- A true consolidated return, including the performance of closed accounts
- Automatic inclusion of new accounts added to a household
- A visual display of diversification
- Customization of benchmarks, including blended benchmarks
- A streamlined quarterly market commentary
Commonwealth Financial Network® Offers New Quarterly Statements With Enhanced Performance Reporting
Waltham, MA (May 22, 2012)—Commonwealth Financial Network® announces the release of new quarterly statements with enhanced performance reporting, available to investor clients of the independent broker/dealer’s network of financial advisors. The Preferred Portfolio Services® (PPS) quarterly statements, which will replace the current Advent quarterly statements used by Commonwealth, now display all accounts in a household—not just fee-based accounts—providing clients a more holistic view of their portfolios.
Improved performance reporting makes available:
“Investors in our beta test found the simplified layout and organization of the statements to be straightforward and intuitive, making it easier for them to review their statements and understand their portfolios,” said Darren Tedesco, managing principal of innovation and strategy. “This enhances the advisor’s role as an educator and partner in working to help clients achieve financial goals.”
Advisors can customize individual investor statements by opting to include a portfolio summary, portfolio performance, asset allocation information, holdings, and a quarterly market commentary. Advisors can also brand statements with their firm name and logo.
“Our advisors requested the ability to pick and choose what information to display for their clients—and that’s exactly what we’ve provided with the new PPS quarterly statements,” said Tedesco.
Click here to view a sample of the PPS quarterly statements.
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.