June 22, 2021
Barbara Herman Quoted
By Asia Martin
Commonwealth Financial Network, an independent broker/dealer with over $221 billion in total client assets, has recruited Melville, N.Y.–based advisor Keith Ryan, who spent the past 26 years at UBS. Ryan, who managed $140 million in client assets at UBS, is the first to join under Commonwealth’s new Access Advisor Program, a new pricing model for breakaway advisors.
Ryan’s practice, now known as Anlon Financial Strategies, focuses on mid-career individuals looking to retire.
“Commonwealth recognized if they’re going to appeal to and successfully communicate with wirehouse advisors they had to deliver the message and reformulate how they communicate the numbers to a wirehouse advisor,” said Barbara Herman, senior vice president of recruiting firm Diamond Consultants, who was involved in Ryan’s transition.
“Advisors are looking for greater transparency for how they are compensated and how their business is priced to clients. So, [Access Advisor] is transparency crossed with simplicity,” she added.
