Commonwealth Financial Network

Retirement Planning Firm in New Milford, CT

Firm Info
Address: 518 Monroe Turnpike # C, Monroe, CT 06468, USA
Phone: (203) 261-3535

Firm Size
Assets Under Management: $162 billion
# of Advisors: 2,700
# of Clients: 540,172
Client to Advisor Ratio: 200:1
Average Account Size: $299,904
# of Offices: 1

Services Offered
  • Financial Planning
  • Portfolio Management for Individuals & Small Businesses
  • Portfolio Management for Businesses or Institutional Clients
  • Pension Consulting Services
  • Selection of Others Advisors
  • Publication of Periodicals or Newsletters
  • Educational Seminars & Workshops

Types of Clients
  • Individuals (Not High Net Worth)
  • Individuals High Net Worth

    *>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth

  • Pension & Profit Sharing Plans
  • Charitable Organizations
  • State & Municipal Govt Entities
  • Corporations or Other Businesses Not Listed Above

Available Fee Structures
  • Percentage of Assets Under Management (AUM)
  • Hourly
  • Fixed Fees (Other than subscription)
  • Commissions

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Commonwealth Financial Network Overview

Commonwealth Financial Network is a well-established investment advisory firm that has been in business since 1992. Its headquarters is located in Waltham, MA. It is a broker-dealer firm that provides investment advice to its clients. One of the firm's major attributes is that it operates on a fee-based arrangement, ensuring that it offers its clients the most transparent service possible. Commonwealth Financial Network provides its clients with a variety of investment management services, including financial planning, portfolio management for individuals and small businesses, portfolio management for businesses, or institutional clients. They offer pension consulting services, selection of other advisors, publication of periodicals or newsletters, and educational seminars & workshops to help clients make informed decisions. With a focus on transparency, knowledge, and expertise, Commonwealth Financial Network stands apart as a top provider of investment management services. Clients can depend on the firm's highly skilled team to leverage their experience and provide them with tailored advice to achieve their financial goals. Whether a prospective client is an individual or a business, Commonwealth Financial Network is equipped to offer investment solutions to cater to its specific investment needs. As a broker-dealer firm, clients can trust that the firm provides independent and unbiased investment advice. Commonwealth Financial Network is committed to providing clients with comprehensive investment management services to enable them to make informed investment decisions.

Commonwealth Financial Network serves a diverse range of clients, including individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, state or municipal government entities, and other types of corporations not listed here. With such a wide range of clients, Commonwealth Financial Network is well-equipped to offer customized services that meet each client's unique financial needs. When it comes to fee structures, Commonwealth Financial Network offers a variety of options depending on the services being provided. One popular option is a percentage of assets under management (AUM), which allows clients to pay a fee based on the total value of the assets that are being managed. This can be a great option for high net worth individuals and larger institutional clients. For clients who prefer a more traditional fee structure, Commonwealth Financial Network also offers hourly billing and fixed fees. These options can be ideal for smaller clients who don't have as many assets to manage or who prefer a more predictable billing structure. Finally, Commonwealth Financial Network also offers commission-based pricing for certain services. This is common in the insurance and investment industries, where advisers are compensated based on the products that they sell. Whatever your financial needs may be, Commonwealth Financial Network is ready and willing to work with you to find the fee structure that works best for your unique situation.

Typical Clients, Fee Structures & Investment Minimum

According to Commonwealth Financial Network's Part 2 Brochure, there is no mention of an investment minimum. Therefore, it is unclear what the firm's investment minimum is, or if they have one at all.

How This Office Can Help New Milford, CT Residents

Commonwealth Financial Network provides personalized financial guidance and services to clients in New Milford, CT. The firm works with individuals, families, and small businesses to help them achieve their financial goals. They offer a wide range of services, including retirement planning, investment management, estate planning, tax planning, and more. Living in New Milford, CT, residents may face various financial situations, such as planning for retirement, saving for their children's education, managing debt, or navigating a sudden inheritance. This is where Commonwealth Financial Network comes in - their team of experienced advisors takes the time to understand each client's unique needs and provides customized solutions to help them meet their objectives. Whether it's developing a personalized investment portfolio, creating an estate plan, or reviewing insurance coverage, Commonwealth Financial Network is committed to helping clients in New Milford, CT achieve financial peace of mind.

To view the Minimum Investment and Fee Schedule for Commonwealth Financial Network, visit their Part 2 Brochure.

Services Offered by Commonwealth Financial Network

Core Advisor Services
Financial Planning

Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.

Portfolio Management for Individuals & Small Businesses

Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.

Market Timing Services

Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.

Other Services
Selection of Other Advisors

The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.

Publication of Periodicals or Newsletters

The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.

Educational Seminars & Workshops

The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.


Fee Structures

Financial advisory fees usually are based on the services provided. Fee types charged by Commonwealth Financial Network most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.

Available
Percentage of Assets Under Management (AUM)
Hourly
Fixed Fees (Other than subscription)
Commissions
Unavailable
Subscription (Newsletter or Periodical)
Performance-based Fees
Other

Types of Clients

*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.


This Office Location

Firm location 518 Monroe Turnpike # C, Monroe, CT 06468, USA
Phone (203) 261-3535
Directions
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Other Office Locations

Firm Headquarters
Firm headquarters location 29 SAWYER ROAD, WALTHAM, MA 02453-3483, United States

This firm has no other locations.

State Registrations

Commonwealth Financial Network is registered to service clients in the following states:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • District of Columbia
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Puerto Rico
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Virgin Islands

Disciplinary History

Commonwealth Financial Network does not have any disclosures. Please visit it's Form ADV for more details.