Waltham, MA (May 24, 2011)—Commonwealth Financial Network® announces the latest release of its fully integrated, Web-based client management tool, Client360°®. Financial advisors affiliated with the independent broker/dealer–RIA can access portfolio, document, customer relationship, and wealth management functionality on one platform, including an improved portfolio accounting system and redesigned interface for maximum ease of use.

In a single portfolio management overview screen, advisors can view household activity summary, asset allocation, performance, historical balance trending, as well as trading and intraday positions/cash balances. A single mouse-click exports data via silent login to both Morningstar® Advisor WorkstationSM and MoneyGuidePro®.

“The portfolio system upgrade is the latest example of Commonwealth’s ongoing commitment to seamless integration,” said Darren Tedesco, managing principal of Innovation and Business Systems. “Client360° is the sum of the variables that go into managing each individual client, and Commonwealth advisors now spend significantly less time reviewing and monitoring portfolios due to efficiencies gained in the new system.”

Financial advisors have access to both time- and dollar-weighted performance reporting on all accounts, including fee-based and non-fee-based accounts (e.g., 529 plans, variable annuities, REITs, managed futures). Performance reports are updated daily, allowing advisors to quickly view how a household, group of accounts, or single account has performed against its respective customizable benchmark.

“Commonwealth’s Technology department has put its advisors in a position to work more efficiently, save money, and provide a first-class experience and presentation to the client. We now have every ounce of client information available to us at our fingertips,” says Matthew Somberg, Commonwealth advisor, AIF®, and principal and founder of Levine, Gottfried & Somberg, LLC. “Client360° has saved me thousands of dollars in staffing and process efficiency.”

Highlights of the platform include:

• More than 50 new customizable reports, including user-defined templates that can be shared across an office
• 1-Click Review® bundles, allowing users to bundle together report templates for client reviews
• A user-selectable 20+ column holdings page
• Improved variable annuity sub-account mapping to Morningstar Advisor Workstation
• Five levels of household/account grouping
• 11 distinct ways to dissect a client’s asset allocation

View screen images of the new Client360°.

About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, and a registered investment adviser, is the nation’s largest, privately held independent broker/dealer, with headquarters in Waltham, Massachusetts, and San Diego, California. Commonwealth was ranked, “Highest in Independent Advisor Satisfaction among Financial Investment Firms,” by J.D. Power and Associates. The firm supports more than 1,400 independent registered representatives nationwide and makes available a comprehensive array of financial products and services. For more information, please visit www.commonwealth.com.

Commonwealth Financial Network received the highest numerical score in the independent advisor segment in the proprietary J.D. Power and Associates 2010 Financial Advisor Satisfaction StudySM. Study based on 2,863 total responses and measures overall financial advisor satisfaction among advisors registered with the Financial Industry Regulatory Authority (FINRA) investment firms. Proprietary study results are based on experiences and perceptions of financial advisors surveyed in February–June and July–August, 2010. Your experiences may vary. Visit jdpower.com.


Contacts:
Emily Guadagnoli
Manager, Media Relations
Commonwealth Financial Network
www.commonwealth.com
781.736.7980, x9639
eguadagnoli@commonwealth.com