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Commonwealth CIO, Brad McMillan.
Read the latest features on Commonwealth movers and shakers influencing our industry and ways we're bringing ideas to life.
Commonwealth Adds $300M Wisconsin Team from Northwestern Mutual. Sentinel Advisory Group, managing $330 million in client assets, has joined Commonwealth from Northwestern Mutual. The Wisconsin-based team was drawn to Commonwealth’s unified technology systems and strong transition support, which they believe will enhance business operations and the client experience. Wealth Management, 7/31/2024
Mag 7 must perform 'incredibly well' to justify valuations. Commonwealth’s CIO Brad McMillan warned of “a threat of more pressure” on the Magnificent Seven due to high valuations and slow earnings growth. Despite these concerns, McMillan remained optimistic about consumer health, citing robust job market conditions and continued wage growth. Yahoo! Finance, 7/24/2024
Commonwealth Using 'Softer' Touch, Expanding Alts to Attract HNW Clients. Commonwealth is advancing its services for high-net-worth clients through soft skills training and expanded alternative investment offerings. CEO Wayne Bloom explained that initiatives include partnerships that aim to improve comprehensive wealth management for all client levels. Financial Advisor IQ, 7/16/2024
Buffer ETFs Provide Comfort at a High Cost, Advisors Say. Rob Swanke of Commonwealth noted the appeal of buffer ETFs, which manage risk and reduce short-term volatility. Despite higher fees, such as the 0.69 percent for the Calamos S&P 500 Structured Alt Protection ETF, Commonwealth values these ETFs for their stability and predictability, especially amid market uncertainty. Financial Advisor Magazine, 7/11/2024
Commonwealth, Stifel, Raymond James top advisor satisfaction rankings; Wells Fargo Advisors' score jumps by triple digits. Commonwealth Financial Network continued to excel in J.D. Power’s U.S. Financial Advisor Satisfaction Study, maintaining its leading position due to its strong leadership, supportive culture, and effective technology. This consistent ranking underscored Commonwealth’s commitment to providing a supportive environment that resonates well with financial advisors. Financial Planning, 7/10/2024
Looking for insights on industry hot topics? Check out Commonwealth CIO Brad McMillan's blog.
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Aegis Consulting, a Commonwealth Advisory Firm, Nearly Doubles Advisor Head Count and Assets
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