AdvisorRanked
46
Multiple Red Flags

COMMONWEALTH FINANCIAL NETWORK

275 WYMAN STREET, WALTHAM, MA 02451-1200
commissionSEC Registered
781-736-0700 giphy.com/channel/CommonwealthFN CRD #8032
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$212.7B
Assets Managed
2,650
Clients
4200
Employees
34
Years Active
since 1992

Compensation Model

% of Assets (AUM)
Hourly Fees
Fixed / Flat Fees
Commissions
Performance Fees

Compensation type disclosed on SEC Form ADV Item 5C. Filed 46161. Specific fee percentages are available in this firm's Form ADV Part 2A brochure at adviserinfo.sec.gov.

Conflict of Interest Analysis

Broker-Dealer Affiliated: Yes

This firm is affiliated with a broker-dealer, which means they may earn commissions on product sales — creating a potential conflict between their revenue and your best interest.

Insurance Licensed: No

Not insurance licensed. Cannot sell you annuity or insurance products directly.

Custody of Client Assets: Yes

This firm has direct custody of client assets, rather than using an independent custodian. This is a higher-risk arrangement that requires additional regulatory safeguards.

Proprietary Products: No

Uses only third-party investment products. No proprietary product conflicts.

Regulatory & Disciplinary History

complaint46161

2 regulatory action(s), 3 customer complaint(s)/arbitration(s) disclosed on Form ADV Item 11.

Resolved

Total complaints on record: 3

Complaint ratio: 0.11 per 100 clients

Industry average is approximately 0.15 complaints per 100 clients. A ratio above 0.30 is considered elevated.

Firm Details

Legal NameCOMMONWEALTH FINANCIAL NETWORK
CRD Number#8032
SEC RegisteredYes
Registration Date1992-06-11
States RegisteredMA
Assets Under Management$212.7B
Number of Clients2,650
Employees4200
Compensation Typecommission
Last ADV Filing46161

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Frequently Asked Questions

Is COMMONWEALTH FINANCIAL NETWORK a fiduciary?

No. COMMONWEALTH FINANCIAL NETWORK is not registered as an RIA and is not legally bound by the fiduciary standard.

How does COMMONWEALTH FINANCIAL NETWORK charge clients?

COMMONWEALTH FINANCIAL NETWORK uses a commission compensation model. They also earn commissions on product sales, which may create conflicts of interest. Full fee details are in their Form ADV Part 2A brochure at adviserinfo.sec.gov.

Does COMMONWEALTH FINANCIAL NETWORK have any complaints?

Yes. COMMONWEALTH FINANCIAL NETWORK has 3 complaint(s) on record. Their complaint ratio is 0.11 per 100 clients (industry average: ~0.15).

How does COMMONWEALTH FINANCIAL NETWORK compare to other advisors in WALTHAM?

COMMONWEALTH FINANCIAL NETWORK has a Red Flag Score of 46/100. There are 17 registered advisory firms in WALTHAM. Use our city page to compare firms side by side.

Where does this data come from?

All information is sourced from SEC Form ADV public filings (mandatory regulatory disclosures) and FINRA BrokerCheck records. Last updated: 2026-06-24. We do not accept payment from financial advisors.

Data source: SEC Form ADV (Parts 1 and 2A) filed with the Investment Adviser Registration Depository (IARD). Filing date: 46161. Last data refresh: 2026-06-24. AdvisorRanked does not verify the accuracy of SEC filings. This is not financial advice.