Rochester, NY Brighton Henrietta Town Line Road Office

Team
Updated today
Commonwealth Financial Network logo

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

2590 Brighton Henrietta Town Line Road

Rochester NY 14623

Advisors at this office

10

Advisors at this office

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Benjamin H

Series 66

Rochester, NY

Commonwealth Financial Network

Benjamin Hintz is a financial advisor with Commonwealth Financial Network in Rochester, NY. He holds a Series 66 credential and has been in the industry since 2025. Prior to his advisory roles, he worked in education and other fields, including positions at St. John Fisher University and Delta Sonic Car Wash Systems, Inc. Commonwealth Financial Network is a registered investment adviser supporting a national network of approximately 2,950 advisors and their clients with a range of advisory programs and services. The firm provides operational, trading, technology, compliance, and practice-management support while offering various investment program options including discretionary model portfolios managed by its Investment Management and Research team.

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

Matthew F

Series 66

Rochester, NY

Commonwealth Financial Network

Matthew Fischer is a financial advisor with Commonwealth Financial Network in Rochester, NY, holding a Series 66 designation and 11 years of industry experience. His prior roles include ten years at American Portfolios Financial Services, Inc. and one year at OSAIC. Outside of his advisory work, he is a co-owner of ADF Wealth Management, LLC, and owner of APG Advisors, both private entities 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 operational, trading, technology, investment management, compliance, and practice-management support, with discretionary portfolio construction and multiple program options managed by an in-house Investment Management and Research team.

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

Series 66

Rochester, NY

Commonwealth Financial Network

Elliott Morse is a financial advisor at Commonwealth Financial Network with three years of industry experience. He holds a Series 66 designation and has previously worked at American Portfolios Financial Services, Inc. and OSAIC. Outside of his financial advisory role, he serves as a paramedic with Victor Farmington Ambulance. Commonwealth Financial Network serves a national network of approximately 2,950 advisors and their clients, 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 program structures and discretionary model portfolios managed by its Investment Management and Research team.

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

Series 66

Rochester, NY

Commonwealth Financial Network

Lawrence Giangreco III is a Series 66 credentialed financial advisor with two years of industry experience. He is currently affiliated with Commonwealth Financial Network and also works with Angelo Planning Group LLC. Prior to his advisory career, Mr. Giangreco held various roles in hospitality and education sectors. 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 $210 billion in client assets. The firm offers a broad adviser-support platform including managed-account programs, access to third-party asset managers, retirement consulting, and custody and clearing services.

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

CFP®, ChFC®, Series 65, Series 66

Rochester, NY

Commonwealth Financial Network

Robert Morse is a financial advisor with Commonwealth Financial Network, holding CFP® and ChFC® designations along with Series 65 and 66 licenses. He has 25 years of industry experience, including 14 years at American Portfolios and more recent roles at OSAIC and Angelo Planning Group. His activities include fixed insurance sales conducted at his branch location. Commonwealth Financial Network serves a national network of approximately 2,950 advisors and their retail and institutional clients, providing a range of advisory programs, wealth management, and retirement plan consulting. The firm supports affiliated advisors with operations, trading, technology, investment management, compliance, and practice-management services.

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

Series 63, Series 65

Rochester, NY

Commonwealth Financial Network

Robert Dornan is a financial advisor with Commonwealth Financial Network in Rochester, NY, holding Series 63 and Series 65 registrations and bringing 16 years of industry experience. His prior work includes fourteen years at American Portfolios Financial Services and more recent roles at OSAIC and Angelo Planning Group. Dornan is also an owner of Dornan Wealth Management, LLC, and co-owner of ADF Wealth Management, LLC. 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 over $212 billion in client assets. The firm provides a range of 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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Tristan I

Series 66

Rochester, NY

Commonwealth Financial Network

Tristan Ierlan is an advisor with Commonwealth Financial Network holding a Series 66 designation and no prior industry experience. His background includes collegiate and professional athletics, having played for the Toronto Rock and the Premier Lacrosse League, as well as a decade-long involvement with Face Off Factory. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser that supports a national network of approximately 2,900 advisors, offering a range of 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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Kyle D

Series 66

Rochester, NY

Commonwealth Financial Network

Kyle Downey is a financial advisor with Commonwealth Financial Network in Rochester, NY, holding a Series 66 designation and 14 years of industry experience. He has worked at American Portfolios Financial Services, Inc. for 12 years and more recently at OSAIC and Angelo Planning Group. Outside of advising, he serves as a basketball coach at Fairport High School. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser that supports a national network of approximately 2,900 advisors, managing roughly $213 billion in client assets. The firm provides a broad platform including managed-account programs, access to third-party managers, retirement consulting, and custody services, offering clients a range of investment options and portfolio implementation approaches.

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

Series 66

Rochester, NY

Commonwealth Financial Network

Daniel Masino is a financial advisor with Commonwealth Financial Network in Rochester, NY. He holds the Series 66 designation and has three years of industry experience. His prior roles include positions at Angelo Planning Group, OSAIC, and Gordon Brothers Group, as well as work experience with the University of Rochester and Bloomberg LP. Commonwealth Financial Network is a registered investment adviser supporting a national network of approximately 2,950 advisors and their retail and institutional clients. The firm provides a range of advisory programs and back-office services, including investment management and practice-management support, allowing advisors discretion in constructing client portfolios from diverse securities and insurance products.

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

Peter K

Series 63, Series 66

Rochester, NY

Commonwealth Financial Network

Peter Knittle is a financial advisor with Commonwealth Financial Network in Rochester, NY, holding Series 63 and Series 66 licenses and bringing 23 years of industry experience. His prior roles include positions at American Portfolios Financial Services Inc. and OSAIC. He is also involved in fixed insurance sales as a secondary business activity. Commonwealth Financial Network serves a national network of approximately 2,950 advisors and their retail and institutional clients, providing a range of advisory programs and support services including wealth management, retirement plan consulting, and access to model portfolios managed by its Investment Management and Research team.

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