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Commonwealth

Can a leading independent broker-dealer and RIA platform become the comprehensive financial technology and services OS for independent financial advisers?

HQWaltham, Massachusetts, USA
IndustryFintech / Investment
The story

Commonwealth Financial Network is a broker-dealer and RIA platform serving independent financial advisers. The firm has been expanding its embedded finance offerings for advisers and their clients, including retirement plan recordkeeping via Vestwell and a pooled employer plan (PEP) launch. A significant infrastructure modernisation is underway via a Jack Henry partnership, signalling a move toward more integrated, modern financial technology for its adviser network.

Last 12 months
2024
2023
Product timeline
2023
Partnered with Vestwell and FuturePlan (Ascensus) to launch the Gateway 401(k) Pooled Employer Plan for affiliated advisers.· retirement
2024
Selected Jack Henry to modernise its core technology infrastructure.· banking
The stack
Banking / BaaS
Jack Henry
Accounting gap: none