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|
December 8, 2017 - Variable annuities sold in an L share continue to turn up as products plaguing broker-dealers and their compliance departments. Finra, in a recent report detailing its examination findings, called out "multi-share class and complex products" as a primary...
December 7, 2017 - LPL Financial has retained Fross & Fross Wealth Management, a $530 million firm previously affiliated with SII Investments, a subsidiary of National Planning Holdings. Fross & Fross, located in the The Villages, Fla., is the latest firm to choose between...
December 7, 2017 - The Department of Labor's fiduciary standard, and new securities industry account statement rules for greater clarity in the prices of products, have forced nontraded real estate investment trusts to slice their commissions. Since then, sales of the product...
December 1, 2017 - Midwest Financial Group, a four-adviser hybrid group that managed $186 million through SII Investments, has affiliated with Commonwealth Financial Network. The advisers â€” Mark Miehe, Matt Cuplin, Brandon Masbruch and Tony Pochowski â€” along with their...
November 8, 2017 - A number of large teams in the National Planning Holdings adviser network have moved to rivals, but LPL Financial assured investors that in the initial phase of moving advisers from two of NPH's broker-dealers, it is on track to transfer 70% of adviser...
November 4, 2017 - How successful areâ€‹ broker-dealers in harnessing the power of big data and predictive analytics to help advisers grow their practices and retain clients? According to a panel of broker-dealer executives participating in an InvestmentNews Technology...
November 3, 2017 - As an adviser, you know 2017 has been dosed with Department of Labor hoopla, while it's been simultaneously tamed by a bull market. Just imagine what next year might bring. Have you devised a plan for it yet? Advisers frequently say they need to focus...
November 2, 2017 - Five former top advisers at National Planning Holdings, which was acquired by LPL in August, have left the firm and formed F3Logic, a registered investment adviser. The Columbus, Ohio-based RIA provides middle- and back- office solutions to hybrid independent...
November 1, 2017 - In my role as vice president, field development at Commonwealth Financial NetworkÂ®, I talk to a lot of financial advisors about how our firm can help them build the business they've always wanted. For advisors already in the independent channel, the...
October 23, 2017 - Three key rivals of LPL Financial are scooping up advisers affiliated with the National Planning Holdings broker-dealers who annually generate $100 million in fees and revenues, known as gross dealer concession or GDC in the industry, according to industry...
- 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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