Commonwealth Financial Network
(our independent Broker-Dealer)
Commonwealth Financial Network is the largest, privately held independent broker-dealer in the nation.
A broker-dealer is in charge of processing the investment business of the financial professionals who affiliate with it. These professionals (also called advisors) are independent business owners who provide financial guidance to corporations and individuals. Because the securities industry is heavily regulated, representatives can only have one broker/dealer to ensure that there is an established, clear chain of responsibility.
Commonwealth Financial Network is a Registered Investment Advisor allowing us to provide our independent fiduciary advisory services as Investment Advisor Representatives through Commonwealth’s RIA. This provides you with unbiased and objective advice, a co-fiduciary status, and the strength and support of an independent, national broker/dealer.
Commonwealth’s back-office of over 550 professionals provides systems and support to ensure we remain abreast of and compliant with securities laws, regulatory changes, and licensing requirements. Additionally, their experience and expertise around specific niches in the financial industry provide resources for us to utilize and leverage on behalf of our clients.
Retirement Plan Advisory Group
A professional alliance unmatched in the business.
We are also a member firm of Retirement Plan Advisory Group (RPAG), a national alliance of accomplished advisors that demand and deliver a higher-level of strategies, systems, and services to qualified and non-qualified plan clients.
With over $85 billion of assets under advisement, Retirement Plan Advisory Group is one of the largest independent retirement plan consulting firms in America.
Our plan sponsors rank within the Fortune 1000, mid-market and emerging growth companies – publicly, privately and closely held – from medical, technology and food to manufacturing, professional services, entertainment/arts, and beyond.
We’ve built an industry standard by serving our clients’ demands for a higher level of effectiveness in qualified or non-qualified plans. Efficient solutions that are driven by full accountability – that’s how we protect plan sponsors from fiduciary liability, while guiding participants to reach their retirement goals, which is why plan sponsors consistently report positive outcomes.
The Center for Fiduciary Studies (fi360)
Our firm complements its internal fiduciary best practices and fiduciary compliance processes with tools and procedures developed by The Center for Fiduciary Studies.
As an industry leader in investment fiduciary services, The Center for Fiduciary Studies (Fi360) offers a full-circle approach to investment fiduciary education, practice management, and support, establishing them as the go-to source for investment fiduciary insights. Some facts about The Center for Fiduciary Studies:
- Established to develop and advance practice standards of care for investment fiduciaries and advisors to effectively manage their roles as fiduciaries.
- Provides training programs for investment fiduciaries and offers the distinguished AIF® designation.
- An independent firm, with no affiliation or ties to financial institutions or the investment community.
Allianz Global Investors Center for Behavioral Finance
The Allianz Global Investors Center for Behavioral Finance has developed a unique certification program for a select group of financial advisors and retirement specialists. The program will teach the behavioral principles underlying the PlanSuccess System and how to translate them into behavioral solutions to improve defined contribution plans. Upon completing the program and passing the exam, candidates will have access to the complete PlanSuccess System and be certified to conduct Behavioral Audits to help their existing and prospective clients achieve more successful plans.
What Is PlanSuccess?
The PlanSuccess System is grounded in cutting-edge academic research combined with significant input from retirement professionals. This system introduces the human element into financial decision-making to create a new approach to understanding the dynamics of a defined contribution plan and to improve its behavioral health. The system includes an online Behavioral Audit Tool to evaluate the plan, a set of behavioral solutions from our Behavioral Toolbox and a methodology to measure the impact of PlanSuccess year after year.