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Commonwealth Equity Services Overview

The largest privately held RIA-independent broker/dealer ranking highest in advisor satisfaction. We are the RIA-B/D that puts you first.
The staff at Commonwealth Equity Services come from unusually diverse demographic backgrounds. The company is 42.7% female and 34.4% ethnic minorities. Commonwealth Equity Services employees are more likely to be members of the Democratic Party than the Republican Party, with 64.0% of employees identifying as members of the Democratic Party. But those numbers could change quickly because the turnover rate at Commonwealth Equity Services is relatively high. Employees at Commonwealth Equity Services stay with the company for an average of 2.8 years before leaving. The average employee at Commonwealth Equity Services makes $56,220 per year. Pay at Commonwealth Equity Services is significantly lower than some of its highest paying competitors, like Everest Holdings, Industrial Risk Insurers, and Penn Mutual, which pay $76,367, $70,650, and $69,245, respectively.
Based in Massachusetts, Commonwealth Equity Services is a medium-sized insurance company with 797 employees and a revenue of $176.2M.

The Organization’s Mission

We will passionately promote quality and community. We strive to be the best at everything we do while providing a supportive culture where everyone can thrive.

Industry

Insurance

Revenue

$176.2M

Employees

797

Founded in

1979

Headquarters

Waltham, MA

Website

www.commonwealth.com

Organization Type

Private

Is This Your Company?

The Team At Commonwealth Equity Services

The Culture At Commonwealth Equity Services

Information provided by the company
A passion for providing indispensable customer service
We want everyone in the Commonwealth community to bring his or her unique background and perspective to the table.
Do you have a knack for customer service and a passion for financial services
A passion for maintaining and further cultivating high-touch, high-culture workplaces

What do people say about Commonwealth Equity Services

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Commonwealth Equity Services Rankings

Commonwealth Equity Services is ranked #96 on the Best Companies to Work For in Massachusetts list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

Read more about how we rank companies.

Commonwealth Equity Services Salaries

How much does Commonwealth Equity Services pay?
The national average salary for a Commonwealth Equity Services employee in the United States is $56,220 per year. Employees in the top 10 percent can make over $100,000 per year, while employees at the bottom 10 percent earn less than $31,000 per year.
9.3
Salary Score
Average Employee Earnings

Commonwealth Equity Services Salaries By Job Title

While the average employee salary at Commonwealth Equity Services is $56,220, there is a big variation in pay depending on the role. Some of the job titles with high salaries at Commonwealth Equity Services are trader, wealth management internship, senior software engineer, and finance advisor. A worker with the title trader salary at Commonwealth Equity Services can earn an average yearly salary of $112,793. To get a better sense of the salaries at Commonwealth Equity Services, other roles such as receptionist and customer service representative can be considered as well. For comparison, the title receptionist at Commonwealth Equity Services earns $20,839 per year.
Title
Average Salary
Trader
Salary Range91k - 138k$113k$112,793
Wealth Management Internship
Salary Range89k - 119k$103k$103,302
Senior Software Engineer
Salary Range92k - 111k$102k$101,917
Finance Advisor
Salary Range79k - 113k$95k$95,321
Investment Advisor
Salary Range73k - 100k$86k$85,816
Senior .NET Developer
Salary Range76k - 94k$85k$85,316
Deployment Engineer
Salary Range75k - 88k$82k$81,765
Software Developer
Salary Range69k - 91k$80k$80,065
Account Manager
Salary Range64k - 99k$80k$79,966
Team Leader
Salary Range65k - 93k$79k$78,608
$45k
$138k

Commonwealth Equity Services Careers

On average, employees at Commonwealth Equity Services stay with the company for 2.8 years. Employees most commonly join Commonwealth Equity Services after leaving Fidelity Investments. When they leave Commonwealth Equity Services, they most frequently get their next job at The Hartford.

Top Employers Before Commonwealth Equity Services

Top Employers After Commonwealth Equity Services

MetLife
7.9 %

Commonwealth Equity Services Employee Demographics

9.6
Diversity Score
We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce.

Commonwealth Equity Services Employees Education

Of the 797 employees at Commonwealth Equity Services, 17.5% attended Northeastern University. Employees at Commonwealth Equity Services most frequently majored in Business, and most employees’ highest level of education is a Bachelors.

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Commonwealth Equity Services Financial Performance

9.0
Performance Score
We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance.

Revenue

$100M - $1B

Founded in

1979

Organization type

Private

How Would You Rate The Company Culture Of Commonwealth Equity Services?

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Commonwealth Equity Services Competitors

Competitors of Commonwealth Equity Services include Everest Holdings, Industrial Risk Insurers, and Penn Mutual. Employees at Everest Holdings earn more than most of the competition, with an average yearly salary of $76,367. Employees at Industrial Risk Insurers earn an average of $70,650 per year, and the employees at Penn Mutual earn an average salary of $69,245 per year.
Company
Average Salary
Everest Holdings
Salary Range62k - 92k$76k$76,367

Industrial Risk Insurers

Salary Range52k - 95k$71k$70,650
Penn Mutual
Salary Range49k - 96k$69k$69,245
The Plymouth Rock Company
Salary Range52k - 89k$69k$68,536
PMA Companies
Salary Range51k - 90k$68k$67,955
National Life Group
Salary Range45k - 87k$63k$62,971
John Hancock Life Insurance Company
Salary Range44k - 85k$62k$61,768

Cadaret, Grant & Co

Salary Range44k - 85k$62k$61,504

Midland National Life Insurance Company

Salary Range44k - 81k$61k$60,614
The Brokerage
Salary Range38k - 87k$58k$58,209
$23k
$96k

Frequently Asked Questions about Commonwealth Equity Services

When was Commonwealth Equity Services founded?

Commonwealth Equity Services was founded in 1979.

How many Employees does Commonwealth Equity Services have?

Commonwealth Equity Services has 797 employees.

How much money does Commonwealth Equity Services make?

Commonwealth Equity Services generates $176.2M in revenue.

What industry is Commonwealth Equity Services in?

Commonwealth Equity Services is in the insurance industry.

What is Commonwealth Equity Services's mission?

Commonwealth Equity Services's mission statement is "We will passionately promote quality and community. We strive to be the best at everything we do while providing a supportive culture where everyone can thrive."

What type of company is Commonwealth Equity Services?

Commonwealth Equity Services is a private company.

Who are Commonwealth Equity Services's competitors?

Commonwealth Equity Services competitors include Transamerica Corporation, Industrial Risk Insurers, Cadaret, Grant & Co, Penn Mutual, Midland National Life Insurance Company, The Plymouth Rock Company, American Enterprise Mutual Holding Company, PMA Companies, Phoenix Insurance Group, The Paul Revere Life Insurance Company, John Hancock Life Insurance Company, Cross Insurance, Great American Insurance Company, National Life Group, The Brokerage, Universal Group, Group Benefit Solutions, American Heritage Life Insurance Company, IPFS, Everest Holdings.

Where is Commonwealth Equity Services's headquarters?

Commonwealth Equity Services's headquarters is in Waltham, MA.

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Updated December 31, 2020

Zippia gives an in-depth look into the details of Commonwealth Equity Services, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Commonwealth Equity Services. The employee data is based on information from people who have self-reported their past or current employments at Commonwealth Equity Services. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions, or for the results obtained from the use of this information. The data presented on this page does not represent the view of Commonwealth Equity Services and its employees or that of Zippia.

Commonwealth Equity Services may also be known as or be related to COMMONWEALTH EQUITY SERV LLC, Commonwealth Equity Services Inc, Commonwealth Equity Services, LLC and Commonwealth Financial Network.