Terramar Wealth Joins Commonwealth to Focus on Quality
Undergoing its only affiliation change in 22 years, the firm will serve as an OSJ.
Waltham, MA (June 25, 2024)—Commonwealth Financial Network®, a national firm dedicated to providing financial advisors with holistic, integrated business solutions, announces that Terramar Wealth of Carlsbad, California, has joined its network of independent financial advisors. Formerly with Osaic, the team reported serving more than $300 million in client assets*. Advisors include Mike Gallop, CFP®, AIF®, Danny McMahon, Steve Statzer, Steve Rubinstein, Greg Fox, Jeffrey Gardner, and Todd Oberlin, and are joined by Pat Posada, director of compliance.
The Terramar Wealth team, which spans three generations, has built its business on emphasizing strong client relationships. The firm was an Office of Supervisory Jurisdiction (OSJ) affiliate of SagePoint Financial for more than two decades and has been appointed to serve as an OSJ as a Commonwealth affiliate. The team helps clients achieve financial balance through comprehensive financial planning, customized investment portfolios, and guidance on Medicare, social security, and other long-term care considerations. For more information about Terramar Wealth, visit https://www.terramarwealth.com/.
Having experienced and knowledgeable people at the other end of the phone, along with an attractive ratio of advisors to home office staff, eliminates problems and delays. That makes a substantial impact on efficiency in our day-to-day work serving clients.
“We’re honored that Terramar Wealth chose Commonwealth for its only affiliation change in 22 years as it charts a growth trajectory that includes deepening services to high-net-worth clients,” said Becca Hajjar, managing principal and chief business development officer. “We are confident our tools and support will help Terramar Wealth advisors bring greater ease and efficiency to client service while also helping them meet their growth objectives.”
“As we considered changing partner firms, our main focus was quality,” said Mike Gallop, wealth advisor and principal. “Every interaction we’ve had with the Commonwealth home office team has been positive. That goes far beyond leadership and recruiters. Having experienced and knowledgeable people at the other end of the phone, along with an attractive ratio of advisors to home office staff, eliminates problems and delays. That makes a substantial impact on efficiency in our day-to-day work serving clients.”
During their home office visit to Commonwealth’s San Diego headquarters, the advisors experienced a pivotal moment. “Our home office visit validated that until you seek change, you only know what you know,” said Gallop. “When we completed that visit, we were excited for the future, seeing what Commonwealth could offer from day one across integrated technology, enhanced customer service, and greater access to research.”
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 “#1 in Independent Advisor Satisfaction Among Financial Investment Firms, 10 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 approximately 2,200 independent financial advisors overseeing more than $296 billion** in assets nationwide by visiting www.commonwealth.com.
Commonwealth received the highest score among independent advisors in the J.D. Power 2010, 2012, 2013, 2014, and 2018‒2023 U.S. Financial Advisor Satisfaction Studies. Presented on July 5, 2023, for December 2022 to April 2023, it is based on responses from 4,183 advisors employed by or affiliated with the firms included in the study. Not indicative of the firm’s future performance. Your experience may vary. Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee. Visit jdpower.com/awards for more details.
* Client assets as of 03/28/2024
** As of 12/31/2023
