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Commonwealth Financial Network history
Commonwealth Financial Network company history timeline
We've been committed to quality and community since our founding in 1979.
Commonwealth opened its doors in 1979 as a small Massachusetts broker/dealer with big aspirations.
In 1991, Commonwealth won its first Broker/Dealer of the Year award from Investment Advisor magazine—a recognition we've been honored to receive 10 times2.
Peter Wheeler and Joe Deitch, 1992
The acquisition of Kavanaugh Securities in 1992 established our national presence.
In 1998, our revenue surpassed the $100 million mark.
In 2015, Commonwealth surpassed the $100 billion mark in total account assets and reached the $1 billion mark in annual revenue.
In 2017, Commonwealth was honored with the Invest in Others Corporate Philanthropy Award—Financial Institutions for our grassroots initiative, Chemo Caps for Kids.
In 2018, Kol Birke, Trap Kloman, and Brad McMillan were welcomed as managing partners, spreading Commonwealth's ownership among 13 dedicated, tenured industry experts and strengthening our management ranks for years to come.
In 2019, Trap Kloman assumed the dual role of president and chief operating officer.
In 2020, in response to the COVID-19 crisis in the United States, Commonwealth Cares, a 501(c)(3) charity operated by Commonwealth, donated $50,000 to the New England Patriots Foundation to help secure personal protective equipment and medical supplies for local health care workers.
In 2020, Greg Gohr and Paul Tolley become Commonwealth's newest managing partners, adding decades of wealth management and compliance expertise to Commonwealth's ownership team of 12 partners and 3 partners emeritus.
©2022 Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser.
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Commonwealth Financial Network competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Access Bank | - | $298.0M | 28,121 | - |
| Western Mutual Insurance Group | 1942 | $9.9M | 68 | 6 |
| Fireman's Fund Insurance Company | 1863 | $723.0M | 2,000 | - |
| Alexandria Real Estate Equities | 1994 | $3.1B | 335 | 31 |
| Stifel Financial | 1890 | $49.8M | 7,100 | 136 |
| Signator Investors, Inc. | 1986 | $740,000 | 6 | - |
| SagePoint Financial | 1970 | $2.2M | 16 | - |
| Raymond James Financial | 1962 | $1.7B | 18,910 | 880 |
| Ameriprise Financial | 1894 | $17.9B | 12,300 | 183 |
| Virtus Partners | 2005 | $906.9M | 577 | 23 |
Commonwealth Financial Network history FAQs
Zippia gives an in-depth look into the details of Commonwealth Financial Network, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Commonwealth Financial Network. The employee data is based on information from people who have self-reported their past or current employments at Commonwealth Financial Network. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. 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. None of the information on this page has been provided or approved by Commonwealth Financial Network. The data presented on this page does not represent the view of Commonwealth Financial Network and its employees or that of Zippia.
Commonwealth Financial Network may also be known as or be related to COMMONWEALTH EQUITY SERVICES INC., Commonwealth Equity Services Inc, Commonwealth Equity Services, LLC and Commonwealth Financial Network.