Meet The Partners
The 11 managing partners lead Commonwealth with an unparalleled combination of industry experience and management expertise, as well as an unwavering commitment to our advisors and their clients. Please read on for more about these exceptional individuals and what each brings to our firm.
Founder and Chairman
Joe formed Commonwealth in 1979 to offer unbiased and superior investment brokerage services to the burgeoning ranks of financial advisors like him. Since that time, Joe and Commonwealth have remained true to the original vision of providing indispensable service and cultivating a supportive environment where all affiliated professionals can thrive. He has dedicated his professional career to the dual goals of quality and community, constantly trying to create and refine “the ideal environment.”
Joe is an alumnus of Harvard Business School’s Owner/President Management Program and is ranked among leading CEOs in the book Leadership Secrets of the World’s Most Successful CEOs: 100 Top Executives Reveal the Management Strategies That Made Their Companies Great (Dearborn Publishing). In 2010, the editors of Investment Advisor magazine selected Joe as one of the 30 most prominent leaders in and around the planning profession over the last three decades.
Wayne began his career at Commonwealth in the firm’s Accounting department in 1989. Since that time, he has gained experience in virtually every facet of the firm. As one of the pioneers of our wealth management initiative, he has an extensive background in managing the firm’s research, insurance, financial planning, retirement, and registered investment advisory divisions. As CEO, Wayne is responsible for managing our primary objective of providing indispensable service to our network of independent financial advisors and their investors.
Wayne is a former chairman of the IAFP’s Financial Products Advisory Council. He enjoys playing sports, coaching his children’s teams, kayaking, windsurfing, and spending time with family on Cape Cod.
Peter was hired as a due diligence officer for Commonwealth in 1984. Over time, his straightforward manner and common-sense business approach earned him more and more responsibility. From 1992 to 2013, Peter was president of Commonwealth. Today, Peter is vice chairman, oversees the Legal and Compliance departments, and focuses on long-term strategic planning.
Peter has served as vice chairman on FINRA’s District II Business Conduct Committee and currently serves as a member of the Independent Dealer/Insurance Affiliate Committee. He has also served on the board of directors for the Financial Services Institute, an organization whose purpose is to act as the voice for independent financial services firms and independent financial advisors nationwide.
Peter enjoys many sports, including skiing, surfing, windsurfing, and mountain biking.
Managing Principal, Human Resources
Kate has been with Commonwealth since 1998. She and her team are responsible for all employee-focused programs developed to attract and retain a high-quality talent pool and to make the four tenets of our mission statement—indispensability, profitability, individual development, and fun—come alive every day in the workplace. These programs include robust professional development offerings, competitive rewards, creative staffing, clear and engaging communications, fun employee events, and effective performance management systems.
Kate is an avid swimmer. She also enjoys kayaking in rural Maine, exploring restaurants with friends and family, and pursuing her newfound love for gardening.
Managing Principal, Business Development
Andrew joined Commonwealth in 1998 as director of account services, where he worked with his team to develop process improvements; implement new, uniform training procedures; and instill a greater focus on indispensable service. In July 1999, Andrew joined the Field Development team, blending his enthusiasm for Commonwealth with his outgoing personality to tell the firm’s story to advisors in search of a new broker/dealer–RIA. Today, Andrew continues to share the uniqueness of each corner of the firm with prospective advisors, as well as coordinates and integrates the efforts of the Marketing, Recruiting, and Transition departments.
A former deck officer on two ocean-going tall ships, Andrew’s passions are surfing and family.
President and COO
Rich began working at Commonwealth in December 1988 as the firm’s controller. He also oversaw the firm’s information systems development and technology deployment. From 1996 to 2013, Rich served as chief financial officer and managing principal. Today, as president and COO, Rich continues to oversee all financial activity of the firm, including general ledger accounting, forecasting, commission accounting, year-end audit coordination, implementation of internal controls, and strategic planning. In addition, Rich oversees the business planning process for the firm. An aspiring writer, Rich pens a popular quarterly communication to Commonwealth employees on the firm’s financial and operational performance.
Rich is an outdoor person who enjoys golfing, hiking, and skiing. He is proud to be part of Commonwealth’s success and considers himself lucky to have a job where he “loves coming to work every day.”
Managing Principal, Trading and Brokerage Operations
Dave came to Commonwealth in 1991, serving as one of three traders responsible for handling all trading and servicing of our advisors’ client accounts. Today, Dave is the principal responsible for Commonwealth’s brokerage operations, which includes the Account Services team and the Trade Desk.
Dave enjoys spending time with his three young children. An energetic sort, he can be spotted in his off hours playing hockey, softball, or golf—or riding his Harley.
Managing Principal, Internal Operations
Janet first worked at Commonwealth from 1984 to 1989, serving as executive vice president and director of investor services for First Cambridge Properties (a Commonwealth affiliate). She returned to Commonwealth in 1997 as vice president, internal operations and later acquired direct management responsibility for several operational departments. Janet focuses on the effective balance of people, process, and technology in delivering indispensable service to our advisors. She develops consensus around the establishment of indispensable service standards, promoting measurable goals throughout the firm’s operational areas. Janet has led several internal service campaigns to ensure that employees are empowered to create and implement their own ideas for enhancements, encouraging a wellspring of continual process improvement throughout the firm.
Janet enjoys traveling to out-of-the-way places, reading biographies, and dreaming up better ways to get just about everything done.
Managing Principal, San Diego
John came to Commonwealth in 1988 after spending five years as a vice president at Moseley Securities in Boston. Arriving to work in the Product department, John handled mutual funds, many partnerships, commodities, variable annuities, qualified plans, and individual issues. Over time, he has helped engineer the growth of not only the Product department but also Commonwealth as a whole and is relied upon by all parties for his advice and perspective on the direction of the firm. John opened and now manages Commonwealth’s West Coast office in San Diego, California. He has been a guest on numerous television shows and nationally syndicated radio programs. In 2015, John was elected to the Financial Services Institute (FSI) board of directors and will serve a minimum of three years.
He is a graduate of Colby College with a BA in government and attended Harvard Business School’s OPM Key Executives Program. He also holds FINRA Series 7, 24, 63, and 65 securities registrations.
Besides voraciously reading about the financial industry and markets, John enjoys wine, golfing, following his hometown Philadelphia sports teams (especially the Eagles), and, most of all, spending time with his wife, Janice, and three kids, Chase, Josie, and Kellen.
Managing Principal, Innovation and Strategy
Darren’s tenure at Commonwealth began in 1994. Initially hired as a staff accountant, he has filled many roles since then, including assistant controller and director of commissions. Since moving to Technology in 2000—largely due to the infamous Y2K nonevent—his focus has been on Commonwealth’s software. In his current role, Darren creates and supports critical business strategies by setting the direction of Commonwealth’s business systems. He also investigates the use of new technologies and business opportunities to enhance the customer experience. He speaks regularly at industry conferences and is frequently quoted in industry publications for his knowledge of software in the financial advisor community.
Outside of work, Darren enjoys spending time with his family, traveling, and just about any type of sport and outdoor activity, including golf, swimming, hiking, scuba diving, and skiing.
Managing Principal, Practice Management
Joni joined Commonwealth in 1998 and is a recognized expert in the financial services industry for helping advisors adopt the best practices, and develop the mindset and systems, to grow their businesses to the next level. She has written and been featured in articles for popular industry publications, including InvestmentNews, Investment Advisor, Solutions, and Morningstar Advisor Edition. She has also spoken at leading industry conferences, including the Financial Planning Association Annual Conference and the Million Dollar Round Table.
Joni attained the rank of first lieutenant in the United States Air Force. She is also an avid cyclist.