WALTHAM, Mass.--(BUSINESS WIRE)--For the fifth time running, J.D. Power ranks Commonwealth Financial Network® highest in the independent advisor segment of its 2018 U.S. Financial Advisor Satisfaction StudySM.
In the study, Commonwealth received its highest ever overall satisfaction score of 955 on a 1,000-point scale, compared with an industry average of 753, and outpaced the next-highest-ranked firm by 90 points. Commonwealth’s 955 score equates to “among the best” in the JDPower.com Power Circle RatingsTM on JDPower.com.
Commonwealth achieved the highest score in six of the seven key drivers of advisor satisfaction— firm leadership, compensation, operational support, professional development support, technology support, and client support.
“To be the highest-ranked firm in the independent channel five times is an incredible honor and tremendously gratifying,” said Commonwealth CEO Wayne Bloom. “It tells us we are achieving our number-one goal of providing the indispensable service and complete freedom our advisors need to operate their fee-only or dually registered businesses.”
Bloom continued, “We owe our consistent strong performance to our amazingly talented financial advisors—we are so grateful for their partnership and active participation in helping us improve. We also believe that remaining privately held for nearly 40 years has played no small part in our—and their—success. Because we’re not beholden to shareholders or stock prices, we can focus exclusively on the needs of our advisors and the clients they serve. To again hear from our advisors that we continue to make such a difference in their lives . . . well, it’s what all of us in the home office come to work for every day.”
About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, is the nation’s largest privately held Registered Investment Adviser–independent broker/dealer, with headquarters in Waltham, Massachusetts, and San Diego, California. The firm supports approximately 1,800 independent financial advisors nationwide. For more information, please visit www.commonwealth.com.