What Does a Broker/Dealer Do?
A broker/dealer processes investment transactions and is, essentially, the back office for the practice.
Rob chose Commonwealth Financial Network as his broker/dealer for four major reasons:
1. Commonwealth's independent business model helps to serve you better.
Commonwealth has been privately owned and managed for more than 35 years. They are well capitalized, with no outside business interests. Their sole focus is on advisors and clients, and management allocates resources according to those needs. We're delighted to report that Commonwealth Financial Network® was ranked “Highest in Independent Advisor Satisfaction Among Financial Investment Firms” in the J.D. Power 2018 Financial Advisor Satisfaction Study.* This is the fifth-straight time they have been recognized, and we're honored to be associated with a firm that continues to receive such well-deserved recognition.
2. Commonwealth offers a choice of investment products to match your strategy.
Investment products Include:
- Mutual Funds
- UITs, REITs
- Managed Investments
- Retirement Plans
- Limited Partnerships
- Fixed and Variable Annuities
- Life and Long-Term Care Insurance
- CDs and Money Market Accounts
- Separately Managed Accounts
- Alternative Investments
3. Commonwealth helps Yellowstone Financial Services be even more efficient.
Commonwealth offers efficiencies and management assistance in the following areas:
- “Practice Management” business consulting
- Regulatory guidance
4. Commonwealth is a first-class organization.
Commonwealth is selective with whom they partner and have been setting the standard since 1979.
They have been named the top broker/dealer in its division by Investment Advisor magazine 10 times!
Commonwealth has also received “Best Place to Work” awards.**
Why You May Not Know the Commonwealth Name
You may not have heard of Commonwealth and by now you may be asking yourself, “why?” Well, Commonwealth's clients are financial professionals like Rob, so they don't advertise to investors. However, they do have high awareness and top ratings among advisors like Rob.
Partnership for Success
This partnership for between Commonwealth and Yellowstone Financial Services translates into a partnership for success between our clients and our firm.
*Commonwealth Financial Network® received the highest numerical score in the independent advisor segment in the proprietary J.D. Power 2010, 2012, 2013, 2014, and 2018 Financial Advisor Satisfaction Studies.SM The 2018 study is based on 3,227 total responses and measures overall financial advisor satisfaction among advisors registered with the Financial Industry Regulatory Authority (FINRA) investment firms. Proprietary study results are based on experiences and perceptions of financial advisors surveyed in January–April 2018. Your experiences may vary. Visit jdpower.com/awards.
**Investment Advisor has named Commonwealth the top broker/dealer in its division an unprecedented 10 times: in 1991, 1992, 1994, 1996, 1997, 1998, 1999, 2001, 2002, and 2005. This is based on financial advisors rating their own broker/dealers.