Boca Raton, FL Office
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Commonwealth Financial Network
Enterprise
Firm-wide stats for Commonwealth Financial Network
About
Commonwealth Financial Network is a dual‑registered broker/dealer and SEC‑registered investment adviser that serves a national network of approximately 2,900 affiliated advisors and hundreds of thousands of individual and institutional clients, managing roughly $212.7 billion in client assets. The firm offers a broad adviser‑support platform that includes discretionary and nondiscretionary managed‑account programs (PPS Custom, PPS Select, PPS Direct), access to third‑party asset managers, retirement and plan consulting, and custody/clearing services.
Advisors work with clients to define goals and risk tolerance and may implement portfolios using Commonwealth’s internally managed model portfolios (Investment Management and Research team) or by outsourcing execution and model implementation to third‑party platforms and subadvisers (for example, Envestnet, SEI, and Orion). Commonwealth acts as a wrap‑fee program sponsor and back‑office provider—covering trading, reporting, and householding—while offering a mix of mutual funds, ETFs, individual securities, annuity subaccounts, and personalized indexing and tax‑aware options.
Noteworthy aspects disclosed in the firm’s brochure include its acquisition by LPL Financial Holdings, Inc. on August 1, 2025 and recent regulatory matters, including a March 2026 SEC judgment that resulted in a $5,000,000 civil penalty and earlier SEC enforcement related to mutual fund share‑class disclosures. The firm also discloses material conflicts arising from its clearing and sweep arrangements—notably revenue‑sharing with its clearing firm—and a range of advisor compensation and transition incentives (administrative‑fee discounts, graduated payouts, and forgivable loans) that can affect program availability and recommendation incentives.
Based on Commonwealth Financial Network
Expertise
Based on Commonwealth Financial Network
Location
Boca Raton FL
Advisors at this office
3
Advisors at this office
Asher L
CFP®, Series 63
Boca Raton, FL
Commonwealth Financial Network
Asher Lieblich is a financial advisor with Commonwealth Financial Network, holding the CFP® and Series 63 designations and bringing 36 years of industry experience. His career includes long tenures at Avantax Advisory Services and Avantax Investment Services, as well as operating his own firm, A Lieblich & Co, since 1980. Outside of advising, he provides tax preparation and accounting services through Lieblich Financial Services. Commonwealth Financial Network serves a national network of advisors and their clients, offering various advisory programs, wealth management, and retirement plan consulting. The firm supports its advisors with operations, trading, technology, compliance, and practice-management resources, while providing access to a broad range of investment products and discretionary model portfolios.
John S
Series 66
Boca Raton, FL
Commonwealth Financial Network
John Sanders is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and eight years of industry experience. His prior roles include positions at Merrill and Atlantic Wealth Advisors, LLC. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of approximately 2,900 affiliated advisors and managing around $212.7 billion in client assets. The firm provides a wide range of managed-account programs, access to third-party asset managers, and comprehensive back-office support, offering various investment options including mutual funds, ETFs, individual securities, and personalized indexing.
Gregory M
Series 66
Boca Raton, FL
Commonwealth Financial Network
Gregory Monaco is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and 22 years of industry experience. He has worked at Commonwealth Financial Network since 2013, with brief tenures at Cambridge Investment Research Advisors and Cambridge Investment Research, Inc. in 2024. Commonwealth Financial Network is a registered investment adviser serving a national network of approximately 2,950 advisors and their retail and institutional clients. The firm provides advisory programs, wealth management, and retirement plan consulting, supporting affiliated advisors with operations, trading, technology, investment management, compliance, and practice-management services.
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