Suvarna Garge (Editor)

Commonwealth Financial Network

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Covid-19
Type  Private
Number of employees  Approximately 775
Revenue  1 billion USD (2015)
Founded  1979
Industry  Financial services
Website  www.commonwealth.com
Founder  Joseph Deitch
Motto  Anything but Common
Commonwealth Financial Network httpsmediaglassdoorcomsqll28069commonwealt
Key people  Joseph Deitch (Chairman) Wayne Bloom (CEO)
AUM  Approximately $100 billion
Headquarters  Waltham, Massachusetts, United States
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Commonwealth financial network jeremie doucette


Commonwealth Financial Network is a privately held independent broker/dealer-RIA based in Waltham, Massachusetts, and 110 Plaza in San Diego, California. The company was founded in 1979 by Joseph S. Deitch and was incorporated under the name Commonwealth Equity Services. In 1999, the name Commonwealth Financial Network was adopted. Deitch remains Chairman of the firm. The firm is owned and controlled by its 11 managing principals.

Commonwealth has approximately 1,600 independent financial advisors and financial planners for whom it serves as a "back office," processing investment transactions on behalf of their clients, and to whom the firm provides resources and consulting services to support the advisors’ businesses.

Advisors who affiliate with the firm must earn a minimum of $200,000 in annual gross broker/dealer concessions (GDC). Gross revenue per advisor is the highest among independent broker/dealers, as reported by Financial Advisor in April 2015.

References

Commonwealth Financial Network Wikipedia


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