Commonwealth Nabs Teams from LPL and Ameriprise
Commonwealth Financial Network, the nation’s largest privately held registered investment adviser and independent broker-dealer, has recruited two teams, one from LPL Financial and one from Ameriprise Financial Services, that have a combined $462 million in assets under management.
Commonwealth Financial Network, the nation’s largest privately held registered investment adviser and independent broker-dealer, has recruited two teams, one from LPL Financial and one from Ameriprise Financial Services, that have a combined $462 million in assets under management.
Commonwealth has recruited comprehensive wealth management firm Endeavor Wealth Advisory Group of Rochester, New York to its network of independent financial advisors. The group affiliated with Ameriprise for more than 20 years, and includes private wealth advisors John Moose, David Zambito, David Palermo, and Nathan Wegman. The team has more than $282 million in assets under management.
Another group, TL Financial Group of Southgate, Michigan, was formerly affiliated with LPL Financial and brings more than $180 million in assets under management to Commonwealth. The team is led by president and owner Tony LaJeunesse and includes wealth management advisors Michelle LaFuente and Erin Wozniak. TL Financial Group provides comprehensive financial planning and offers tax planning, estate planning, and investment planning.
Founded in 1979, Commonwealth Financial Network has headquarters in Waltham, Massachusetts, and San Diego, California. The firm supports approximately 1,800 independent financial advisors nationwide.
