Commonwealth Adds More Than $300 Million in New Advisor Assets
Waltham, MA (October 8, 2012)—Commonwealth Financial Network® today announces the addition of Schluchter Investment Advisors of St. Cloud, Minnesota, to its network of independent financial advisors. Formally affiliated with First Allied, Schluchter Investment Advisors was founded by managing partner Wayne Schluchter and oversees more than $300 million in total client assets.
“From our very first conversation with Commonwealth, we have experienced a partner that mirrors our primary value of high-touch client service,” said Mr. Schluchter. “It’s one thing to say it and another to do it beyond expectation. Without exception, Commonwealth has exceeded our expectations.”
Mr. Schluchter, AIF®, joins the nation’s largest privately held independent broker/dealer with 25 years of industry experience, having provided comprehensive wealth management services to high-net-worth individuals, families, and corporations throughout the United States. He is an active member of his community and serves as president of the North Dakota State University Alumni Association, as well as assistant football coach for St. Cloud Technical High School.
“Within 15 minutes of arriving at the home office and experiencing the firm’s technology offerings, we knew this was the right place for us,” said Mr. Schluchter. “Commonwealth’s Client360° platform provides the ability to take disparate assets, such as REITs or mutual funds held at a fund family, and, in the click of a button, aggregate those assets to receive a holistic view of asset allocation, while managing risk for clients.”
Joining Mr. Schluchter in the transition to Commonwealth are Terri Hermanson; Kim Thyen Nies; Jeff Voit; Cindy Lanoue-Sauer, AIF®; and Doug Holzkamp, AIF®.
About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, and a registered investment adviser, is the nation’s largest privately held independent broker/dealer, with headquarters in Waltham, Massachusetts, and San Diego, California. J.D. Power and Associates ranks Commonwealth “Highest in Independent Advisor Satisfaction Among Financial Investment Firms” two times in a row*. The firm supports more than 1,400 independent registered representatives nationwide and makes available a comprehensive array of financial products and services. For more information, please visit www.commonwealth.com.
*Commonwealth Financial Network received the highest numerical score in the independent advisor segment in the proprietary J.D. Power and Associates 2010 and 2012 Financial Advisor Satisfaction Studiessm. The 2012 study was based on nearly 2,800 total responses and measures overall financial advisor satisfaction among advisors registered with Financial Industry Regulatory Authority (FINRA) investment firms. Proprietary study results are based on experiences and perceptions of financial advisors surveyed between November 2011 and January 2012. Your experiences may vary. Visit jdpower.com.