Family-owned firm cites Commonwealth’s retirement planning support, financial planning, and flexible financing capabilities as key decision drivers.
WALTHAM, Mass.–(BUSINESS WIRE)–Commonwealth Financial Network®, a national firm dedicated to providing financial advisors with holistic, integrated business solutions, announces that R&R Wealth Management (R&R Wealth) of Waukesha, Wisconsin, has joined its network of independent advisors. Formerly affiliated with Avantax Investment Services, vice presidents of wealth management and senior financial advisors Robert Holton and Tom Driscoll, CPFA®, CLTC®, and their team of six bring with them nearly $223 million in assets under advisement.
R&R Wealth delivers holistic planning services to business owners, corporate executives, and high-net-worth families looking to build and preserve generational wealth, including investment management, financial planning, and complex life insurance solutions. The firm also specializes in providing businesses with employee-sponsored retirement plan support. For more information, visit https://www.myknowledgeadvisor.com.
“We took a strategic look at who our RIA/broker/dealer was and who gave us the best opportunity to grow going forward,” shared Holton. “We want to build our business to $1 billion in assets over the next four years, and that growth trajectory needs a partner who can support our goals. We feel strongly that Commonwealth is the ideal partner as we grow both organically and through acquisitions, and it will help us become the premier wealth management firm for business owners in Wisconsin.”
Holton continued, “R&R Wealth will leverage Commonwealth’s sophisticated wealth planning resources, investment management support, and highly experienced retirement plan team, in addition to using its business solutions to bring aboard other advisory teams that share their vision, entrepreneurial spirit, and ambition to grow.”
In 2018, R&R Wealth came under the ownership umbrella of the Riesch family, who are longtime and prominent members of the Wisconsin business community. For over three generations, the Riesch family has successfully built R&R Insurance into a trusted and respected business insurance and employee benefits firm in the Midwest.
Becca Hajjar, Commonwealth’s managing principal and chief business development officer, said, “We are thrilled to welcome Robert, Tom, and the rest of the R&R Wealth team to Commonwealth. Over the years, we have worked tirelessly to create a culture that promotes the success of our advisors and fosters a high level of entrepreneurialism—R&R Wealth will bring its like-minded spirit to our community of independent advisors. More tangibly, we look forward to providing flexible financing, investment management, and retirement planning support to allow R&R Wealth to take the next step in the evolution of its firm.”
About Commonwealth Financial Network®
Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides financial advisors with holistic, integrated solutions that support business evolution, growth acceleration, and operational efficiency. J.D. Power ranks Commonwealth “#1 in Independent Advisor Satisfaction Among Financial Investment Firms, 10 Times in a Row.” Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California. Learn more about how Commonwealth partners with more than 2,100 independent financial advisors overseeing more than $242.9 billion* in assets nationwide by visiting www.commonwealth.com.
Commonwealth received the highest score among independent advisors in the J.D. Power 2010, 2012, 2013, 2014, and 2018‒2023 U.S. Financial Advisor Satisfaction Studies. Presented on July 5, 2023, for December 2022 to April 2023, it is based on responses from 4,183 advisors employed by or affiliated with the firms included in the study. Not indicative of the firm’s future performance. Your experience may vary. Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee. Visit jdpower.com/awards for more details.
* As of 12/31/2022
For additional information, contact:
Public Relations Manager
Commonwealth Financial Network