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Commonwealth Financial Network is a privately held Registered Investment Adviser–independent broker/dealer based in Waltham, Massachusetts, and 110 Plaza in San Diego, California, and a new office to be opened in 2024 in Cincinnati, Ohio. [1]
LPL Financial Holdings Inc. (commonly referred to as LPL Financial) was founded in 1989 and is considered the largest independent broker-dealer in the United States. As of 2021 the company had more than 17,500 financial advisors, [4] over US$1 trillion in advisory and brokerage assets, [5] and generated approximately $10.3 billion in annual revenue for the 2023 fiscal year. [6]
In April 2019, Cetera completed the purchase of select assets of Foresters Financial’s U.S. broker-dealer and investment advisory business, rebranding it and the 43 branches it comprises as Cetera Investors. [27] In June 2021, Cetera completed the acquisition of assets related to Voya Financial Advisors’ independent financial planning channel.
Review financial advisor service types Robo-advisors Fees for robo-advisors are typically well below that of traditional advisors because you are getting very little, if any, contact with a human ...
You can hire a financial advisor for a one-time meeting, or to actively manage your entire investment portfolio. Some charge an hourly flat rate while others charge a percentage of the investments ...
An advisor can monitor and tweak your portfolio as needed, then meet with you once a year to review its performance and address any other financial goals or concerns.
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