Commonwealth Financial Network® Announces New Affiliation Models
Waltham, MA (May 31, 2013)—Commonwealth Financial Network®, the nation’s largest privately held independent broker/dealer–RIA, recently announced new affiliation models designed to provide maximum flexibility to financial advisors, allowing them to position and operate their practice their way. Commonwealth, founded in 1979, continues it’s more than three-decade tradition of supporting the independence of more than 1,450 advisors nationwide.
With these latest additions, financial advisors now have the following five different affiliation models to choose from:
- Traditional Representative for straight commission-based business
- Dual Registration for commission- and fee-based business through our broker/dealer and investment adviser registrations
- Hybrid for commission business through our broker/dealer and advisory and planning through the advisor’s own RIA
- Corporate RIA for exclusively fee-based business as an IAR of Commonwealth, with access to a full array of investment choices
- RIA-Only for advisory and financial planning through the advisor’s own RIA, with our support to take care of the rest
Advisors will have access to the fully integrated technology, practice management consulting, research, compliance support, and indispensable service Commonwealth has become synonymous with.
“We are pleased to expand our offering and allow financial advisors who choose to affiliate with Commonwealth even more freedom to run their business,” said Wayne Bloom, CEO of Commonwealth. “Our commitment to our advisors remains unchangedâ€”we are as passionate about their success as they are, and we stand behind our infrastructure and culture to help support their business as it evolves.”
Andrew Daniels, managing principal of business development at Commonwealth, added, “This is an exciting extension in our service offering, and we are thrilled to see how these new affiliation models translate to a more flexible way of growing a business. I can confidently say, no matter which way you prefer to affiliate with Commonwealth, with the integrated leverage that we offer in any channel, we will be the last transition you make.”
About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, is the nation’s largest privately held independent broker/dealer–RIA, with headquarters in Waltham, Massachusetts, and San Diego, California. J.D. Power and Associates ranks Commonwealth "Highest in Independent Advisor Satisfaction Among Financial Investment Firms, Three Times in a Row." The firm supports more than 1,450 independent advisors nationwide in serving their clients as registered representatives, investment adviser representatives, and registered investment advisers, as well as through hybrid service models. For more information, please visit www.commonwealth.com.