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Commonwealth Financial Network® Welcomes 99 New Advisors to National Conference

Waltham, MA (November 7, 2016)—Commonwealth Financial Network®, the nation’s largest privately held independent broker/dealer–RIA, welcomed 99 new advisors at a dedicated luncheon during its annual National Conference, November 3–6, 2016, at the JW Marriott in Austin, Texas.

This steady stream of new advisors signals consistent recruiting growth for the company. Within the past year, 99 advisors across 30 states have joined Commonwealth, representing $48 million in total production. Of these new advisors, 36 joined an existing practice. Although the majority of advisors have joined from another independent broker/dealer, Commonwealth continues to attract advisors from various channels, including RIA, wirehouse, insurance-owned, and employee-model broker/dealers.

The private luncheon provided an opportunity for the newest members of the Commonwealth community to be welcomed to their first National Conference. Joseph Deitch, founder and chairman, presented opening remarks, and advisors heard from a panel of managing partners who touched on Commonwealth’s uncommon history and answered questions.

Members of the management team also recognized the caliber of advisors in the room and thanked them for trusting Commonwealth as their independent broker/dealer–RIA of choice.

“Community isn’t a tagline at Commonwealth; it’s a way of life,” said Andrew Daniels, managing principal, business development. “This lunch, in addition to other networking opportunities hosted exclusively for advisors who have recently joined us, demonstrates our commitment to relationship building—both among our advisors and with our home office staff who are supporting their businesses each day. Establishing connections with key functions and resources off the bat is critically important to an advisor’s success, and we will always prioritize fostering those ties.”

Advisors commented on their experience with Commonwealth thus far. “[Working with] a privately held independent broker/dealer–RIA who has our clients’ best interests in mind has been truly refreshing,” said Jay Rubottom, managing partner, Cottonwood Capital Advisors. Advisor Jeremy Soboleski of Ivory Wealth Management added, “Commonwealth’s integrated technology offering and unparalleled service have exceeded our expectations. When we call, not only does Commonwealth answer, but we get the exact information we’re looking for.”

Authenticity, transparency, accountability, and service excellence were notable sentiments throughout the open dialogue.

As of the third quarter of the year, Commonwealth has maintained an out-of-transition score1 of 98.8 on a 100-point scale. Further, the firm’s service score2 rates 95.5—affirming Commonwealth’s ability to deliver on its promise to advisors long after they have joined.

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, Massachusetts, and San Diego, California. The firm supports more than 1,650 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

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1Advisors and support staff receive a questionnaire three to four months post-transition, in which Commonwealth solicits honest, detailed feedback (numerical and open ended) on each individual’s transition experience, providing the Transition team with valuable feedback on ways to continually improve.

2Commonwealth obtains advisor feedback and scores from three sources to calculate an average service rating: (1) One-Year Surveys help gauge if we are meeting the expectations of our new advisors, (2) audit scores provide a measure of how well we continue to perform as a firm, and (3) State-of-the-Business Check-Ins provide very specific information about the advisors’ practices—what we are doing well and how we can serve them better going forward.

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