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Commonwealth Financial Network

WALTHAM, MA

CRD: 8032

In network coverage since September 16, 2026 · 16+ stories

$213BRegulatory AUMSEC Form ADV · Oct 3

4,200EmployeesForm ADV

-10Talent net · 12 months0 in · 10 out

Regulatory AUM · Aug 16 – Oct 3

Observed recruiting events · 12 monthsOn the wire →

Net -10 · 0 incoming events · 10 outgoing events

Arrivals

None tracked.

Departures

Sean Montgomery, Scott Miller, Matt Dupon

Aug 12 · to Merit Financial Advisors

Aug 13 · to Summit Financial Networks

Tucker Bria Wealth Strategies

Aug 13 · to Summit Financial Networks

Severn Wealth Management

Aug 27 · to Cetera Financial Group

Six wealth management teams

Aug 27 · to New RIA

Sep 11 · to &Partners

Network coverage

Moves

Cetera recruits Commonwealth advisor Cynthia Doussard, $235M AUA

The Burlington, Wash. advisor and three staff members join Cetera's Summit Financial Networks; her practice focuses on retirement income planning.

the_wrap · Oct 5Cetera and LPL add teams from Commonwealth and Cambridge on the same day

the_wrap · Oct 5Three advisor teams land at Cetera, LPL and Wells Fargo FiNet

the_wrap · Oct 5Five breakaway teams land on independent platforms; Fitzgerald Financial discloses $185 million

the_wrap · Oct 5FiNet, Cetera, LPL, Kestra and Carson add five multi-adviser teams on Oct. 5

the_tape · Oct 5Cetera, LPL, Kestra, Carson and Wells Fargo lift teams in one day

Moves · Oct 1Cullman/Holt Group, a seven-person UBS team with $1.3 billion, joins Wells Fargo FiNet in Ohio

The Close · Sep 25The scarce input in consolidation is now the executive bench

advisor_note · Sep 25Ameriprise’s retention check is now a recruiting benchmark

Moves · Sep 24Raymond James runs both channels against the Commonwealth clock

exit · Sep 22Buyers still pay up. They want the file first

move · Sep 21Merit's $888 million Commonwealth hire was paid partly in equity

The Close · Sep 20The talent war's next front is inside the recordkeeper

Features · Sep 18The $83 trillion transfer is now a family-governance trade

Moves · Sep 18Merit bought a succession plan and paid for it in equity

The Close · Sep 16Southern RIAs are selling direct access, and rollups can't buy it