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Media Center Back to the Media Center Commonwealth Financial Network® Increases Payout,
Reduces Ticket Charges Waltham, MA. (February 24, 2011) —Effective April 1, 2011, Commonwealth Financial Network® will implement two significant “I am delighted to continue Commonwealth’s tradition of sharing its economies of scale with the advisors who most helped us achieve them,” said Commonwealth CEO, Wayne Bloom. “Since we launched PPS in 1996, we’ve had the good fortune to improve pricing on eight separate occasions.” PPS payouts will increase 200 basis points at every level, from $50 million to $500 million—at which point the payout moves up 300 basis points to 98 percent. All payouts are linear, not tiered, back to dollar one. Advisors with more than $25 million in PPS assets will see a 50-percent reduction in the cost of PPS online orders for equities and exchange-traded funds, from $16 to $7.95. “There is pricing pressure like never before on trading costs,” said Bloom. “This cost reduction allows our advisors to aggressively compete for business by lowering a high-profile pricing aspect of the advisory relationship. In addition to lowering investor costs, it also lowers the expense hurdles for advisors to consider in reallocating and rebalancing client portfolios.” About Commonwealth Financial Network 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.
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