Erie, PA Peninsula 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
1312 Peninsula Drive
Erie PA 16505
Advisors at this office
5
Advisors at this office
Mark C
Series 63, Series 65
Erie, PA
Commonwealth Financial Network
Mark Catrabone is a financial advisor with Commonwealth Financial Network in Erie, PA, holding Series 63 and Series 65 licenses and 33 years of industry experience. He has been with Commonwealth since 2005 and also co-owns Catrabone, Catrabone & Associates, a private entity facilitating securities and insurance business. Additionally, he is involved in Medicare product referrals through a separate 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 and managing about $213 billion in client assets. The firm provides a broad platform including managed-account programs, access to third-party asset managers, retirement consulting, and custody services.
Lawrence A
Series 63, Series 66
Erie, PA
Commonwealth Financial Network
Lawrence Amenta is a financial advisor with Commonwealth Financial Network based in Erie, PA. He holds Series 63 and Series 66 designations and has 34 years of industry experience. Prior to joining Commonwealth in 2020, he worked for CUNA Brokerage Services and Cuna Mutual Group for 25 years. He is also involved in fixed insurance sales through his agency, Catrabone, Catrabone & Associates. Commonwealth Financial Network serves a national network of approximately 2,950 advisors, providing a range of advisory programs and support services including wealth management, retirement plan consulting, and access to third-party asset managers. The firm offers various investment program structures and delivers operations, trading, technology, compliance, and practice-management support to its affiliated advisors.
Jared L
Series 66
Erie, PA
Commonwealth Financial Network
Jared Lane is a financial advisor with Commonwealth Financial Network in Erie, PA, holding a Series 66 designation and three years of industry experience. His prior roles include positions at Catrabone, Catrabone & Associates LLC and Equitable Advisors 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 managing about $212.7 billion in client assets. The firm provides a comprehensive adviser-support platform with access to managed-account programs, third-party asset managers, retirement consulting, and custody services.
Matthew C
Series 63, Series 65
Erie, PA
Commonwealth Financial Network
Matthew Catrabone is a financial advisor with Commonwealth Financial Network in Erie, PA, holding Series 63 and Series 65 licenses and having 29 years of industry experience. He has been with Commonwealth since 2005 and is also co-owner of Catrabone, Catrabone and Associates, a securities and insurance business he has operated since 2011. Commonwealth Financial Network serves a national network of approximately 2,900 affiliated advisors and manages roughly $212.7 billion in client assets. The firm provides a broad adviser-support platform offering discretionary and nondiscretionary managed-account programs, access to third-party asset managers, retirement and plan consulting, and custody/clearing services.
Henry F
Series 66
Erie, PA
Commonwealth Financial Network
Henry Fessler is a financial advisor at Commonwealth Financial Network with three years of industry experience. He holds a Series 66 designation and previously worked at Equitable Advisors and Oracle NetSuites. He is involved in fixed insurance sales, dedicating a portion of his time to this activity at his branch location. 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 about $212.7 billion in client assets. The firm provides a broad adviser-support platform that includes managed-account programs, access to third-party asset managers, retirement consulting, and custody services.
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