Below are some key facts about Commonwealth. For a more complete story, go to History.
San Diego, CA
100% owned and controlled by the 10 managing principals of the firm
$1.233 billion in 2017
Total Account Assets
Approximately $156 billion*
Minimum Production Requirement
$200,000 in gross concessions
Fidelity Clearing & Custody Solutions® (FCCS), which provides clearing, custody, and other brokerage services to Commonwealth Financial Network® through National Financial Services LLC (NFS)**
Highest average payout per advisor among independent broker/dealers, as reported by Financial Planning in June 2017.
Highest gross revenue per advisor among independent broker/dealers, as reported by Financial Advisor in April 2017.
Commonwealth has been recognized 38 times as one of the Best Places to Work by the Boston Globe, Boston Business Journal, San Diego Business Journal, U-T (Union-Tribune) San Diego, and Computerworld. This includes #1 Best Place to Work designations in the midsize category from both the Boston Business Journal and the San Diego Business Journal (2005, 2009, 2013).
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*As of 12/31/2017
**Fidelity Clearing & Custody Solutions® (FCCS) is an independent company, unaffiliated with Commonwealth. FCCS is a service provider to Commonwealth and provides clearing, custody, and other brokerage services to Commonwealth through National Financial Services LLC (NFS), member NYSE, SIPC.