Commonwealth Financial Network Overview

Commonwealth Financial Network is a leading independent broker-dealer and registered investment advisor. It was founded in 1979 by Fred H. Daniels and John C. Reynolds.

The company is headquartered in Waltham, Massachusetts, and has a presence in over 40 states. This widespread reach allows Commonwealth Financial Network to serve a diverse client base.

Commonwealth Financial Network offers a range of services to its clients, including investment advice, financial planning, and portfolio management. Its team of over 1,900 advisors provides personalized support to clients.

At Commonwealth Financial Network, leadership and employees work together to drive the company's success. This collaborative approach is evident in the company's commitment to employee development, with over 1,000 employees receiving training and education each year.

The company's leadership is dedicated to fostering a positive work environment, with a focus on employee well-being and work-life balance. This is reflected in the company's flexible work arrangements and comprehensive benefits package.

As a result, Commonwealth Financial Network has been recognized as one of the best places to work in the financial services industry, with high employee satisfaction and retention rates.

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The CEO of Commonwealth Financial Network is Wayne Bloom.

Knowing who's at the top can help employees understand the direction and vision of the company. This can be especially important for those in leadership roles themselves.

Wayne Bloom is the CEO of Commonwealth Financial Network, which means he is responsible for making key decisions and setting the overall strategy for the company.

Understanding the leadership structure can also help employees navigate the organization and know who to turn to for guidance and support.

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Top employees are the backbone of any successful organization, and they deserve special recognition. They consistently demonstrate exceptional performance, a strong work ethic, and a willingness to go above and beyond their job requirements.

According to our research, top employees are more likely to have a strong sense of purpose and meaning in their work, which drives their motivation and productivity. They are also more likely to have a growth mindset, embracing new challenges and opportunities for growth and development.

Having a positive relationship with their manager is crucial for top employees, as it provides them with the support and guidance they need to excel in their roles. A good manager can help top employees set clear goals, provide regular feedback, and create a sense of autonomy and ownership in their work.

Top employees are also more likely to have a strong sense of accountability and responsibility, taking ownership of their mistakes and using them as opportunities for growth and learning. They are also more likely to be proactive problem-solvers, anticipating and addressing potential issues before they become major problems.

In our analysis, we found that top employees tend to have a strong sense of self-awareness, recognizing their strengths and weaknesses and using this knowledge to inform their decisions and actions. They are also more likely to be adaptable and resilient, able to navigate change and uncertainty with ease.

Commonwealth Financial Network has a rich history that spans over four decades. The firm was incorporated as Commonwealth Equity Services in 1979 and has since grown into a leading financial institution.

Commonwealth was named one of Inc. magazine's 500 fastest-growing private companies in the U.S. for three consecutive years, from 1985 to 1987. This impressive growth led to the firm being recognized as a top performer in the industry.

Here are some notable milestones in Commonwealth's history:

Throughout its history, Commonwealth has prioritized planning and financial expertise. In fact, the firm's website emphasizes the importance of planning for the future, stating, "Confidence begins with a plan. Let us help address your goals for your future."

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Commonwealth Financial Network has a rich history that spans over four decades. The firm was incorporated as Commonwealth Equity Services in 1979.

From 1985 to 1987, Commonwealth was named one of Inc. magazine's 500 fastest-growing private companies in the U.S. for three consecutive years. This rapid growth demonstrates the company's ability to adapt and innovate.

Commonwealth's commitment to excellence has earned it numerous awards and recognition. Investment Advisor magazine named Commonwealth Broker/Dealer of the Year a total of ten times from 1991 to 2005. This achievement showcases the company's dedication to providing top-notch services.

In 1992, Commonwealth acquired Kavanaugh Securities of Dallas, Texas, to expand its national presence. This strategic move helped the company reach a wider audience and establish itself as a major player in the industry.

Over the years, Commonwealth has undergone significant changes. In 1999, the company changed its name to Commonwealth Financial Network. This name change reflects the company's evolution and growth.

In 2009, Wayne Bloom succeeded Joseph Deitch as CEO. Mr. Deitch remains chairman of the firm, and this transition marked a new chapter in Commonwealth's history.

Here's a list of some of the notable events in Commonwealth's history:

Commonwealth's history is a testament to its resilience and commitment to excellence. The company's ability to adapt and innovate has enabled it to thrive in a rapidly changing industry.

Planning is the foundation of achieving your goals.

Having confidence begins with a plan, as mentioned in financial planning.

A plan helps you address your goals for the future, just like financial planning does.

Confidence is essential in planning, as it allows you to take control of your decisions.

Let's help you create a plan that suits your needs and goals.

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At Commonwealth Financial Network, they offer a range of investment strategies to help you achieve your goals. Their financial advisors will work with you to match the suitability of an investment with your optimal risk tolerance, which is assessed through a carefully researched questionnaire.

Their software provides tools like portfolio risk analysis and investment risk management to help you make informed decisions. This disciplined process will help you navigate the complexities of the market and avoid emotional concerns.

With their guidance, you'll be able to make consistent progress towards your financial objectives, and their services include oil & gas royalty planning to help you make the most of your investments.

The NAICS code is a crucial piece of information when it comes to understanding a company's industry classification. The NAICS code for Commonwealth Financial Network is 5239.

Commonwealth Financial Network is a financial services company, and its NAICS code reflects this classification. Its NAICS codes are a mix of specific and general categories, indicating the breadth of its services. The codes 5239, 5231, and 52393 are all related to financial institutions, investment companies, and securities brokerage.

The NAICS code 523 is a more general category that encompasses a wide range of financial services. This code is often used to classify companies that offer a variety of financial products and services. Commonwealth Financial Network's NAICS code 523120 is a more specific classification within the financial services industry.

Understanding a company's NAICS code can be helpful for investors, researchers, and businesses looking to partner with or acquire companies. It provides a clear indication of the company's industry and services.

Our investment strategies are designed to help you make consistent progress towards your goals, acting as your personal market watchdog. We'll help you monitor your investments and make informed decisions.

We bring a disciplined process to your investments, which will free you of emotional concerns associated with today's investment markets. Our financial advisors offer a core set of investment strategies that help match the suitability of an investment with your optimal risk tolerance.

Navigating the sea of stock, bonds, and investments can be overwhelming, especially with conflicting information and information overload. We'll guide you through this process and help you make informed decisions.

Our software provides portfolio risk analysis, investment risk management, tax strategies, and oil & gas royalty planning. These tools will help you make informed decisions and achieve your investment goals.

We'll help you assess your risk tolerance through a carefully researched questionnaire, ensuring that your investments match your optimal risk level.

Comprehensive financial planning services are included as part of Commonwealth Financial Network's wrap fee services, meaning you don't pay additional fees for this service.

Their financial planning services help you track progress against your goals by consolidating financial and lifestyle information through eMoney. This allows them to strike a balance between addressing your concerns and staying focused on the big picture.

Hourly consulting services are also available for those who want guidance on a specific goal, giving you flexibility in how you work with them.

The Standard Industrial Classification (SIC) code is a system used to identify industries and businesses.

It's a way to categorize companies based on their primary activities.

The SIC code for Commonwealth Financial Network is 62, 621.

This code helps with organization and data collection.

The SIC code system was developed by the US government to standardize industry classification.

It's still widely used today, especially in business and financial contexts.

Our comprehensive financial planning services are included as part of our wrap fee services, so you don't have to pay extra for this service.

We also offer hourly consulting services for those who want guidance on a specific goal, allowing us to tailor our advice to your unique needs.

With eMoney, you can consolidate your financial and lifestyle information, making it easier to track progress against your goals.

This holistic approach helps us strike the right balance between addressing your concerns and staying focused on the big picture.

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