We are proud to partner with Commonwealth Financial Network®, the team behind our premium services.
Commonwealth is a Registered Investment Adviser–broker/dealer that helps independent advisors like us serve their clients. Its mission is to help clients live their best lives by delivering an indispensable advantage to the advisors with whom it works.
Commonwealth aims to make sure we—your advisors—are empowered to give you, the client, objective advice and to make recommendations based on your best interest, not ours. The culture Commonwealth has created since opening its doors in 1979, along with the dedicated,
friendly support it provides, are among the reasons we chose to partner with the firm—and why you can always expect to receive the prompt, attentive service you deserve. As of December 31, 2024, Commonwealth oversees total account assets of $344 billion.
Independent, Just Like Us
Commonwealth was founded on independence and is committed to act in the best interests of its financial advisors and their clients. Our partnership with Commonwealth supports our commitment to remain free to act in your best interest, without any pressure to promote proprietary products or strategies.
How Commonwealth Helps Us Help You
Commonwealth offers the scale, stability, and resources that help us deliver the solutions you need. It’s that infrastructure—and the always-expanding wealth of resources it provides—that makes it easier for our firm to provide you with the best possible guidance and the prompt, personal service you expect and deserve.
Choice.
Through Commonwealth, we have access to robust, independent market research, financial planning expertise, and a wide universe of investment options—from individual stocks and bonds to mutual funds, exchange-traded funds, alternative investments, managed accounts, and retirement plans.
Service.
The firm’s 2:1 advisor-to-staff ratio¹ means staff members answer our calls promptly, execute transactions quickly and accurately, and, in general, offer our firm the same highly personalized treatment we strive to give you.
¹As of 12/31/2024.
Technology.
Commonwealth’s technology platform is a critical component in our ability to keep you on track with your financial goals. Its integrated web-based systems allow us to more efficiently manage your portfolio and your overall financial life.
Security.
Commonwealth is committed to safeguarding your privacy and ensuring that your investment data remains secure. Its encryption standards, redundant data centers, and disaster recovery plans make us confident that the information our clients entrust us with will remain secure.
Subject-matter expertise.
We can take advantage of specialized teams at Commonwealth that serve as an extension of our office, providing guidance on everything from stocks to social security.
Continuing education.
Commonwealth offers us the opportunity to continually learn from industry peers as well as through Commonwealth conferences and events.
Choosing an independent financial advisor involves due diligence and trust
Here are common questions clients have about Commonwealth:
How can I be sure my assets are being protected?
Fidelity Investments® (Fidelity)³ provides clearing, custody, and other brokerage services to Commonwealth through National Financial Services LLC (NFS). Like Commonwealth, NFS is an industry leader with a long and stable history of customer service excellence. We have the utmost confidence in the proficiency with which NFS handles every trade, statement, report, and myriad other transactions for millions of clients—and we believe you can, too.
Commonwealth and NFS are members of the Securities Investor Protection Corporation (SIPC), the nonprofit agency whose primary role is to restore investors’ funds in the event the broker/dealer holding their assets fails financially. As an extra measure to safeguard your assets, NFS supplements its SIPC coverage with additional protection for cash and covered securities, together with other insurers, for the highest level of excess SIPC coverage currently available.
NFS is a leading clearing firm and is subject to the rules and regulations of the SEC, the New York Stock Exchange (NYSE), FINRA, and other principal exchanges of which it is a member.
Can you tell me more about Commonwealth’s relationship with NFS?
Commonwealth believes it can deliver substantial benefits from the important service relationship it maintains with NFS. Knowing that every investor’s account is being serviced with the commitment and resources of an industry leader allows advisors to focus on what they do best: providing the personalized guidance and comprehensive investment services you need to reach your goals.
NFS’s reputation for delivering quality products and services is made available to you through Commonwealth and your investment professional.
Together with NFS, we offer you these benefits:
- The experience of an industry leader
- Complete investment reporting on one easy-to-read, consolidated statement
- Checkwriting, with detail on the same statement
- Comprehensive tax reporting form (1099) for all investments
- Asset management accounts
- A range of retirement program options, including Premiere Select® IRAs, SIMPLE IRAs, Roth IRAs, profit-sharing and money purchase plans, and SEP IRAs
- Thousands of well-known class shares, including Fidelity Investments
Is insurance provided to protect me?
Commonwealth and NFS are members of the SIPC, a federal nonprofit corporation that protects customer assets in the unlikely event a member broker/dealer fails to meet its financial obligations. SIPC protection does not cover investment losses caused by a decline in market value.
The Securities Investor Protection Corporation (SIPC) is a nonprofit organization that protects stocks, bonds, and other securities in case a brokerage firm goes bankrupt, and assets are missing. The SIPC will cover up to $500,000 in securities, including a $250,000 limit for cash held in a brokerage account. All Fidelity brokerage accounts are covered by SIPC. This includes money market funds held in a brokerage account since they are considered securities. Learn more about SIPC coverage at www.sipc.org or call 202.371.8300.
In addition to SIPC protection, Fidelity provides its brokerage customers with additional “excess of SIPC” coverage. The excess coverage would only be used when SIPC coverage is exhausted. Like SIPC, excess protection does not cover investment losses in customer accounts due to market fluctuation. It also does not cover other claims for losses incurred while broker-dealers remain in business. For example, fraud claims would not be covered if the brokerage firm was still in operation. Total aggregate excess of SIPC coverage available through Fidelity’s excess of SIPC policy is $1 billion. Within Fidelity’s excess of SIPC coverage, there is no per-customer dollar limit on coverage of securities, but there is a per customer limit of $1.9 million on coverage of cash awaiting investment. This is the maximum excess of SIPC protection currently available in the brokerage industry.
Both SIPC and excess of SIPC coverage are limited to securities held in brokerage positions, including mutual funds if held in your brokerage account and securities held in book entry form.
³Fidelity Investments® (Fidelity) is an independent company unaffiliated with Commonwealth Financial Network (Commonwealth). Fidelity is a service provider to Commonwealth. There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and Fidelity, nor is such a relationship created or implied by the information herein. Fidelity is a registered service mark of FMR LLC. Fidelity provides clearing, custody, or other brokerage services through National Financial Services LLC or Fidelity Brokerage Services LLC, Members NYSE, SIPC. 1173828.1.0
Committed to Helping Those in Need
Commonwealth’s commitment to service doesn’t end with its advisors and their clients. For more than four decades, the firm has been dedicated to serving the communities where its employees and affiliated advisors work, live, and visit. Its charitable foundation, Commonwealth Cares, works to provide contributions of time, talent, and financial support to a wide range of philanthropic causes. That kind of dedication to the greater good is just one more reason we’re proud to be affiliated with Commonwealth.
If You’d Like to Know More . . .
We’d be glad to talk with you further or answer any questions you may have about our affiliation with Commonwealth. Just ask!