Commonwealth Financial Network

Broker-DealerFINRA Member

Total AUM

$213B

Discretionary

$208B

98% of AUM

Accounts

615,215

Employees

4,200

Advisory reps

3,219

Brokerage reps

2,600

Firm details

Headquarters: Waltham, Massachusetts
CRD number: 8032
Registered since: June 11, 1992
Website: www.commonwealth.com
Custodians: NATIONAL FINANCIAL SERVICES LLC
Fee structure: Percentage of AUM, Hourly Charges, Fixed Fees, Commissions
Client types: HNWI51.11%
Individuals44.02%
Corporations / Businesses1.94%
State / Municipal Government1.5%
Pension & Profit Sharing Plans0.92%
Services: Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsPension ConsultingSelection of Other AdvisersPublication of PeriodicalsEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Commonwealth Financial Network is an independent broker‑dealer organized as a limited liability company and has been registered with the SEC since 1992. Its platform serves individual and family clients as well as institutional relationships and combines brokerage and advisory capabilities: fee models include percentage of AUM, hourly and fixed fees, and commission-based business. The firm offers a broad set of advisory services — financial planning, portfolio management for individuals and businesses, pension consulting and selection of other advisers — alongside periodicals and educational seminars for advisors and clients. Commonwealth identifies as an active ESG investor and maintains industry ties spanning broker‑dealer, registered investment adviser, banking/thrift, and insurance company affiliations.