The financial market collapse in 2008 prompted attitude adjustments in the financial industry. Some firms cancelled reward or incentive trips for top-performing advisors.
At Commonwealth Financial Network, the group decided to put their advisors to work. It began performing community service projects that inspired it to create Commonwealth Cares, a philanthropic foundation. The goal of that group, Commonwealth said in a statement on Thursday, is to provide the time, talent and financial support to a wide range of charitable efforts. Commonwealth Cares currently has a little under $1 million to support its initiatives, according to Wayne Bloom, chief executive officer of Commonwealth Financial Network.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access