Who does Commonwealth financial clear through?
Fidelity InstitutionalSM (FI)1 provides clearing, custody, and other brokerage services to Commonwealth through National Financial Services LLC (NFS). Like Commonwealth, NFS is an industry leader with a long and stable history of customer service excellence.
Is Commonwealth Financial Network a custodian?
NFS is an affiliate of Fidelity Clearing & Custody Solutions (“FCCS”), which serves as the custodian for Commonwealth’s clients’ assets.
Is Commonwealth financial a bank?
Commonwealth Financial Systems is a legitimate company. They are not a fake company, or a scam. But, they may spam call and harass you.
How many advisors does Commonwealth Financial Network have?
Commonwealth has approximately 1,950 independent financial advisers and financial planners for whom it serves as a “back office”, processing investment transactions on behalf of their clients, and to whom the firm provides resources and consulting services to support the advisors’ businesses.
What are Commonwealth Financial charges?
Fees Commonwealth Financial Network charges for its services Maximum advisor and program fees generally range from 0.75% to 3.00%.
What is Commonwealth Finance on my credit report?
Commonwealth Financial Systems is a real debt collection agency. They may have contacted you in order to collect a debt that you may or may not actually owe, or you may have found that they reported a false debt on your credit report.
Is Commonwealth a custodian?
Commonwealth Financial Network joins a number of broker-dealers who have changed their policies in recent years to become RIA custodians — including LPL Financial (See: LPL’s RIA assets skyrocketed in 2012) and Raymond James Financial Inc..
What type of government is Commonwealth?
A commonwealth refers to any group of people organized under a single government, particularly a republic. If you live in the United States of America, you live in a commonwealth.