COMMONWEALTH FINANCIAL NETWORK

Broker-DealerFINRA MemberEst. 1992

Total AUM

$213B

Discretionary

$208B

98% of AUM

Accounts

615,215

Employees

4,200

Advisory reps

3,438

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 operates as an independent broker‑dealer structured as an LLC and has been SEC‑registered since 1992. The firm serves both individual and family clients as well as institutional clients, offering a mix of brokerage services and advisory work. Its advisory capabilities include financial planning, portfolio management for individuals and small businesses as well as for businesses or institutions, pension consulting, manager selection, plus client education through publications and seminars. The firm uses multiple fee arrangements—percentage of AUM, hourly, fixed fees and commissions—reflecting a hybrid model that supports both fee‑based and transactional relationships. Commonwealth identifies as an active ESG investor, indicating integration of environmental, social and governance considerations into at least some of its investment activity and product offerings.