Cedar Rapids, IA 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
222 3rd Ave SE, Ste 280
Cedar Rapids IA 52401
Advisors at this office
8
Advisors at this office
Steven B
Series 66
Cedar Rapids, IA
Commonwealth Financial Network
Steven Bragg is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and five years of industry experience. He previously worked at Principal Securities Inc, Principal Life Insurance Company, Strategic Financial Solutions, and Edward Jones. Bragg also engages in fixed insurance sales as a secondary business activity. 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 a range of advisory programs and services, including discretionary model portfolios and customized investment solutions, supported by extensive operations, technology, and compliance resources.
Jordan K
CFP®, Series 66
Cedar Rapids, IA
Commonwealth Financial Network
Jordan Kuehner is a CFP® professional with nine years of industry experience, currently with Commonwealth Financial Network since 2022. His prior roles include positions at Principal Life Insurance Company and Goldman Sachs. Kuehner also engages in fixed insurance sales as a notable outside business activity. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser supporting a national network of approximately 2,900 advisors. The firm provides a comprehensive adviser-support platform featuring discretionary and nondiscretionary managed-account programs, access to third-party asset managers, and various investment options including mutual funds, ETFs, and personalized indexing.
Jeffrey H
Series 63, Series 65
Cedar Rapids, IA
Commonwealth Financial Network
Jeffrey Haugse is a financial advisor with Commonwealth Financial Network, holding Series 63 and Series 65 licenses and 23 years of industry experience. His prior roles include positions at Principal Securities, Strategic Financial Solutions, and Principal Life Insurance Company. He is also involved in fixed insurance sales as a secondary business activity. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of approximately 2,900 advisors and managing about $212.7 billion in client assets. The firm provides adviser support through managed-account programs, third-party asset managers, retirement consulting, and custody services.
Lawrence W
CFP®, Series 63
Cedar Rapids, IA
Commonwealth Financial Network
Lawrence Witzel is a CFP® professional with 36 years of experience in the financial services industry. He is currently with Commonwealth Financial Network and has previously worked at Principal Securities Inc and Principal Life Insurance Company. Outside of his advisory work, he is involved in agricultural operations, including corn and soybean production, and co-owns Witzel Farms, LLC. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of approximately 2,900 advisors and hundreds of thousands of clients. The firm provides a broad platform of managed-account programs, third-party asset manager access, and custody services.
Bert M
CFP®, Series 66
Cedar Rapids, IA
Commonwealth Financial Network
Bert Mcclintock is a CFP® professional affiliated with Commonwealth Financial Network, with 25 years of experience in the financial industry. He has worked at Commonwealth since 2022 and previously held roles at Principal Securities Inc. and Principal Life Insurance Company. He is a co-owner of Strategic Financial Solutions, LLC, a private entity focused on securities, advisory, and insurance services. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of approximately 2,900 advisors and their individual and institutional clients. The firm provides a broad adviser-support platform including managed-account programs, access to third-party asset managers, retirement consulting, and custody services.
Brian B
CFP®, Series 63, Series 65
Cedar Rapids, IA
Commonwealth Financial Network
Brian Brandt is a CFP® professional with over 31 years of experience in the financial services industry. He is currently with Commonwealth Financial Network, where he has worked since 2022, and has prior experience with Strategic Financial Solutions and Principal Securities. Brandt is also involved in fixed insurance sales. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of approximately 2,900 advisors and managing over $212 billion in client assets. The firm offers a range of managed-account programs, third-party asset manager access, and back-office support services.
David S
CFP®, Series 66
Cedar Rapids, IA
Commonwealth Financial Network
David Spanier is a CFP® professional with nine years of experience in the financial services industry, currently serving as an advisor at Commonwealth Financial Network. Prior to joining Commonwealth, he worked at Thrivent Financial from 2017 to 2022. Outside of advising, he is involved in fixed insurance sales. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser supporting a national network of approximately 2,900 advisors. The firm offers a broad range of managed-account programs and access to third-party asset managers, combining discretionary and nondiscretionary services along with custody and clearing solutions.
Austin L
Series 66
Cedar Rapids, IA
Commonwealth Financial Network
Austin Lackey is a financial advisor with Commonwealth Financial Network in Cedar Rapids, IA. He holds the Series 66 designation and has been in the industry since 2025. Prior to his current role, he worked at RSM US LLP and Forvis Mazars. Commonwealth Financial Network serves a national network of approximately 2,950 advisors and their retail and institutional clients, providing a variety of advisory programs and services. The firm supports its affiliated advisors with operations, trading, technology, investment management, compliance, and practice-management resources.
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