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Articles tagged "Commonwealth"


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Wayne Bloom: We're really a giant national RIA.

Commonwealth cuts RIA custody fee, toggles Fidelity and Schwab as sub-custody and co-custody partners, and explains why its model puts $1 trillion of (mostly) RIA assets in reach

Fresh off three-year hiatus, Wayne Bloom framed his Waltham, Mass. IBD as both a big, national RIA and a custodian to smaller ones but also promises to 'remember where you come from' -- namely a commission-based brokerage beginning.

December 7, 2022 at 4:57 AM

Darren Tedesco: Doing nothing was the bigger risk, and to allow the [technology] world to continue to spend more, without matching it, was too high of a risk.

Commonwealth CEO Wayne Bloom brushes off rep pushback, spins off Advisor360 to sell formerly exclusive software and research to competitors

From the standpoint of the Waltham, Mass.-based brokerage chief, the revenue from repurposing rep software that creatively finances his firm's $35,000-per-head tech overhead is a necessary evil that has far fewer drawbacks than perceived.

April 12, 2019 at 9:13 PM

Wayne Bloom: In just three years, Trap has made enormous contributions.

Calm, thoughtful demeanor led Commonwealth Financial Network to make a 10-year LPL exec its new president and COO; IPO anyone?

Since being poached in 2015, Trap Kloman quickly earned Wayne Bloom's trust and current president, Rich Hunter, is ready to step back

June 27, 2018 at 6:59 PM

Wayne Bloom: If the facts and circumstances change we will modify our stance accordingly.

Commonwealth Financial will reverse course on commissions if DOL gets reversed

The Waltham, Mass. IBD's stance jibes with Wayne Bloom's earlier message of regulatory risk and reward as Merrill Lynch stays mum

November 18, 2016 at 6:02 PM

Brad MacMillan: I'm going to be using fewer and fewer qualifiers—and the day when I drop them entirely will probably come sooner than you might expect.

That employment boom is pretty much here

With the Great Recession in the rear-view mirror, all signs point to a job-creation bonanza not seen since the 1990s

April 22, 2016 at 6:46 PM

Raymond 'Rocky' Daigle: I am able to read 401(k) plan documents and talk to a plan administrator and know what I mean.

A $350-million-AUM team of ex-lawyers-turned-advisors lands at Commonwealth after stops at Edward Jones and LPL

Best pals since middle school and partners since 2001, the advisors use their mad depostition skills to hone in on client needs and their tenacity to make sure of follow-through

July 28, 2015 at 8:01 PM

Lance Nelson:  It got to be that we were making two calls on every case to make sure we had the same story.

Why it took 13 years and one bad Beverly Hills moment for a $92-million AUA advisor to leave LPL for Commonwealth

As smaller IBDs struggle for ground against the giants, they need to first demonstrate their tenacity on the sales gridiron

November 3, 2014 at 4:29 AM

Wayne Bloom:  We're really a great big RIA.

What's up with J.D. Power naming Commonwealth top IBD for the fourth straight year

One trick, Wayne Bloom says, is that he relentlessly squeezes feedback out of his 1,600 advisors

July 2, 2014 at 12:32 AM

Bill Wostoupal: It is highly unlikely the IBD is going to help them put a private-labeled app in the Droid and App stores.

What Securities America and NorthStar Financial are up to with the creation of Arbor Point

The Cornhusker State companies found common ground in building a home for the burgeoning 'Goldilocks' category of not-too-RIA, not-too-IBD advisor

July 1, 2013 at 6:09 AM

Tom Bartholomew: I don't have to have the downtime and overhead and the legal costs of running the independent RIA.

How one IBD rep just zoomed to $1 billion AUM -- on his way to $2 billion -- but remains impervious to calls from RIA custodians

Tom Bartholomew says that his pull with Commonwealth gives him more time with clients and extra-responsive service

March 27, 2013 at 4:16 AM

Bryan Chew (l.) with his team: I felt there wasn't anyone I could turn to at LPL.

Commonwealth racks up a $100 million LPL team by using its broker-dealer's greater size against it

The Waltham, Mass.--based IBD believes this is LPL's soft underbelly because small-and -familial is why many advisors joined the old Linsco/Private Ledger from wirehouses in the first place

August 9, 2012 at 5:50 AM

Larry Sinsimer: This is a statistic that advisors have the power to change.

Three items of RIA interest

Fidelity study shows 70% of recent widows fire their advisors, Commonwealth and embattled PIEtech strike a deal and Modera Wealth brings aboard a senior planning specialist

December 29, 2011 at 4:13 PM

Tom Bradley: We consider ourselves the Apple of the industry.

Once good for a few million, TD Ameritrade's foot-in-the-door strategy is starting to net billions

With the paperwork signed, TD goes to work wooing big RIAs with technology, special pricing and a maverick culture

October 11, 2011 at 5:42 AM

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