Dallas, TX 12222 Merit Drive 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
12222 Merit Drive, Suite 1180
Dallas TX 75251
Advisors at this office
5
Advisors at this office
Joshua H
Series 66, Series 63
Dallas, TX
Commonwealth Financial Network
Joshua Hendrick is a financial advisor with Commonwealth Financial Network in Dallas, TX, holding Series 66 and Series 63 designations and three years of industry experience. He has previously worked at Equitable Advisors and AXA Advisors. Outside of his advisory work, he is also active as a performer and musician. Commonwealth Financial Network is a dual-registered broker/dealer and investment adviser serving a national network of approximately 2,900 advisors and managing around $212.7 billion in client assets. The firm provides a broad support platform that includes managed-account programs, access to third-party asset managers, and custody services.
Karthik M
ChFC®, Series 66
Dallas, TX
Commonwealth Financial Network
Karthik Muraliraj is a financial advisor with Commonwealth Financial Network in Dallas, TX, holding the ChFC® designation and Series 66 license. He has 18 years of industry experience, including prior roles at WFG Advisors, LP and Equitable Advisors. He is a part owner of MPACT Financial Group, LLC, an investment and insurance services company. 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 provides a broad adviser-support platform with discretionary and nondiscretionary managed-account programs, access to third-party asset managers, and comprehensive custody and clearing services.
John F
Series 66
Dallas, TX
Commonwealth Financial Network
John Farris Sr. is a financial advisor at Commonwealth Financial Network with over 26 years of industry experience. He holds a Series 66 designation and has worked at firms including Equitable Advisors and Mony Securities Corporation. Outside of his advisory work, he owns a sole proprietorship involved in ranching and hay production and is co-owner of a family charitable foundation in Dallas, TX. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of nearly 2,900 advisors and managing approximately $213 billion in client assets. The firm provides a comprehensive adviser-support platform, including managed-account programs, access to third-party asset managers, and custody services.
Philip S
CFP®, Series 66
Dallas, TX
Commonwealth Financial Network
Philip Strunk is a CFP® with 20 years of industry experience, currently advising at Commonwealth Financial Network since 2016. His prior experience includes roles at Mpact, where he is a co-owner of MPACT Financial Group, LLC, and Equitable Advisors. He is based in Dallas, TX. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of nearly 2,900 advisors and their individual and institutional clients. The firm provides a comprehensive adviser-support platform including managed-account programs, access to third-party asset managers, and custody and clearing services.
Parichart A
Series 66
Dallas, TX
Commonwealth Financial Network
Parichart Arredondo is a financial advisor with Commonwealth Financial Network in Dallas, TX, holding a Series 66 credential and over 21 years of industry experience. She has worked at firms including Equitable Advisors and WFG Advisors, LP. Outside of her advisory role, she hosts the Whine Time Forum podcast and is co-owner of Jatem International, LLC, a beauty product company. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of nearly 2,900 advisors and managing approximately $213 billion in client assets. The firm offers a comprehensive adviser-support platform with various managed-account programs, third-party asset manager access, and custody and clearing services.
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