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The Advisor Center Helps Massachusetts Advisor Reed Thompson Transition to Commonwealth Financial Network

Chicago, IL (April 1, 2014)The Advisor Center, the industry’s largest online resource for financial advisors, recently helped facilitate the transition of Massachusetts-based advisor Reed Thompson, with approximately $47 million in client assets, to independent broker/dealer-RIA Commonwealth Financial Network®.

Thompson joins Commonwealth after nine years at Ameriprise Financial and has more than 18 years of experience in the financial services industry overall. He offers general financial planning and advisory services and is based in Wakefield, Mass. 

After using The Advisor Center’s virtual recruiting platform to do his due diligence and look at multiple firms over a period of several months, Thompson found that Commonwealth’s structure and support presented the best opportunity for his practice.

“My migration was really a testimony to good planning and using The Advisor Center to go through the due diligence process served me extremely well,” Thompson said. “It became very clear to me that Commonwealth was the right move for me and my clients and I could not be happier.”  

The Advisor Center is the only solution in the industry providing advisors like Thompson with a centralized, objective place where all available opportunities are equally presented.

The firm’s online model empowers advisors to create an anonymous profile, protecting their true identities. A proprietary messaging system allows advisors to engage with companies, remaining anonymous until a sufficient comfort level is achieved to share confidential information. Firms cannot see the advisor’s profile while they are looking at opportunities.

“The advice that I got from [CEO and founder] Tom Daley throughout the process was absolutely invaluable,” Thompson continued. “Tom and his staff took the time to get to know me and my practice and really helped educate me on the type of environment I would be most comfortable in. The more I look at the trials and tribulations of the move, the more I am grateful for the advice, counsel and support I received from The Advisor Center team.”

The opportunity to change his business model under the Commonwealth umbrella down the road – to a Registered Investment Advisor, Investment Advisor Representative, a hybrid advisor, etc. – was a major factor in Thompson’s decision to join the broker/dealer. The Commonwealth community exists solely to help financial advisors serve their clients and support their businesses at every stage of its evolution.

“We could not be more pleased to be the broker/dealer–RIA of choice for Reed Thompson,” said Andrew Daniels, managing principal of business development for Commonwealth Financial Network. “Having started the dialogue with Reed in the early stages of his consideration to move, Tom Daley and The Advisor Center proved to be an instrumental and objective resource, allowing Reed to evaluate his business objectives and match that with Commonwealth’s freedom and range of affiliation options to be exactly the kind of advisor he wants to be. We will be there to support him every step of the way.”

About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, is the nation’s largest privately held independent broker/dealer–RIA, with headquarters in Waltham, Mass., and San Diego, Calif. J.D. Power and Associates ranks Commonwealth “Highest in Independent Advisor Satisfaction Among Financial Investment Firms, Three Times in a Row.” The firm supports more than 1,487 independent advisors nationwide in serving their clients as registered representatives, investment adviser representatives, and registered investment advisers, as well as through hybrid service models. For more information, please visit

About The Advisor Center
The Advisor Center is a web-based community empowering financial advisors to explore and compare new professional opportunities anonymously. The firm’s unique platform connects a diverse group of financial firms across all industry channels with financial advisors considering changing broker-dealers, joining an RIA, establishing an RIA, or joining an existing branch. Tom Daley, The Advisor Center Founder and CEO, discovered over his 25 years in the financial services industry that advisors did not have a way to confidently and easily explore new career opportunities. The Advisor Center is the only solution in the industry that gives financial advisors the control to research their options efficiently, conveniently, and anonymously. The absence of advertising provides advisors with a one-stop shop for objectively comparing a wide range of opportunities from large broker dealers to branches and RIAs. A proprietary messaging system allows advisors to engage with companies, remaining anonymous until a sufficient comfort level is achieved to share confidential information. In turn, each company garners unprecedented visibility via their own microsite storefront in a community of potential recruits often missed using traditional recruiting methods. For more information, please visit

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