West Fargo, ND 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
3250 Oak Ridge Loop E
West Fargo ND 58078
Advisors at this office
4
Advisors at this office
Chad Z
Series 63, Series 65
West Fargo, ND
Commonwealth Financial Network
Chad Zimmerman is a financial advisor with Commonwealth Financial Network, holding Series 63 and Series 65 credentials and bringing 26 years of industry experience. His prior roles include positions at Wells Fargo Advisors and RBC Capital Markets. He is also co-owner of NorthStar Financial Group, LLC. Commonwealth Financial Network serves a national network of advisors and their clients by providing a range of advisory programs and comprehensive back-office support, including investment management, trading, compliance, and technology services. The firm offers customizable portfolio solutions and discretionary model portfolios managed by its Investment Management and Research team.
Devon K
Series 66
West Fargo, ND
Commonwealth Financial Network
Devon Kelly is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and three years of industry experience. Prior to joining Commonwealth, he worked at Wells Fargo Advisors and NorthStar Financial Group. Outside of his advisory role, Kelly coaches for the West Fargo Hockey Association. Commonwealth Financial Network is a registered investment adviser supporting a national network of approximately 2,950 advisors. The firm offers a range of advisory programs and services, including wealth management and retirement plan consulting, and provides operational, trading, technology, compliance, and practice-management support to affiliated advisors.
Jonathon A
Series 63, Series 65
West Fargo, ND
Commonwealth Financial Network
Jonathon Anas is a financial advisor with Commonwealth Financial Network, holding Series 63 and Series 65 credentials and bringing 30 years of industry experience. He previously worked at Wells Fargo Advisors for 10 years and is co-owner of NorthStar Financial Group, LLC. 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 support services, including model portfolios managed by its Investment Management and Research team, and provides operations, technology, compliance, and practice-management resources to affiliated advisors.
Jay S
Series 63, Series 66
West Fargo, ND
Commonwealth Financial Network
Jay Stibbe is a financial advisor at Commonwealth Financial Network with 30 years of industry experience. He holds Series 63 and Series 66 licenses and previously worked at Wells Fargo Advisors for ten years. Stibbe is also involved in managing farmland through an irrevocable trust and co-owns a commercial real estate entity in West Fargo, ND. Commonwealth Financial Network serves a national network of approximately 2,950 advisors and their clients, providing advisory programs, wealth management, and retirement plan consulting. The firm supports advisors with operations, trading, technology, compliance, and practice management while offering a range of investment products and model portfolios.
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