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Soft Landing Services Suite from Commonwealth Targets Incoming Wirehouse Advisors

·2-min read

Commonwealth Financial Network®, a national firm dedicated to providing advisor-focused business solutions, has launched Business Consulting Services, a curated service to support incoming wirehouse advisors on their path to independence. It features a suite of offerings that will ease the transition into business ownership and independence for newly affiliated wirehouse advisors. These essential consulting services—leveraging in-house and external resources—range from human resources and payroll support to marketing, finance, and more.

"As founders and CEOs of their firm, incoming advisors to Commonwealth are finally empowered to assume full control of their business decisions," says Matt Chisholm, senior vice president, RIA services and practice management, at Commonwealth. "While this is an exciting time for them professionally, we know they’ll need support to ensure a smooth transition into the independent world. Our Business Consulting Services suite will provide both a soft landing and a launchpad for advisors, their staff, and their clients."

With a growing number of advisors leaving the wirehouse channel to pursue independence, Commonwealth recognized that the needs of first-time business owners required a bespoke approach, in addition to dedicated transition support. Working in lockstep with Commonwealth’s Transition team, the Business Consulting Services team creates a customized array of support services based on the advisor’s needs and vision for growth. Advisors can maintain, enhance, and grow their business by choosing from á la carte services that include real estate, legal, finance, marketing, human resources, investments, operations, technology, and risk management.

"Advisors don’t all come in with the same needs, so we knew we couldn’t offer a one-size-fits-all service," says Chisholm. "With Business Consulting Services, we’re giving incoming wirehouse advisors the power of choice and control over how they bring their business over—and how they grow going forward—during this important part of their evolution."

Commonwealth continues to offer its community of existing advisors guidance and coaching programs for growing scale and capacity, evolving their firms, and more, while adding Business Consulting Services to address the unique needs of incoming wirehouse advisors who are navigating first-time business ownership.

About Commonwealth Financial Network®

Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides a suite of business solutions that empowers more than 2,000 independent financial advisors nationwide. J.D. Power ranks Commonwealth "#1 in Independent Advisor Satisfaction Among Financial Investment Firms, Seven Times in a Row." Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California. Learn more about Commonwealth by visiting www.commonwealth.com.

Commonwealth received the highest score in the independent advisor segment of the J.D. Power 2010, 2012, 2013, 2014, 2018, 2019, and 2020 Financial Advisor Satisfaction Studies of customers’ satisfaction among financial advisors. Visit jdpower.com/awards.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210120005050/en/

Contacts

Kristin Albano
781.209.4396
Marketing Communications Manager
kalbano@commonwealth.com
Commonwealth Financial Network
www.commonwealth.com