Articles tagged "Commonwealth"
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Commonwealth cuts RIA custody fee, toggles Fidelity and Schwab as sub-custody and co-custody partners, and explains why its model puts $1 trillion of (mostly) RIA assets in reach
Fresh off three-year hiatus, Wayne Bloom framed his Waltham, Mass. IBD as both a big, national RIA and a custodian to smaller ones but also promises to 'remember where you come from' -- namely a commission-based brokerage beginning.
December 7, 2022 at 4:57 AM
Commonwealth CEO Wayne Bloom brushes off rep pushback, spins off Advisor360 to sell formerly exclusive software and research to competitors
From the standpoint of the Waltham, Mass.-based brokerage chief, the revenue from repurposing rep software that creatively finances his firm's $35,000-per-head tech overhead is a necessary evil that has far fewer drawbacks than perceived.
April 12, 2019 at 9:13 PM
Calm, thoughtful demeanor led Commonwealth Financial Network to make a 10-year LPL exec its new president and COO; IPO anyone?
Since being poached in 2015, Trap Kloman quickly earned Wayne Bloom's trust and current president, Rich Hunter, is ready to step back
June 27, 2018 at 6:59 PM
Commonwealth Financial will reverse course on commissions if DOL gets reversed
The Waltham, Mass. IBD's stance jibes with Wayne Bloom's earlier message of regulatory risk and reward as Merrill Lynch stays mum
November 18, 2016 at 6:02 PM
That employment boom is pretty much here
With the Great Recession in the rear-view mirror, all signs point to a job-creation bonanza not seen since the 1990s
April 22, 2016 at 6:46 PM
A $350-million-AUM team of ex-lawyers-turned-advisors lands at Commonwealth after stops at Edward Jones and LPL
Best pals since middle school and partners since 2001, the advisors use their mad depostition skills to hone in on client needs and their tenacity to make sure of follow-through
July 28, 2015 at 8:01 PM
Why it took 13 years and one bad Beverly Hills moment for a $92-million AUA advisor to leave LPL for Commonwealth
As smaller IBDs struggle for ground against the giants, they need to first demonstrate their tenacity on the sales gridiron
November 3, 2014 at 4:29 AM
What's up with J.D. Power naming Commonwealth top IBD for the fourth straight year
One trick, Wayne Bloom says, is that he relentlessly squeezes feedback out of his 1,600 advisors
July 2, 2014 at 12:32 AM
What Securities America and NorthStar Financial are up to with the creation of Arbor Point
The Cornhusker State companies found common ground in building a home for the burgeoning 'Goldilocks' category of not-too-RIA, not-too-IBD advisor
July 1, 2013 at 6:09 AM
How one IBD rep just zoomed to $1 billion AUM -- on his way to $2 billion -- but remains impervious to calls from RIA custodians
Tom Bartholomew says that his pull with Commonwealth gives him more time with clients and extra-responsive service
March 27, 2013 at 4:16 AM
Commonwealth racks up a $100 million LPL team by using its broker-dealer's greater size against it
The Waltham, Mass.--based IBD believes this is LPL's soft underbelly because small-and -familial is why many advisors joined the old Linsco/Private Ledger from wirehouses in the first place
August 9, 2012 at 5:50 AM
Three items of RIA interest
Fidelity study shows 70% of recent widows fire their advisors, Commonwealth and embattled PIEtech strike a deal and Modera Wealth brings aboard a senior planning specialist
December 29, 2011 at 4:13 PM
Once good for a few million, TD Ameritrade's foot-in-the-door strategy is starting to net billions
With the paperwork signed, TD goes to work wooing big RIAs with technology, special pricing and a maverick culture
