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Commonwealth Financial Network

Support services and technology for independent financial advisors.

Discussion
financial-servicesfintechwealth-management

Company facts

Founded
1979
Employees
1,500
Headquarters
United States
CEO
Wayne Bloom
Type
Private
Funding
Corporate Round · $2.7B · 2025
Subsidiaries
Cedarwood Financial Partners, Aegis Consulting, Angelo Planning Group

About

Commonwealth Financial Network is the largest privately held Registered Investment Adviser (RIA) and independent broker/dealer in the United States, dedicated to serving independent financial advisors. Established in 1979 by Joe Deitch, the firm has built a reputation for exceptional advisor satisfaction, ranking consistently high in independent industry surveys. With headquarters located in Waltham, Massachusetts, and additional offices in San Diego, California, Commonwealth caters to over 2,000 independent advisors, providing them with sophisticated business solutions, specialized consulting, and powerful tools to help them succeed. What sets Commonwealth apart is its unwavering commitment to advisor independence, offering tailored support that enables advisors to operate their practices according to their own vision. The firm boasts a unique advisor-centric culture, characterized by a 2-to-1 advisor-to-staff ratio, ensuring that advisors receive personalized attention and resources. With a robust infrastructure and innovative technology, Commonwealth empowers its advisors to streamline operations, achieve organizational growth, and enhance client relationships. The firm's culture, success, and retention rates speak to its effectiveness in fostering a thriving community where advisors are enabled to thrive.

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