Commonwealth Adds More Than $375 Million in New Advisor Assets
Waltham, MA (June 5, 2012)—Commonwealth Financial Network® today announces the addition of three leading independent financial services firms located in Overland Park, Kansas. Pegasus Capital Management, Trinity Planning Group, and Stanziola Financial Group joined Commonwealth in May 2012, bringing with them more than $375 million in combined total client assets.
“Pegasus Capital, Trinity Planning, and Stanziola Financial are consistently recognized as top advisor teams in Overland Park, Kansas, and throughout the industry,” said Andrew Daniels, Commonwealth’s managing principal of field development. “We look forward to helping them grow their practices by combining their innovative strategies and dedication to client satisfaction with the best tools and resources to deliver unparalleled value to their clients.”
Pegasus Capital Management, led by Ray Evans, CFP®, generated $1.2 million in gross dealer concessions (GDC) in 2011 and oversees more than $200 million in client assets. The firm focuses on wealth management planning for high-net-worth clients.
“Aligning my firm and clients with a privately held broker/dealer was a top priority,” said Mr. Evans. “Commonwealth has no conflicts of interest and can dedicate the necessary resources to meet our business needs. We were also drawn to Commonwealth’s unique and strong culture of integrity and can-do attitude.”
Trinity Planning Group, led by Timothy DiSette, ChFC®, AIF®, and David Pacer, CFP®, focuses on estate, business, investment, and retirement planning for high-net-worth business owners. The firm generated $1 million in GDC in 2011 and oversees more than $150 million in individual client and retirement plan assets.
“We’ve partnered with a firm that is a recognized leader in the qualified plan advisor industry,” said Mr. Disette. “Commonwealth was one of the first firms to truly align themselves with fiduciary standards necessary to aid us in providing full transparency of fees to our clients. Commonwealth’s partnership with us will bring greater efficiency and cost-effectiveness to our clients.”
“Now more than ever before, we can truly illustrate our open architecture of investments and qualified plan strategies,” said Mr. Pacer. “Being aligned with a privately owned and independent broker/dealer allows us to provide flexibility and value-added services to our clients—all with enhanced technology and low fees.”
Stanziola Financial Group, let by James Stanziola, CLU®, ChFC®, JD, focuses on closely held, family-run businesses in the estate and business succession planning areas. The firm generated $400,000 in GDC in 2011 and oversees more than $25 million in client assets.
“As a privately held independent broker/dealer, Commonwealth provides the flexibility I desire to run my practice effectively and efficiently. The firm also offers comprehensive marketing support and complimentary consultation that will play a key role in enhancing my brand and growing my practice” said Mr. Stanziola. “Above all else, I always feel like the financial advisors are Commonwealth’s number-one priority, which translates to satisfied clients.”
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.