otherwise unable to participate in the business, your partner can step in to ensure client service continuity, keep your staff informed, and protect your...
September 28, 2017 - Five financial advisers and two firms received top honors Thursday night at the annual Invest in Others Awards, formerly known as the Community Leadership Awards, presented by the Invest in Others Charitable Foundation. The awards program, in its 11th...
September 18, 2017 - A broker fired by First Allied Inc. earlier this year â€” and with a history of social media snafus â€” was barred by the Financial Industry Regulatory Authority Inc. First Allied fired John Kai in April for violating "numerous firm policies," according...
September 5, 2017 - Recently, a tenured adviser called me with a dilemma. His younger counterparts wanted him to purchase a social media system that would integrate blogs, posts, tweets and pictures on various platforms (e.g., Facebook, Twitter, LinkedIn and Instagram)....
September 1, 2017 - If you're like some of the seasoned advisors I work with, you may be disinterested in connecting with millennial clients. Instead of seeing the potential (albeit long-term) growth opportunity for your business, you focus on this generation's overall lower...
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 28, 2017 - As an adviser, you know that your clients need more than sufficient assets to ensure a successful retirement. Other major factors affect happiness in retirement, such as health, relationships, and personal development. As you help clients plan for their...
- 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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Latest news & opinion
Comparing a firm's pay to the competition can point out vast flaws.
Sure signs that clients may be on the way out the door.
Flows to advisory accounts, while still higher than the start of 2016, dropped off more than 20% from Q2 and were the lowest in a year.
Median compensation hovers just under $100,000 on the low end and reaches nearly $300,000 for bosses.
All 634.403 reps have been ranked based on factors such as prior regulatory disclosures, disciplinary actions and employment history.