January 23, 2023
By Tobias Salinger
A billion-dollar team with nine planners left Edward Jones for Commonwealth Financial Network with a goal of recruiting and acquiring its way to 1,000 financial advisors over the next 20 years.
Managing partners Todd Vincent and Dylan Ripley of Temple, Texas-based Cedarwood Financial Partners lead a team of 17 employees with five offices in two states. In an interview with Financial Planning after the Jan. 17 announcement of their move from Edward Jones to Commonwealth, Ripley cited discussions of independence at the recruiting firm that represented the team in the switch, Diamond Consultants, and the separate “Diamond Teams” structure introduced by consulting firm Herbers & Co. as instrumental. The two advisors chose Commonwealth after interviewing a dozen suitors.