Commonwealth Financial Network

Broker-DealerFINRA Member

Total AUM

$213B

Discretionary

$208B

98% of AUM

Accounts

615,215

Employees

4,200

Advisory reps

3,285

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 an LLC that has been SEC-registered since 1992. The firm serves both individual and family clients as well as institutional investors, operating as a hybrid broker-dealer and advisory platform. Its service mix includes financial planning, portfolio management for individuals and for businesses or institutions, pension consulting and selection of third‑party advisers, along with client education through publications and seminars. Fee arrangements are varied and include percentage-of-AUM billing, hourly and fixed fees, and transaction-based commissions. The firm identifies as an active ESG investor and maintains affiliations across broker‑dealer, investment adviser, banking/thrift and insurance channels. Commonwealth does not position itself as a capital allocator; its ownership is described as a mix of domestic entities and individuals.