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Commonwealth Financial Network

WALTHAM, MA

CRD: 8032

In PWD coverage since August 14, 2026 · 14 stories

$213BRegulatory AUMSEC Form ADV · Aug 15

4,200EmployeesForm ADV

-7Talent net · 12 months0 in · 7 out

Talent flow · 12 monthsOn the wire →

Net -7 · 0 arrivals · 7 departures

Aug 16 · team liftout

Aug 16 · team liftout

Aug 16 · team liftout

Aug 16 · team liftout

Advisor

Aug 13 · team liftout

Advisor

Aug 13 · team liftout

Arrivals

None tracked.

Departures

Aug 16 · to Cetera (Summit Financial Networks)

Aug 16 · to Cetera Financial Group (Summit Financial Networks)

Aug 16 · to Cetera (Summit Financial Networks)

Aug 14 · to Merit Financial Advisors

Sean Montgomery

Aug 14 · to Merit Financial Advisors

Jim Tucker and Patrick Bria

Aug 14 · to Cetera Financial Group

PWD coverage

the_wrap

The IBD talent war opens a wirehouse front

Cetera pulled two groups from Commonwealth and Raymond James took a team from Wells Fargo on the same Monday. The fight for independent advisors now runs on two fronts.

Moves · Aug 19LPL, Cetera, Raymond James, NewEdge add advisor teams

move · Aug 18LPL's road to 90% retention runs through smaller Commonwealth books

Moves · Aug 18Conte Wealth moves $1.4 billion from Cambridge to LPL

the_wrap · Aug 17Independent broker-dealers lose three teams in one day

Moves · Aug 17UBS pulls three Morgan Stanley teams in one week

Data · Aug 17Raymond James presses a two-front talent war, from advisors to custody

Moves · Aug 17Cetera lands a $420 million Commonwealth duo in Durham

Data · Aug 1659 moves, one new office

RIA · Aug 14Cetera Recruits $420M Duo From Commonwealth

Deals & PE · Aug 14Cetera, Hightower, IFP, LPL, UBS Add Advisor Teams

M&A · Aug 14Merit Buys $900M Former Commonwealth RIA Bridgeway Group

M&A · Aug 14Merit Adds $900M Commonwealth Team, Sixth Since LPL Deal

M&A · Aug 14Merit Financial acquires $900M Bridgeway Group