|
Media Center Back to the Media Center Commonwealth Adds Over $700 Million in Total Account Assets Waltham, MA (September 6, 2011)—Commonwealth Financial Network® announces the addition of three leading independent financial services firms, formally affiliated with Securities America. Olsen & Associates, Economic Concepts, and Peterson Wealth Management joined Commonwealth in August 2011, bringing combined total account assets in excess of $700 million. Olsen & Associates of Norfolk, Nebraska, generated $1.7 million in gross dealer concessions (GDC) in 2010 and manages more than $250 million in total account assets. Founder and managing partner, Chuck Olsen, CFP®, ranked in the top 2 percent of financial advisors at Securities America. “Commonwealth provides the caliber of 401(k) support that we’ve been looking for, including sophisticated resources for 401(k) management, as well as hosting retirement seminars for clients,” said Mr. Olsen. “Commonwealth also has greater portfolio management support than was available at our previous firm.” Economic Concepts of Annandale, New Jersey, generated $1.7 million in GDC in 2010 and manages more than $400 million in total account assets. Brian Fischer, President, CFP®, ChFC®, CLU, also ranked in the top 2 percent of Securities America’s financial advisors. “Commonwealth is a recognized technology leader,” said Mr. Fischer. “The Client360º® platform has already made us much more efficient, increasing the ease of doing business and eliminating duplicate tasks that we formally had in place.” “We found a commonality of cultures,” said Scott Cooper, Vice President of Economic Concepts, CFP®, CFS. “We are both professional organizations that take our jobs seriously, but we know how to have fun along the way. Commonwealth’s staff is friendly, proactive, and accessible to its advisors, just as we are to our clients.” Peterson Wealth Management, led by founder Eric Peterson, CFP®, in Springfield, Missouri, generated revenues of $550,000 in 2010, and oversees total account assets in excess of $75 million. Mr. Peterson ranked among the top 100 advisors at Securities America in 2010. “When meeting with Commonwealth for the first time, we were immediately impressed with the firm’s business philosophy and service culture,” said Mr. Peterson. “There is an incredible willingness for the home office staff to take ownership and quickly resolve problems as they arise.” “Shortly after our transition started, I went out to Staples and bought a handful of Easy Buttons. Each time I speak with my transition coordinator, I end the conversation by pressing the button to activate the voice that says, ‘That was easy!’” said Mr. Peterson 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.
|
 
|
|