Iowa City, IA Office

Team
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Commonwealth Financial Network

Enterprise

Firm-wide stats for Commonwealth Financial Network

Total advisors

2,762

Across 1,213 offices

Clients per advisor

129 Very High

Avg AUM per client

$568,323 High

HNW client ratio

12% Typical

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

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy

Based on Commonwealth Financial Network

Occupation focus

Founder/Business Owner Executive Retired

Based on Commonwealth Financial Network

Location

2346 Mormon Trek Blvd.

Iowa City IA 52246

Advisors at this office

12

Advisors at this office

user avatar

Cayden D

Series 66

Iowa City, IA

Commonwealth Financial Network

Cayden Duhaime is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and beginning his industry career in 2023. His prior experience includes roles at United Iowa Financial, Cedar Rapids Bank and Trust, GreenState Credit Union, and the University of Iowa. Commonwealth Financial Network is a registered investment adviser serving a national network of approximately 2,950 advisors and their clients. The firm offers a range of advisory programs and services, including discretionary model portfolios and personalized investment options, while providing operational, trading, compliance, and practice-management support to affiliated advisors.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Daniel E

Series 66

Iowa City, IA

Commonwealth Financial Network

Daniel Eisenman is a financial advisor with Commonwealth Financial Network in Iowa City, IA, holding a Series 66 designation and seven years of industry experience. He previously worked at UICCU Wealth Management and UICCU. Outside of advisory services, he is involved in fixed insurance sales as an agent under the name United Iowa Financial. Commonwealth Financial Network is a registered investment adviser serving a national network of approximately 2,950 advisors and their clients. The firm provides a range of advisory programs, operations, technology, and compliance support, enabling advisors to offer customized investment solutions and model portfolios.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Austin S

Series 66

Iowa City, IA

Commonwealth Financial Network

Austin Svatos is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and nine years of industry experience. He has worked at Commonwealth since 2017 and is also associated with United Iowa Financial, where he conducts fixed insurance sales. Prior to that, he worked at UICCU Wealth Management from 2016 to 2019. 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 roughly $212.7 billion in client assets. The firm provides a broad adviser-support platform, including managed-account programs, access to third-party asset managers, and custody services.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Eli W

Series 66

Iowa City, IA

Commonwealth Financial Network

Eli Wynes is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and 19 years of industry experience. He has worked at UICCU Wealth Management and Commonwealth Financial Network since 2014. Wynes is also CFO and part owner of United Iowa Financial, Inc., a private entity involved in securities, advisory, and insurance business. Commonwealth Financial Network serves a national network of approximately 2,950 advisors, offering a range of advisory programs and services including wealth management and retirement plan consulting. The firm provides operations, trading, technology, investment management, compliance, and practice-management support to affiliated advisors who deliver advice under Commonwealth’s supervision.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Cullan S

Series 66

Iowa City, IA

Commonwealth Financial Network

Cullan Schriever is a Series 66-credentialed financial advisor with Commonwealth Financial Network, based in Iowa City, IA, and has one year of industry experience. Prior to his advisory role, he was involved with Iowa Wrestling Camps and taught at the University of Iowa and Mason City High School. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser supporting a national network of approximately 2,900 advisors, offering managed-account programs, third-party asset manager access, and comprehensive back-office services.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Jayden J

Series 66

Iowa City, IA

Commonwealth Financial Network

Jayden Johnson is a financial advisor with Commonwealth Financial Network based in Iowa City, IA. He holds a Series 66 designation and has three years of industry experience. Johnson’s prior roles include positions at United Iowa Financial, Craft Concepts Group, Cottingham & Butler, and universities in Iowa and Missouri. He is also involved in fixed insurance sales with United Iowa Financial. 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 manages roughly $212.7 billion in client assets. The firm offers a broad range of managed-account programs, access to third-party asset managers, and back-office services to individual and institutional clients.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Seth P

Series 66

Iowa City, IA

Commonwealth Financial Network

Seth Penney is a financial advisor at Commonwealth Financial Network with 13 years of industry experience. He holds a Series 66 designation and has been with Commonwealth since 2014. Prior to that, he worked at the University of Iowa Community Credit Union. In addition to his advisory role, Penney conducts fixed insurance sales as an agent under the name United Iowa Financial. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of approximately 2,900 affiliated advisors. The firm offers a comprehensive adviser-support platform that includes managed-account programs, access to third-party asset managers, retirement consulting, and custody services.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Michael L

CFP®, Series 63

Iowa City, IA

Commonwealth Financial Network

Michael Lehman is a CFP® professional with 31 years of industry experience, currently serving as a financial advisor at Commonwealth Financial Network since 2014. He also has a long tenure at Iowa State Bank & Trust dating back to 1992. Lehman is a co-owner and CPO of United Iowa Financial, a private entity involved in securities, advisory, and insurance business. Commonwealth Financial Network is a registered investment adviser supporting a national network of approximately 2,950 advisors and their clients. The firm provides a range of advisory programs and services, including model portfolios and customized solutions, while offering operational, compliance, and practice-management support to affiliated advisors.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Carrie W

Series 66

Iowa City, IA

Commonwealth Financial Network

Carrie Wagner is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and 13 years of industry experience. She has worked at Commonwealth since 2014 and concurrently at UICCU since 2011. Wagner is also a part owner of United Iowa Financial, Inc., a private entity involved in securities, advisory, and insurance business. Commonwealth Financial Network is a registered investment adviser serving a national network of approximately 2,950 advisors and their clients. The firm provides a range of advisory programs and support services, including discretionary model portfolios and personalized investment solutions, while positioning itself as a platform provider for affiliated advisors.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Mark L

Series 63, Series 65

Iowa City, IA

Commonwealth Financial Network

Mark Law is a financial advisor with Commonwealth Financial Network, holding Series 63 and Series 65 licenses and 28 years of industry experience. He has been with Commonwealth since 2014. Outside of his advisory role, he serves as Chief Investment Officer and part owner of United Iowa Financial, Inc., a private entity involved in securities, advisory, and insurance business. Commonwealth Financial Network is a registered investment adviser that supports a national network of approximately 2,950 advisors, offering a variety of advisory programs and services including wealth management, retirement plan consulting, and access to third-party asset managers. The firm provides operations, technology, investment management, compliance, and practice-management support while allowing advisors discretion in portfolio construction.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Mollie T

Series 66

Iowa City, IA

Commonwealth Financial Network

Mollie Thomsen is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and 16 years of industry experience. She has worked with UICCU Investment Services and United Iowa Financial, where she is also COO and part owner. Commonwealth Financial Network serves a national network of approximately 2,950 advisors and their clients, providing a range of advisory programs, technology, and operational support. The firm offers discretionary and customized portfolio solutions and maintains a significant clearing and custody relationship with National Financial Services LLC.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
user avatar

Dareth W

Series 63, Series 65

Iowa City, IA

Commonwealth Financial Network

Dareth Wynes is a financial advisor with Commonwealth Financial Network in Iowa City, IA, holding Series 63 and Series 65 licenses and possessing 12 years of industry experience. He has worked at Commonwealth Financial Network since 2016 and is also affiliated with United Iowa Financial, where he conducts fixed insurance sales as an agent. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser that supports a national network of approximately 2,900 advisors and manages over $212 billion in client assets. The firm offers a comprehensive platform including managed-account programs, access to third-party asset managers, and custody services, serving individual and institutional clients across the United States.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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