The Power of Partnership: Commonwealth’s Advisor-Driven Success Leads to 10th Consecutive J.D. Power Award

Commonwealth Ranked #1 Investment Firm for Independent Advisor Satisfaction

WALTHAM, Mass.–(BUSINESS WIRE)–Propelled by the firm’s continued commitment to supporting its advisors’ evolving needs, Commonwealth Financial Network® ranks “#1 in Independent Advisor Satisfaction Among Financial Investment Firms, 10 Times in a Row” by J.D. Power.

In the J.D. Power 2023 U.S. Financial Advisor Satisfaction Study℠, Commonwealth received an overall satisfaction score of 798, on a 1,000-point scale, outpacing the next-highest-ranked firm by 101 points. Commonwealth achieved the highest score in all reported key drivers of advisor satisfaction—compensation, leadership and culture, professional development, products and marketing, operational support, and technology.

“Without the input and suggestions of our advisors, who are at the center of our collective success, a recognition like this would be impossible—we’re incredibly grateful,” said Commonwealth CEO Wayne Bloom. “It’s only through the constant collaboration and communication we enjoy with the advisors who choose to partner with us that we can hold Commonwealth up as the #1 firm for the most satisfied independent advisors.”

“Advisors are the fuel that powers our continual efforts to make Commonwealth and all of its offerings as robust as possible so they are set up to succeed,” Bloom noted. “The strength of our advisor relationship, which is built on trust and mutual understanding, allows us to continue to achieve this unrivaled honor.”

Bloom added, “It’s because of the trust our advisors place in us that we know we can build the next evolution of Commonwealth to meet their needs. Commonwealth has shown, through its consistent actions and the consistent accolades from J.D. Power, that our advisor-centric values will guide us toward well-managed growth.”

Many of the firm’s advisor solutions have come about as a result of direct feedback on how the firm can improve and add to its suite of services to best help its affiliates drive success. Notably from the past year are flexible financing options to aid advisor growth and succession planning, enhanced offerings to support advisors with high-net-worth clients, and expanded outsourced business solutions to give advisors access to tools and resources that drive efficiency.

Bloom concluded, “These collective efforts are rooted in partnership and centered around our ability to continuously evolve alongside our advisors and afford them more time spent with their clients.”

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

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 for more details.

*As of 12/31/2022


Sarah Baun 781.464.7138
Public Relations Manager
Commonwealth Financial Network