If it were up to Commonwealth Equity Services we'd all have wealth in common. Operating as Commonwealth Financial Network, the independent broker-dealer and investment advisor provides investment products and services to a network of about 1,400 independent financial advisors throughout the US. It has about $65 billion in client account assets. Commonwealth Financial Network provides access to such financial products as stocks, bonds, mutual funds, annuities, investment trusts, life and long-term care insurance, retirement plans, CDs and money market accounts, and alternative investments to its advisors, who in turn offer these products to their retail clientele.
The company also provides research and technology support services to its financial advisors, and makes sure that they adhere to securities laws, are properly licensed, maintain necessary paperwork, and avoid conflicts of interest.
Commonwealth Financial Network, which has offices in Waltham, Massachusetts (a suburb of Boston) and San Diego, is consistently ranked as one of the best places to work in those markets.
Founded by chairman Joe Deitch in 1979, Commonwealth Financial Network is owned by its 12 managing principals.