- Commonwealth Financial Network is a privately held independent broker/dealer-RIA based in Waltham, Massachusetts, and 110 Plaza in San Diego, California
Commonwealth Financial Network Net worth 2024 (estimated)
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Commonwealth Financial Network facts
- 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
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