Roanoke, VA Electric Road Office

Team
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Commonwealth Financial Network logo

Commonwealth Financial Network

Enterprise

Firm-wide stats for Commonwealth Financial Network

Total advisors

2,762

Across 1,214 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

2630 Electric Road

Roanoke VA 24018

Advisors at this office

9

Advisors at this office

user avatar

Adam P

CFP®, Series 63, Series 65

Roanoke, VA

Commonwealth Financial Network

Adam Peters is a CFP® professional with 13 years of experience in financial advising. He is affiliated with Commonwealth Financial Network and has worked previously at Mass Mutual and Metlife Securities. Peters is based in Roanoke, VA. Commonwealth Financial Network is a national registered investment adviser supporting approximately 2,950 advisors with a range of advisory programs and back-office services, including portfolio management and retirement plan consulting. The firm offers various investment solutions and operates a platform that allows advisors discretion in portfolio construction while providing managed model portfolios and multiple program options.

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

Gerald T

Series 63, Series 65

Roanoke, VA

Commonwealth Financial Network

Gerald Tuck is a financial advisor with Commonwealth Financial Network, holding Series 63 and Series 65 licenses and bringing 30 years of industry experience. He previously worked at Metlife Securities, Inc. and Mass Mutual Investors Services before joining Commonwealth in 2018. Tuck is also the sole owner of Tuck Financial Services, LLC, a private entity related to his advisory and insurance activities. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser that supports a national network of nearly 2,900 advisors. The firm offers managed-account programs, access to third-party asset managers, retirement and plan consulting, and custody services, working with clients through discretionary and nondiscretionary portfolio solutions.

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

Series 66

Roanoke, VA

Commonwealth Financial Network

Michael Turk is a financial advisor at Commonwealth Financial Network with two years of industry experience. He holds the Series 66 designation and previously worked at Capital One Financial for eleven years. Outside of finance, he is co-owner and vice president of Olde Salem Brewing Co., a brewery located in Salem, VA. Commonwealth Financial Network serves a national network of approximately 2,950 advisors and their clients, offering a range of advisory programs, including wealth management and retirement plan consulting. The firm provides operations, trading, technology, compliance, and practice-management support, while its Investment Management and Research team manages discretionary 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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Bobby B

CFP®, Series 63, Series 65

Roanoke, VA

Commonwealth Financial Network

Bobby Blankenship is a CFP®-certified financial advisor with 31 years of industry experience, currently affiliated with Commonwealth Financial Network and Focus One Integrated Financial Planning. His prior experience includes long tenures at MetLife Securities Inc. and Massachusetts Mutual Life Insurance Company. Outside of his advisory work, he is involved in tax preparation services through Tax Strategies, Inc. Commonwealth Financial Network is a registered investment adviser serving a national network of approximately 2,950 advisors and their clients. The firm provides comprehensive back-office support and a range of advisory programs, enabling advisors to offer personalized portfolio management and wealth planning solutions 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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Alison E

Series 66

Roanoke, VA

Commonwealth Financial Network

Alison Elliott is a financial advisor at Commonwealth Financial Network with four years of industry experience. She holds a Series 66 designation and has worked at firms including Equitable and FocusOne Integrated Financial Planning. Outside of finance, she has experience with Orangetheory Fitness and has been involved with the Elks Lodge #197. Commonwealth Financial Network serves a national network of approximately 2,950 advisors and their clients, offering a range of advisory programs and services. The firm supports affiliated advisors with operations, trading, technology, investment management, compliance, and practice-management resources.

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

Mark T

Series 66

Roanoke, VA

Commonwealth Financial Network

Mark Tanis is a financial advisor with Commonwealth Financial Network in Roanoke, VA, holding a Series 66 designation and three years of industry experience. He previously worked at Bank of America Merrill Lynch for 22 years. Outside of his advisory work, Tanis serves as an assistant volleyball coach at Cave Spring High School. Commonwealth Financial Network is a registered investment adviser supporting a national network of approximately 2,950 advisors and their clients. The firm offers a variety of advisory programs and services, including discretionary model portfolios and personalized investment solutions, while providing operational and compliance support to affiliated advisors.

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

Robert F

CFP®, Series 63, Series 65

Roanoke, VA

Commonwealth Financial Network

Robert Fry is a financial advisor with Commonwealth Financial Network in Roanoke, VA, holding the CFP® designation and Series 63 and 65 licenses. He has 22 years of industry experience, including roles at Metlife Securities, Massachusetts Mutual Life Insurance Company, and Mass Mutual Investors Services. Fry is also the owner of Fry Financial Planning, LLC. Commonwealth Financial Network is a registered investment adviser serving a national network of approximately 2,950 advisors and their clients. The firm provides advisory programs, wealth management, and retirement plan consulting, supporting affiliated advisors with operations, trading, technology, and compliance services.

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

Hannah C

Series 66

Roanoke, VA

Commonwealth Financial Network

Hannah Coulling Beckley is a financial advisor at Commonwealth Financial Network with one year of industry experience. She holds the Series 66 designation and has prior experience at Deloitte & Touche LLP. Outside of advising, she is involved in tax preparation through Tax Strategies, Inc. 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 operational support, allowing advisors discretion in portfolio construction alongside managed model portfolios and various program options.

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

Joshua G

CFP®, ChFC®, Series 66

Roanoke, VA

Commonwealth Financial Network

Joshua Gallegos is a financial advisor with Commonwealth Financial Network in Roanoke, VA. He holds the CFP®, ChFC®, and Series 66 designations and has eight years of industry experience. His prior roles include positions at FocusOne Integrated Financial Planning, Equitable Advisors, and Ameriprise Financial Services, Inc. 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 their individual and institutional clients. The firm provides a wide range of managed-account programs, access to third-party asset managers, and comprehensive back-office support.

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