Commonwealth Financial Network
Practice Management
Back to Growing Your Practice

Getting a Game PlanIn January 2009, Investment Advisor magazine featured Joni Youngwirth, Commonwealth’s managing principal, practice management, and one of the industry’s leading experts in the field, on how to craft a quick, easy, and effective business plan that works in any business climate.
Read Joni’s comments.



Commonwealth Chairman Joe Deitch offers tips in Financial Planning magazine (March 2008) on cultivating well-being and contentment—in your practice and in your life. Read Joe’s comments.

A consulting firm within the firm
Commonwealth pioneered the concept of providing complimentary consulting services for financial advisors. And we’ve never stopped perfecting our offerings to make sure we deliver what you need, at any stage of your company’s evolution.

A consulting firm within the firm, our team of Practice Management professionals is at your disposal for whatever guidance you need. We can help you address big-picture challenges—like the migration from running a practice to managing a business, or learning to think less like a salesperson and more like a CEO. Or show you the specific tools that address a particular need—like a leadership workshop at one of our conferences, or a downloadable client-approved marketing brochure, or a template to help you distinguish your A clients from your C clients.

We support you to:
  • Select, hire, and manage your staff.
  • Create and execute your marketing strategy, collateral, and tactics.
  • Develop a business plan.
  • Develop your succession plan.
  • Create goals to grow and develop your practice.
  • Find a niche and penetrate it.
  • Streamline internal operation processes.
  • Implement industry best practices.
  • Connect with other advisors who share similar issues or concerns.
  • Assess the strengths and weaknesses of your firm so you know where to direct your focus.
  • Benchmark your practice against those of other Commonwealth advisors.
  • Improve the efficiency and effectiveness of your staff members through our Assist U training programs offered exclusively for them.



Practice Management
Practice Management