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Monday, October 5, 2026The Morning Brief →Sign in
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Commonwealth Financial Network

WALTHAM, MA
CRD: 8032
In PWD coverage since September 13, 2026 · 16+ stories
$213BRegulatory AUMSEC Form ADV · Oct 3
4,200EmployeesForm ADV
-10Talent net · 12 months0 in · 10 out
Regulatory AUM · Aug 16 – Oct 3
Observed recruiting events · 12 monthsOn the wire →
Net -10 · 0 incoming events · 10 outgoing events
Arrivals
None tracked.
Departures
Sean Montgomery, Scott Miller, Matt Dupon
Aug 12 · to Merit Financial Advisors
Rick Bergstrom
Aug 13 · to Summit Financial Networks
Tucker Bria Wealth Strategies
Aug 13 · to Summit Financial Networks
Severn Wealth Management
Aug 27 · to Cetera Financial Group
Six wealth management teams
Aug 27 · to New RIA
Bucholtz Germo
Sep 11 · to &Partners
PWD coverage
the_wrap

Cetera and LPL add teams from Commonwealth and Cambridge on the same day

A $185 million Commonwealth group and a three-advisor Cambridge team change platforms, while Cetera shifts a retirement practice to Planning Partners.
the_wrap · Oct 5Three advisor teams land at Cetera, LPL and Wells Fargo FiNet
the_wrap · Oct 5Five breakaway teams land on independent platforms; Fitzgerald Financial discloses $185 million
the_wrap · Oct 5FiNet, Cetera, LPL, Kestra and Carson add five multi-adviser teams on Oct. 5
the_tape · Oct 5Cetera, LPL, Kestra, Carson and Wells Fargo lift teams in one day
Moves · Oct 1Cullman/Holt Group, a seven-person UBS team with $1.3 billion, joins Wells Fargo FiNet in Ohio
The Close · Sep 25The scarce input in consolidation is now the executive bench
advisor_note · Sep 25Ameriprise’s retention check is now a recruiting benchmark
Moves · Sep 24Raymond James runs both channels against the Commonwealth clock
exit · Sep 22Buyers still pay up. They want the file first
move · Sep 21Merit's $888 million Commonwealth hire was paid partly in equity
The Close · Sep 20The talent war's next front is inside the recordkeeper
Features · Sep 18The $83 trillion transfer is now a family-governance trade
Moves · Sep 18Merit bought a succession plan and paid for it in equity
The Close · Sep 16Southern RIAs are selling direct access, and rollups can't buy it
The Close · Sep 13The AI wealth fight is now over distribution
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