sponsored by:

Commonwealth Financial Network


Company info:

Top Executive: Wayne Bloom
http://www.commonwealth.com
866.462.3638
29 Sawyer Road
Waltham, MA 02453

Etcetera:

  • 580 FTEs
  • Founded in 1979

Q&A:

What is the service or product you offer to RIAs?

Commonwealth is the smart alternative for advisors who want to grow their business and increase their net profit. Because a move to the RIA-only model can often come with unanticipated bottom-line expenses, many advisors are finding that a top-line payout increase doesn’t necessarily result in net gain. Commonwealth combines the best of all possible worlds. We offer a competitive payout with the freedom to operate your advisory business in whatever way makes sense for you, plus the efficiencies and economies of scale of our technology, compliance, and practice management infrastructure to allow you to run your advisory business profitably.

How do you differentiate your offering from competitors?

For the majority of advisors, Commonwealth can deliver more of what they really want—bottom-line profitability—than they could achieve through another broker/dealer or as their own RIA. The RIA-only model can be a viable solution for advisors who have high-producing, established practices, as well as the scale and infrastructure necessary to be profitable. Many others are finding the RIA-only payout promise to be more than offset by the unforeseen expenses they incur in hiring compliance resources and maintaining technology systems. Those who recognize the limitations of a top-line-only focus are finding true bottom-line value in Commonwealth’s model, coupled with the freedom to focus solely on what they do best—managing client relationships.

What else would you like to say about your business?

Commonwealth was ranked “Highest in Independent Advisor Satisfaction among Financial Investment Firms” two times in a row in the J.D. Power and Associates 2010 and 2012 Financial Advisor Satisfaction StudiesSM. For J.D. Power and Associates award information, visit jdpower.com.

Because Commonwealth has remained privately owned and managed for three decades, we’ve retained the autonomy to do whatever it takes to help advisors serve their clients and move their businesses forward. Our only business interest is yours.


Related listings:

Commonwealth Financial Network
filed under: Tech: Other, RIA-Friendly Broker-Dealer


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