Commonwealth Financial Network boasts one of the largest fleets of high-end independent advisors in the business, so the company has devised a couple of ways to reward them for enriching the firm.
It plans to increase payout for advisors with more than $50 million in assets under management, Commonwealth announced on Wednesday. Advisors will get a bump up of 2% at every production level between for advisors with $50 million to $500 million in AUM. After that point, it rises 3%. Under its Preferred Portfolio Services, The Waltham, Mass.-based independent broker-dealer will also chop online orders in half for individual stocks and exchange-traded funds, or ticket charges, for fee-based assets.
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