Commonwealth Equity Services, LLC dba-Commonwealth Financial Network
29 Sawyer Road
Waltham, MA 02453
Clearing firm: National Financial Services LLC, Pershing LLC
No. advisers: 1,869
Year founded: 1979
Year end: Dec. 31
Recruitment & Staffing
|No. of reps||1,869||2,195||2,092|
|No. of producing reps||—||1,778||1,710|
|No. of reps producing $100K-$499K /year||—||939||949|
|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.
Purchase the complete set of our independent broker-dealer data and profiles in an Excel spreadsheet.
For comments or suggestions about the Adviser Center, please contact us.
Disclaimer: All data and information is the property of InvestmentNews and is protected by copyright and other intellectual property laws. All rights are reserved by InvestmentNews. The data may only be used for internal business use such as to develop a mailing list but the data may not be resold, republished, redistributed, sublicensed or publicly displayed on a web site without the permission of InvestmentNews. All information contained within was obtained through InvestmentNews' annual independent B-D surveys.
Editorial director Fred Gabriel and senior columnist Jeff Benjamin say there's a disconnect between the big appetite for environmental, social and governance funds in 401(k) plans and their offering.
Latest news & opinion
Blucora is paying $180 million in stock for 1st Global, with 850 advisers.
Former brokers bringing charges related to stock losses during financial crisis have had 15 cases proceed, four stopped so far.
Acquisition would be in line with trend of record keepers seeking to gain scale to combat fee reduction.
Former brokers bringing charges related to stock losses during financial crisis have had 15 cases proceed, 4 stopped so far.
There's growing interest among plan participants, but reluctance to add funds that take into account environmental, social and governance factors persists.