So, what exactly is a Registered Investment Adviser/Broker-Dealer?
It is a company that a registered investment professional is required to affiliate with in order to buy and sell investment products on behalf of his or her clients. The Securities and Exchange Commission (SEC) delegates the supervision of financial advisors to the Financial Industry Regulatory Authority (FINRA). FINRA, in turn, requires us to choose a broker/dealer to partner with on your behalf.
Why Commonwealth Financial Network®?As the nation’s largest privately held Registered Investment Adviser/Independent Broker-Dealer, Commonwealth has the scale, stability, and resources to help us deliver the solutions our clients need. With a staff of more than 850, Commonwealth helps approximately 1,800 independent advisors serve their clients and manage total account assets of over $150 billion.
The fact that we’ve chosen to work with Commonwealth means that our firm remains independent and free to act in your best interest, without any pressure to promote proprietary products or strategies. It’s a model that differs from that of some other, larger financial firms whose financial representatives are accountable not just to their clients, but also to the parent company that employs them.
Commonwealth is also independently owned and managed, which means the firm retains the freedom to allocate resources where they’re needed and to act in the best interests of its financial advisors and their clients—not shareholders.
How Commonwealth helps us help you?Commonwealth goes far beyond what’s required of a broker-dealer. The entire organization is built around doing whatever it takes to satisfy not only the advisors who work with the firm, but the clients of those advisors as well. It’s that infrastructure, and the always expanding wealth of resources it provides, which makes it easier for our firm to provide you with the best possible guidance and the prompt, personal service you expect and deserve.
Investment Choice: Commonwealth offers us robust, independent market research and a wide universe of third-party investment options - from individual stocks and bonds, to mutual funds, exchange-traded funds, alternative investments, managed accounts and retirement plans. Our access to Commonwealth’s expert, impartial guidance, plus a diverse range of products, helps ensure that we remain free to operate in your best interest and to make recommendations based on your financial objectives, personal investment style, and risk tolerance.Service: Commonwealth's “advisor-to-staff” ratio is one of the best in the industry. This means staff members answer our calls promptly, execute transactions quickly and accurately, and, in general, offer our firm the same first-class treatment we strive to give you.Technology: Commonwealth's technology platform is a critical component in our ability to provide you with first-class service and support. Its integrated web-based systems allow us to more efficiently manage your portfolio and your overall financial plan.Security: Commonwealth is second to none in its commitment to safeguarding your privacy and ensuring that your personal data remains secure. From encryption standards to disaster recovery plans and other measures the firm employs, we are confident that the sensitive and important information our clients entrust us with will remain secure.
Committed to helping those in need
Finally, we are extremely proud of Commonwealth’s commitment to service, and that it does not end with advisors like me and clients like you. For more than three decades, the firm has been dedicated to serving the communities where its employees and affiliated advisors work, live, and visit. Commonwealth Cares, a 501(c)(3) charity, was formed in 2010 to maximize the impact of those efforts. The foundation’s mission is to provide contributions of time, talent, and financial support to a wide range of philanthropic efforts aimed at relieving human suffering, promoting social and economic growth, and sustaining and protecting our planet’s resources. That kind of dedication to the greater good is just one more reason we’re proud to be affiliated with Commonwealth!