Commonwealth Wins WealthManagement.com Industry Award for Transition Support
Firm is recognized for innovative Virtual Transition Support program for onboarding newly independent firms.
Waltham, MA (September 27, 2022)—Commonwealth Financial Network®, a national firm dedicated to providing financial advisors with holistic, integrated business solutions, announces its win of a WealthManagement.com 2022 Industry Award* in the Transition Support category. Judges awarded Commonwealth for its Virtual Transition Support (VTS) offering, which provides newly independent firms with operational assistance for transferring clients.
Advisors rely on Commonwealth’s VTS option to ensure a smooth and efficient transition to independence. The firm’s team of specialists takes on tasks ranging from gathering client information and opening accounts to completing transfer paperwork and facilitating client signatures. The team also streamlines the onboarding process for advisors and affords them more time to focus on their clients. For more on how advisors can transition their way, visit https://www.commonwealth.com/advisor-advantage/transition-your-way.
We attribute this award to our dedicated team of specialists, whose mission is to take on the heavy lifting while ensuring precision during a time of great change for advisors joining our community.
Nancy DiBattista, senior vice president, transition, said “We’re honored to be recognized by our industry for excellence in transition support. We attribute this award to our dedicated team of specialists, whose mission is to take on the heavy lifting while ensuring precision during a time of great change for advisors joining our community.”
“The WealthManagement.com Industry Awards allow us to recognize the creativity, success, and excellence of firms like Commonwealth that serve the financial advisor community,” said David Armstrong, editor-in-chief of WealthManagement.com. Now in its eighth year, the WealthManagement.com Industry Awards honor outstanding achievements by companies, organizations, and individuals who support the success of financial advisors. Winners are selected based on quantitative measures of their initiatives—including scope, scale, adoption, and feature set—along with qualitative measures, such as innovation, creativity, and new methods of delivery. WealthManagement.com has published a full list of winners here.
*2022 Transition Support (Broker-Dealers 1,000 Advisors or More), created by WealthManagement.com, presented in September 2022 based on data collected in the last two years. 350 companies submitted 1,000 total submissions to five categories. Two companies total were named in the Transition Support category. Not indicative of the firm’s future performance. Your experience may vary. Click here for more award information.
About Commonwealth Financial Network®
Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides financial advisors with holistic, integrated solutions that support business evolution, growth acceleration, and operational efficiency. J.D. Power ranks Commonwealth Financial Network “#1 in Independent Advisor Satisfaction Among Financial Investment Firms, Nine Times in a Row.” Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California. Learn more about how Commonwealth partners with more than 2,000 independent financial advisors nationwide by visiting www.commonwealth.com.
Commonwealth received the highest score among independent advisors in the J.D. Power 2010, 2012, 2013, 2014, and 2018‒2022 U.S. Financial Advisor Satisfaction Studies. Presented on July 6, 2022, for January to May 2022, and based on responses from 3,039 advisors employed by or affiliated with the firms included in the study. Not indicative of the firm's future performance. Your experience may vary. Use of study results in promotional materials is subject to a license fee. Visit jdpower.com/awards for more details.
