Louis Diamond Quoted – By Diana Britton, WealthManagement.com – Waltham, Mass.–based independent broker/dealer Commonwealth Financial Network has confirmed that it recently shifted the way it structures the deals it gives prospects as an incentive to join the firm. It now offers forgivable notes based on an advisor’s asset levels, rather than a percentage of production, which has historically been the norm.
Barbara Herman Quoted – By Asia Martin, WealthManagement.com – 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.
A conversation about the IBD model with Commonwealth Financial Network Managing Principal of Business Development, Andrew Daniels. Learn how the firm, 40 years in the making, has evolved, and how their model differs from others in the independent space.
Commonwealth CEO Wayne Bloom brushes off rep pushback, spins off Advisor360 to sell formerly exclusive software and research to competitors
Louis Diamond Quoted – By Oisin Breen, RIABiz – When Wayne Bloom last cast the bones, he faced an existential dilemma: cannibalize his own business to save its much vaunted technology, or watch it wither on the vine as costs mounted.Then, just over a month ago, the CEO of Commonwealth Financial Network announced his decision, four years in the making.
Howard Diamond Quoted – By Irwin Stein, RIABiz – Commonwealth Financial Network is locked and loaded — ready to blow holes in its plan to end commissions on retirement accounts if the DOL rule is repealed. Much of the original trepidation about the rule may be subsiding as the industry begins to sort out the details. Earlier this month, Howard Diamond, managing director and COO of Diamond Consultants, a financial services search and consulting firm in Morristown, N.J., wrote in these pages about the rule’s devastating effect on broker recruitment.
By Andrew Shilling, Financial Planning – An independent financial advisory firm with more than $108 million in client assets has joined Commonwealth Financial Network, the firm said. James F. King, Jr., and his team at the Manalapan, N.J.-based King Financial Network made the move to the privately held independent broker/dealer, Commonwealth Financial said.
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