Industry - Independent BDs

Commonwealth Adds $300M Advisor Team

by: Teck Lim

Tuesday, October 9, 2012

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Commonwealth Financial Network, the nation’s largest privately held independent broker-dealer, announced Monday it added Schluchter Investment Advisors, which manages more than $300 million in client assets.

“From our very first conversation with Commonwealth, we have experienced a partner that mirrors our primary value of high-touch client service,” said Wayne Schluchter, who brings to Commonwealth 25 years of industry experience.

Formally affiliated with First Allied, Schluchter provided wealth management services to high-net-worth individuals, families, and corporations in the United States.

“Within 15 minutes of arriving at the home office and experiencing the firm’s technology offerings, we knew this was the right place for us,” Schluchter said. “Without exception, Commonwealth has exceeded our expectations.”