Commonwealth Financial Network Announces New Advisor Affiliation Models: You Can Be A Fee-Only RIA And Leverage The BD's Services

Friday, May 31, 2013 10:59
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 Commonwealth Financial Network Announces New Advisor Affiliation Models: You Can Be A Fee-Only RIA And  Leverage The BD's Services

Tags: broker-dealers | registered reps | RIAs

Commonwealth Financial Network, which has 1,450 independdnent registered reps using its BD facilties, is now opening up up to RIAs and investment advisor reps.

This Website Is For Financial Professionals Only


According to a press release, the BD will now let you elverage Commonwealth's "fully integrated technology, practice management consulting, research, compliance support, and indispensable service."

 

While I don't see established RIAs and IA reps moving into an arrangement like this, it could be a smart way for BDs to keep a relationship with an advisor transitioning to a fee-only business model. What do you think?

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