Commonwealth Equity Services: AUM & Ownership

Clients

Commonwealth Equity Services serves 360,488 clients, 41,874 of them high-net-worth individuals. The average client has about $590,000 with the firm, and high-net-worth clients hold 51% of its $212.7 billion in assets.

Regulatory assets by client type

Individuals314,099 clients44%
High-net-worth individuals41,874 clients51%
OtherPension and profit-sharing plans, Charitable organizations, State or municipal government entities, Corporations and other businesses5%

Show client breakdown

Client type	Clients	Regulatory AUM	Share	Avg. per client
Individuals (other than HNW)	314,099	$93,620,071,446	44.0%	$298K
High-net-worth individuals	41,874	$108,687,576,025	51.1%	$2.60M
Pension and profit-sharing plans	1,207	$1,946,692,383	0.9%	$1.61M
Charitable organizations	405	$1,075,075,462	0.5%	$2.65M
State or municipal government entities	300	$3,197,155,228	1.5%	$10.7M
Corporations and other businesses	2,603	$4,133,474,984	1.9%	$1.59M
Total	360,488	$212,660,045,528	100%	$590K

Individuals (other than HNW)

Clients: 314,099
Regulatory AUM: $93,620,071,446
Share: 44.0%
Avg. per client: $298K

High-net-worth individuals

Clients: 41,874
Regulatory AUM: $108,687,576,025
Share: 51.1%
Avg. per client: $2.60M

Pension and profit-sharing plans

Clients: 1,207
Regulatory AUM: $1,946,692,383
Share: 0.9%
Avg. per client: $1.61M

Charitable organizations

Clients: 405
Regulatory AUM: $1,075,075,462
Share: 0.5%
Avg. per client: $2.65M

State or municipal government entities

Clients: 300
Regulatory AUM: $3,197,155,228
Share: 1.5%
Avg. per client: $10.7M

Corporations and other businesses

Clients: 2,603
Regulatory AUM: $4,133,474,984
Share: 1.9%
Avg. per client: $1.59M

Total

Clients: 360,488
Regulatory AUM: $212,660,045,528
Share: 100%
Avg. per client: $590K

What it does

Commonwealth Equity Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, publishing newsletters and educational seminars. It is paid through a percentage of assets, hourly charges, fixed fees and commissions.

Commonwealth Equity Services provided financial planning to 31,500 clients last fiscal year and advises no private funds.

97.6% of assets ($207.63B across 598,423 accounts) are managed with discretion; $5.03B across 16,792 accounts are not. $55.01B sits in a wrap fee program the firm both sponsors and manages. 1% of clients are outside the U.S., and 20,450 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end

Stocks15%
- Exchange-traded equities14%
- Non-exchange-traded equities1%
Funds75%
Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
Cash6%
Other1%
- Structured notes, structured cd's and annuities1%

Custodians

Commonwealth Equity Services’ client accounts are held mainly at Fidelity, with 97% of managed assets. Commonwealth Equity Services has custody of $21.14B for 23,770 clients.

Managed account assets by custodian

FidelityNational Financial Services LLC · Boston, MA · $205.52B97%
All other custodians$7.14B3%

Ownership and leadership

1979 Holding Company, LLC owns 75% or more of Commonwealth Equity Services, and Wayne Michael Bloom is its CEO.

Who owns the firm

Commonwealth Equity Services, LLC· the adviser

1979 Holding Company, LLC
Control person · since August 2017
Owns 75% or more of Commonwealth Equity Services, LLC
- CFN Ventures, LLC
  Control person · since August 2017
  Owns 75% or more of 1979 Holding Company, LLC
  - CFN Holding Company, LLC
    Control person · since August 2017
    Owns 75% or more of CFN Ventures, LLC
    - LPL Holdings, Inc.
      Control person · since August 2025
      Owns 75% or more of CFN Holding Company, LLC
      - LPL Financial Holdings Inc.
        Control person · since December 2005
        Owns 75% or more of LPL Holdings, Inc.

Leadership

Wayne Michael Bloom
Managing Director, Chief Executive Officer
Peggy Lynn Ho
General Counsel, Senior Vice President
Christopher Anthony Trapnell Kloman
Chief Operations Officer, President
Jonathan C. Cleasby
Chief Financial Officer
Robert Eric Molinari
RIA Chief Compliance Officer
Matthew John Sugden
BD Chief Compliance Officer
Jonathan Christiaan Bohs
Managing Principal, Operations
Kirby Lepak Horan-Adams
Manager
Steven Philip Morrison
Manager
Brian Thomas Price
Managing Principal, Chief Investment Officer

Staff

4,200 employees
2,650 in advisory functions
2,950 state-registered reps
2,600 broker-dealer reps
2,300 insurance agents
180 soliciting firms

Reported holdings

Commonwealth Equity Services’ reported 13F holdings total $79.52B across 4,415 positions, and the ten largest make up 17.0% of it.

$79.52B
Reported 13F value: 4,415
Positions: 17.0%
In the 10 largest: +11.1%
Value vs. prior quarter

Ten largest positions, share of reported value

Apple Inc.3.1%
iShares TR · Core S&P500 ETF2.5%
Nvidia Corporation2.2%
Invesco Qqq TR · Unit Ser 11.5%
Vanguard Tax-managed Fds · Van FTSE Dev Mkt1.5%
State Str SPDR S&P 500 ETF T · TR Unit1.4%
Microsoft Corp.1.3%
Amazon Com Inc.1.2%
Vanguard Index Fds · S&P 500 ETF Shs1.1%
iShares TR · Rus 1000 Grw ETF1.0%

Together, the ten largest are 17.0% of reported value.

The 50 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 29 July 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $79.52B is not its $212.66B in regulatory assets and does not represent any individual client's portfolio.

Fees

Commonwealth Equity Services is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and commissions.

Commonwealth Equity Services’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Commonwealth Equity Services has 1,433 offices, with 26 listed addresses across 15 states.

Listed office addresses by state

Massachusetts · 4 listed addresses

275 Wyman Street, Suite 400, WalthamHQ
370 Main Street, Worcester
1 Van De Graaff DR, Burlington
250 First Avenue, Needham

Other business names

Commonwealth Equity Services has reported 925 other business names to the SEC.

2250 Financial Services Inc
307 Financial Services, LLC
3rivers Financial
401k Plan Consultants, LLC
44 North Financial Partners
4th Quarter Wealth Management
7 Grains Planning & Investments
7 Streets Financial LLC
A Better Financial Group, Inc
Ac Financial Partners
Acorn Financial
Acre Equity Advisors
Acs Advisory LLC
Adams & Associates
Advanced Corporate Solutions LTD
Advanced Financial Group
Advanced Group Financial Services
Advanced Wealth Management
Advantis Wealth Partners
Advisory Group West
Aegis Consulting
Aeran Asset Management
Affinity Wealth Solutions
Affluere Financial Services
Agency Wealth Partners
Alfstad Capital, LLC
Align Retirement Plan Advisors
Align Wealth Strategies
Allegiant Wealth Management Group
Allen Insurance and Financial
Allen Wealth Management
Allfluent Wealth Management LLC
Altara Wealth
Ames Financial Services
Ams Financial Group
Andra Wealth Management
Andrew Hoff Agency
Angelo Planning Group
Anton Lemieux Financial Group
Antone Mercurio LLC
Apex Wealth Advisors
Apogee Wealth Advisors LLC
Arbor Financial Services
Arq Financial Group
Artha Wealth Advisors
Ascend Financial Group
Ascend Wealth Management
Ascentra Wealth Management, LLC
Ashwood Advisors, LLC
Assay Wealth Partners, LLC
Asset Advisory Services, Inc.
Astle Investment Management
Atlantic Wealth Advisors, LLC
Atlantic Wealth Management, LLC
Atlantic Wealth Strategies, LLC
Attuned Financial Strategies
Augustine Financial, LLC
Austin Financial Management, Inc.
Avant-Garde Wealth Partners
Avantis Private Wealth

Show all 925 names

Avenor Wealth
Avery and Pope Wealth Management
Axial Financial Group
Azimuth Wealth Management, Inc
BDS Financial Network
BRS Financial Group LLC
Back Cove Financial
Backnine Advisors, LLC
Bailey & Beatty Financial Services, LLC
Ball Financial Services Company
Ballast Wealth Partners
Bank Rhode Island Investment Services
Bank of Prairie Du Sac
Bankri Investment Services
Bannon & Company, LLC
Banyan Financial Services
Barron Wealth Strategies
Bartholomew & Company, Inc.
Bay Harbor Private Wealth Group
Beacon Investment Management
Beebe Financial Services
Bell Retirement Strategies
Beloin Investment Group
Benchmark Investments & Insurance
Benetas Wealth
Benison Financial Services
Benz Financial Group
Benz Financial Services, Inc.
Berks Financial
Berkshirebanc Investment Services
Bestgen Wealth Management, LLC
Bianchi Wealth Management
Biestek Wealth Management, LLC
Biffen Wealth Management
Bishop Financial
Black Diamond Custom Wealth Management
Blue Haven Strategic Financial Group
Blue River Group, LLC
Bluegrass Legacy Group
Blueprint Wealth Advisors
Bonebrake Financial Planning & Wealth Management
Bostonnorth Financial Services, Inc.
Bostonpremier Wealth, LLC
Bothfeld Financial Partners
Boyden Financial
Bral Niedert Private Wealth Advisors
Breed'S Hill Wealth Management, LLC
Brent Financial Group, LLC
Brentwood Financial Partners
Bridgequest Wealth Strategies
Bridgeview Wealth Partners, LLC
Brightview Financial Services
Brown Ruth Advisors, LLC
Bryan Hickel Investment Management
Bryant Maloney Prinzo Wealth Management
Buchman Financial Wealth Management
Buttrick Asset Management
Byers Poland Reeves Wealth Partners
C.W.F. Financial
CFG Wealth Management
CG Capital
CSD Financial Consulting
CSR Financial Services, LLC
CT Financial Partners
Cadagin & Prosser Financial Group
Caduceus Consulting
Cahill & Associates Financial Services, LLC
Calmwater Advisors
Calmwater Financial Group
Calmwater Financial Network, LLC
Camelback Retirement Planners
Cammisa Financial Services, LLC
Canandaigua Financial Group
Canty'S Financial Strategies, Inc.
Cape Cod Financial Services
Capital Concepts, LLC
Capital Financial Planning
Capital Management Partners, LLC
Capital Navigation Group, LLC
Capital View Wealth Management
Capitol Financial Advisors
Caplan Asset Management
Caplan Wealth Partners
Cardinal Hill Wealth Management
Cardinal Wealth Planning, LLC
Carney Financial Group, LLC
Carns Financial Group
Cary Stamp & Company
Casco Bay Wealth Advisors
Catrabone, Catrabone & Associates
Causeway Strategic Financial Advisors
Cawley Financial Advisors
Cedar Financial Services
Cedarwood Financial Partners
Censia Wealth Advisors
Center Square Asset Management
Center for Wealth Management
Central Coast 401(k)
Central Coast Wealth Management
Central Maine Financial Services, LLC
Charles River Financial Services, LLC
Choice Financial Planning
Chronicle Partners LLC
Clarendon Wealth Management
Clarity Financial Management
Clarity Wealth Management
Clark & Company Wealth Management
Clear Path Private Wealth
Clear Peak Financial
Clear Wealth Partners
Clearfront Advisory, LLC
Coastal Wealth Financial
Colarossi & Torre, Financial Advisory Group
Collins Wealth Management & Tax Strategies
Columbus Financial Concepts
Commonwealth Financial Network
Compass Financial
Compass Financial Network, LLC
Compass Financial Solutions
Complete Wealth Management Solutions
Comprehensive Financial Advisers
Comprehensive Financial Partners
Comprehensive Wealth Solutions, LLC
Compton Financial Group
Concentric Private Wealth
Conestoga Wealth Partners
Connecticut Financial Group, LLC
Convergence Financial Partners
Cooper Associates
Cooperdavis Financial Group
Copeland Financial
Core Financial Group
Core Wealth Advisory
Cornerstone Financial Group
Cornerstone Financial Services
Cornerstone Investment Associates
Cornerstone Wealth
Corning Financial Group, LLC
Corning Financial Solutions
Crabtree Financial Group, LLC
Creative Wealth Management, LLC
Creekview Wealth Management
Crew Financial Collective?
Crosland Wealth Management, Inc.
Crossbridge Financial Group of Cny, Inc.
Crossbridge Financial Group, LLC
Crowl Wealth Management
Cumberland Wealth Management
Cummings Wealth Management Group
Curo Wealth Management
Custom Financial Design
Customized Wealth Strategies, LLC
Cynthia L Fickley Financial Planning LLC
Cypress Private Client Group
Cypress Wealth Management
D & M Financial Consultants
D&B Strategic Wealth
DJS Financial Services
Daniel Investment Group, Inc.
Davenport Wealth Management
Davidman Financial Network
Davis Financial Strategies, LTD.
Daybreak Financial Partners
Decisive Wealth Management
Dedomenico Wealth Management
Deering Wealth, LLC
Dempsey Wealth Management, LLC
Dende Financial Services
Dimatteo Group Financial Services Inc.
Diversified Capital Management
Diversified Investment Services, Inc.
Diversified Retirement Solutions
Diversified Wealth Strategies, LLC
Dodds Wealth Management Group LLC
Donald M. Graham & Associates
Dowd Financial Group, LLC
Dpa Wealth Partners
Duke Wealth Management
Duncan Financial Group, LLC
Duncklee & Nott
Dunuwila Wealth Management
Dutchess Harbour Wealth Management LLC
Duthie & Gallagher Wealth Management
Eagle Crest Financial Services, Inc.
Eba Consulting
Ebert Financial
Economic Concepts Inc.
Edwards & Owens Financial Strategies and Wealth Management
Edwin Yeates Financial Services
Egidio Lennon Wealth Management, LLC
Eglseder Wealth Management Group, Inc.
Elek Wealth Management, LLC
Element Financial Group
Elevare Advisors
Elevate Wealth Planning
Elk Pointe Capital
Ellis Financial Advisory
Emerald Wealth Management Solutions, LLC
Emm Financial Services, Inc.
Emvision Capital Advisors
Endeavor Wealth Advisory Group
Endurance Capital Service, Inc.
Endurance Financial
Engineered Wealth Solutions
Epa Financial Services
Epiq Risk Management and Insurance Services
Esdale Wealth Advisors
Esposito Financial Group
Evergreen Wealth Management, Inc.
Everrise
Everthrive Financial Group
Evertrail Wealth Management
Exceptional. Wealth & Family Office
FPS Financial, Inc.
FS Financial
Family Wealth Partners
Farmers Savings Bank Investment Center
Federal Hill Financial, LLC
Federal Hill Investment Services
Fedor Financial Group, LLC
Fergusson Financial
Ferrer Advisory Services, Inc
Financial & Estate Strategists Inc.
Financial Advisory Partners
Financial Alternatives, LLC
Financial Connection
Financial Council, LLC
Financial Foundations
Financial Life Concepts
Financial Planning Solutions, Inc.
Financial Planning Suite, Inc.
Financial Resource Group
Financial Services of Bradenton
Financial Strategies Group
Financial Technology, Inc.
First National Planning Group, Inc.
First Pacific Financial Services
First Susquehanna Financial Group, Inc.
Fisher Financial Associates
Fisler Financial Services
Fitzwilliam Financial
Five Point Wealth Advisors
Five Talents Wealth Management, LLC
Flautt Financial
Flick Financial
Florence Financial Group
Flourish Wealth Advisors
Flow Wealth Management
Focusone Integrated Financial Planning
Ford English Savicki & Pavlot Wealth Management
Fore River Financial
Forge Financial Group
Forsberg Insurance Planning
Forward Wealth Group
Foundation Financial Advisors, Inc.
Foundations Financial Partners
Four Arrows Financial Group, LLC
Fraga Wealth Management Group
Framewell Financial
Frank Deptola & Associates, LLC
Freedom Asset Management
Freer Financial Services
Frey Financial
Full Circle Financial
Full Focus Financial Group
Full Spectrum Financial Solutions
GB Financial Services, LLC
Gale Investment Management Partnered With Wealthmark
Garden Street Financial Group LLC
Garon Financial
Garrett Consulting
Gateway Wealth Management
Gatherwealth Investment Management
Geisler & Company Financial Planning
Generations Capital Inc
Gfa Financial Group
Gingras Financial Services, LLC
Gistel Advisors LLC
Global Financial Associates, Inc.
Gnemi Financial Strategies
Godchaux Wealth Management
Gold Financial Services
Good Capital Investment Group
Goostree Financial Group
Gottfried & Somberg Wealth Management, LLC
Granite Capital Advisors
Granite Ginkgo Financial Planning, LLC
Grant Capital
Graves Wealth Management
Graziano Budny Wealth Management Group, LLC
Green Harbor Financial
Green Lakes Planning
Guardian Wealth
Gugino & Ryel Financial
Guglielmetti Asset Management
Guide Star Financial, Inc
Guided Path Financial
Guided Path Wealth Management
Guilford Financial Partners
Gulf Coast Financial Consultants
Gulish & Associates, Inc.
Guyett Wealth Advisors
H B Financial Group, LLC
H.A. Kramer & Associates, Pa
H.S. Financial, Inc.
Hadad-Milinazzo Financial Group, Inc.
Handford Financial Strategies
Hansen Financial MV
Happel Financial, LLC
Harbor Blue Financial
Harkins Wealth Management, LLC
Harkness Financial
Harris Asset Management LLC
Harris Tax & Wealth Management, PC
Harry Romain
Hartman Financial, Inc.
Harvest Advisers, LLC
Harvest Family Wealth, LLC
Harvest Wealth Management, LLC
Hastie Financial Group
Haukedahl Financial Services, LLC
Haven Private Wealth
Hawekotte Financial Group
Helping Other People Everywhere, Hope A Financial Services Company
Heritage Capital Advisors, LLC
Heritage Financial Advisory
Heritage Financial Services, LLC
Heritage Peaks Wealth Management
Heritage Private Wealth Management
Hess Financial
High Point Financial, LLC
Hill Financial Strategies
Hillcrest Financial Group
Hoey Wealth Management
Holbrook Wealth Advisors
Holly M. Robert & Associates
Honeycutt Smith & Associates
Horizon Financial
Huber Financial
Hudson Advisory Group
Hudson Wealth Management
Hundt Financial Services, Inc.
Hunt Country Wealth Management
Hunt Financial Solutions
Hutchings Financial Group, Inc.
Hutchinson Financial Services, LLC
I Financial
I&m Wealth Advisors
Ifs Investors Services
Impact Financial
Imperity Advisors, LLC
Independence Wealth Services
Independent Wealth Strategies
Infinitas
Innovative Financial Solutions
Innovative Wealth Managers
Insight Financial Horizons
Insurance & Investment Strategies
Integrated Equity Management
Integrated Financial Management, Inc.
Integrity Wealth Consultants
Intrinsic Financial Design Group
Inverness Financial Group, Inc.
Invest Forward
Invest for Life
Investmark Advisory Group
Investmark Advisory Services, Inc.
Investment House, LLC
Investment Professionals Wealth Management
Invirtus Wealth Partners
Iron Mountain Wealth Management, LLC
Itera Wealth Management
J. Phillips Investments, LLC
JG Rubin Financial Services
JM Financial Strategies
JP Wealth Advisors
JRB Wealth Management
James V. O'Sullivan
Jansma Financial and Insurance Services
Jay Financial Group
Jeff Kluve Financial Planning
Jensen Complete Wealth
Jerry Hupp Financial Services
Johndrow Wealth Management, LLC
Joy World Wealth Partners
Joyce Oaks Wealth Management Group
Juniewic Financial Group
KB Financial
KBC Financial Services, Inc.
KJ Wealth Advisory
KMJ Financial Group, LLC
KSP Financial Consultants
Kaplan Financial Group
Kaplan Financial Services, Inc
Karampatsos & Associates, LLC
Ke Wealth Advisors
Keating Wealth Management
Keeling Financial Strategies, Inc.
Keim Asset Management, LLC
Kelly Financial Partners
Kelly Ryan Financial
Kemple Financial
Ken Muskat Financial
Kenning Financial Services
Keybridge Financial, LLC
Keystone Financial Planning, LLC
Keystone Financial Strategies
Kin Wealth
King Financial Services
King Investment Strategies
Kingsbridge Capital Advisors
Kock Financial
Kojak Capital
Kornblum & Haverstick Financial Services
Kramer Wealth Strategies, LLC
Krueger Financial Services
Kunz Wealth Partners
Kyberstone Wealth
LLW Financial
LS Investment Management
LV Wealth Management
Lago Wealth Management
Lakeshore Financial Group
Lapis Wealth Advisory
Larson, Potter, Stratton & Cote
Larson, Potter, Stratton & Cote Financial
Laurel Highlands Financial Services, LP
Laurentide Wealth
Laventura & Associates
Lealta Private Wealth Management, LLC
Legacy Finance
Legacy Financial Services, LLC
Legacy Retirement Advisors
Legacy Wealth Group, LLC
Legacy Wealth Partners
Lehigh Valley Investment Group
Leithner Financial Group
Leman Financial
Leonard Brodsky and Associates, Inc.
Leslie Roper Day & Associates
Levy Financial Group
Lexington Financial Group
Libra Financial Group LLC
Lifefirst Financial
Lifetime Asset Management, LLC
Lignum Wealth Management
Lin Financial Services
Lincoln Park Financial Group, LLC
Lingenfelser Financial Services
Lipchin Wealth Management
Liquid Capital, Inc.
Livwell Financial
Lohr & Company, LLC
Lomanto Provost Financial Advisors
Longbow Capital Partners, LLC
Longtide Financial Partners
Longview Wealth Advisors, LLC
Longwave Financial, LLC
Lordship Capital
Lowcountry Wealth Group
Lowry & Lowry, Inc.
Lowry Financial Advisors, Inc.
Luce and Associates
Lyskin Financial Advisory, Inc.
M3 Capital Management
MFG/Martone Financial Group
MG Advisory Group
MJ Baker Financial Advisors
MJC Wealth Management
Mack Financial Consulting
Macwilliam Financial Group
Madigan Wealth Management
Madison Financial Planning Group
Maguire Investments, LLC
Mahalak Financial Management
Mahoney Wealth Strategies, Inc.
Mainsail Capital Management
Malmborg Wealth Consulting Group
Mammini Company
Maplecross Wealth Management, LLC
Mapp Investment Services, LLC
Marathon Financial
Marin Wealth Solutions
Marsh Wealth Services
Martin, Wardin & Eissner Financial Group
Master Plan Investment Group
Masterplan Financial Group
Matt 25 Capital
McCaskill Financial
McKee Asset Management
McMahan Asset Management
Medeiros Financial Services, Inc.
Meritage Financial Strategies, LLC
Merkle Financial Group
Merrigan Financial Strategies
Merrill Financial Associates
Mesch Wealth Advisors
Meservey Financial Group
Messett Financial
Michael Roberts Associates, Inc.
Michael S. Warren & Company
Middlesex Financial Group
Midstate Wealth Management
Milestone Financial
Milestone Investment Management
Milestone Investment Management LLC
Miller Ferrari Wealth Management
Miller Investment
Miller McCurry
Modern Wealth Management
Molnar Associates
Momentum Wealth
Montanari Financial
Monterey Custom Wealth Management
Montgomery & Company
Morpheus Family Wealth
Morris Financial Services
Mosaic Wealth Partners
Motivus Wealth Management
Mountain One Investments Group
Mountview Financial
Mpact Financial Group
Multiplan Financial Services, Inc.
Murphy Financial Group
Murphy Matza Wealth Management
NXT Phase Financial Services
Nagai Wealth Management
Namack Portfolio Investment Professionals, LLC
Natoli Wealth Management
Nava Stamp & Company
Navigate Financial
Nelson Murphy Insurance & Investments LLC
Nestor Financial Network
New England Wealth Management, LLC
New Harbor Financial Management
Newbury Wealth Management, LLC
Newton Financial Solutions, LLC
Nexus Financial Network, LLC
Niehaus Financial Services, LLC
Nine Pillars
North Country Financial Group LLC
North Point Wealth Management
Northstar Financial Group
Northstar Financial Partners
Northstar Investment Management
Norton Financial Consultants
Norwich Financial, LLC
Novus Wealth Strategies
Noyes-Ryder Wealth Management
Oak Branch Financial
Oak Leaf Wealth Management Services
Oakstead Wealth Management
Oaktree Financial Advisors, Inc.
Oakwood Financial Network, LLC
Oasis Wealth Partners
Ocean Financial
Offenburger Capital Management LLC
Olson Financial Group
Omnica Wealth
One Retirement Source
Openroad Wealth Advisors
Opti(k)
Opus 111 Group
Orazio Financial Services
Orion Wealth Consultants, LLC
Oswald Konz Financial Group
Otto & Dunne Financial Group
Owings Financial Services
PBJ Wealth Management
Pacific Crest Wealth Planning
Pacific Private Wealth Services
Pacific Wealth Partners
Palmer Wealth Group
Paradee Financial
Paragon Financial Services
Paris International Corporation
Park Avenue Investments
Park View Wealth Management
Parker Allen and Company, LLC
Parker Financial Associates
Parkview Financial
Parliament Wealth
Pathfinder Wealth Advisors
Pathfinder Wealth Consulting
Pathway Wealth Partners
Patrick Funke & Associates, Inc.
Paul Santucci Financial Services
Pegasus Wealth Management
Peloton Wealth Management
Pension & Benefits Associates, Inc.
Peoples & Co Private Wealth Stewardship
Peoples Financial Planning
Peoples Wealth Management
Peridot Wealth Partners, LLC
Perry Financial Strategies
Peterson Wealth Advisors
Physicians Wealth Care, LLC
Pick & Roll Wealth Management and Transfer
Pickler Wealth Advisors
Pillar Financial Group
Pillar Wealth Management of Colorado
Pin Wealth, LLC
Pinnacle Financial Strategies, LLC
Pinnacle Private Wealth
Pipes Insurance Services, LTD.
Piscura Family Financial Advisors
Plan to Prosper
Planstrong Investment Management
Planwise Financial Group
Port Wealth Management
Potomac Financial Private Client Group, LLC
Powell Financial Group
Pratt Wealth Management
Precision Financial Planning
Premier Portfolio Strategies
Premier Wealth Wa
Prevision Wealth Planning
Priem Financial Group
Prosperity, LLC
Provident Financial Planning & Investment Management
Provident Wealth Planning, LLC
Provision Financial
Ps&e Plan to Prosper
Pursuit Wealth Group
Q3 Capital Management, LLC
Quantis Wealth Management
Quest Financial Group
R&R Wealth Management
R2 Financial Strategies
RFG Associates, LLC
RNL & Associates
RS Wealth Management
RSF, LLC
RZB Wealth Management, LLC
Ramaiah Financial
Rampart Wealth Management
Raven Point Wealth Management LLC
Rawe Financial
Rea Wealth Management
Redcon Capital
Reed Lake Private Wealth
Reffsin Financial
Reilly Financial Group
Reinsurance Max Investment Services
Reliance Financial Advisors
Remo Financial
Rendler and Associates, LLC
Retirement & Estate Investment Services
Retirement Capital Advisors
Retirement Lifestyle Consultants Wealth Management
Retirement Plan Rollover Specialists, LLC
Retirement Wealth Partners LLC
Rexroad Retirement & Wealth Management
Riverpark Financial Group
Riverstone Private Wealth Advisors
Rob Otwell and Associates
Rogers Wealth Management
Romano & Romano Financial, LLC
Ruchin & Associates, LLC
Ryan Wealth Advisors
SG Wealth Management Group
Safe Harbor Wealth Management, Inc
Safe Port Financial Associates, LLC
Safranek Financial Group
Sage Creek Planning and Investments
Sagepointe Wealth Management
Sagerock Wealth Partners
Salt City Financial Advisors
Sandlapper Wealth Advisory
Santoro Financial Planning Group
Savannah Wealth Group
Scalia Wealth Management, LLC
Schmocker Financial Services
Schmoyer Financial Associates
Schneider Wealth Strategies
Scott E Muma Wealth Management
Screaming Eagle Wealth Management
Scribner Financial Services
Sda Wealth Strategies
Seaway Financial
Seide Financial Group
Selah Financial Services
Select Financial Services Group, Inc.
Sentinel Wealthcare
Shadduck Financial
Shamrock Wealth Management
Sherr Financial Associates
Sherrill Wealth Management
Shira Financial
Shoreline Wealth Partners
Shorepoint Advisory Group
Shultz Wealth Management LLC
Sierra Family Wealth
Sierra Pacific Wealth Advisory Group
Silver Leaf Investment Advisors
Simple Impact, LLC
Sims Financial Services LLC
Siskiyou Wealth Management, LLC
Sloan Financial Group, LLC
Somerset Hills Wealth Management
Sonder Financial
Sonder Wealth Advisors
Sonnenberg Financial Solutions
Sophia Wealth Strategies
Soundview Wealth Management Group, LLC
Sowa Financial Group
Sparks Financial Services
Spinnaker Wealth Management
Spring Ridge Financial Group, LLC
Starr Wealth Strategies, Inc.
Stars and Stripes Financial Services
Steady Path Retirement
Steelpillars Financial
Steffens Financial Corp.
Steilacoom Investments
Stephen Leavitt Financial
Stephen M. Leavitt
Sterling Financial Group
Sterling Retirement Consulting
Sterling Wealth Management
Sterling Wealth Management, LLC
Sterling Wealth Partners
Stern & Heatwole Financial Group, PC
Stewardship Investment Planning
Stillwater Planning Group
Stoia Financial
Stone Financial
Stoneburner Wealth Management, LLC
Stonehedge Financial
Stoneworth Financial Group
Stout Asset Management, LLC
Strategic Edge Wealth Management
Strategic Financial Alliance
Strategic Financial Divorce Planning
Strategic Financial Solutions
Strategic Planning Group
Strategic Retirement Group
Strategic Wealth Management
Sullivan Financial Services, Inc.
Summit Wealth Management
Sweet & Associates
Swift Financial Services, Inc.
Swisdom Financial
Synergy Financial Advisors
T.A. Holland & Co
TJB Financial Services, Inc.
TMK Advisors
TRG Wealth Management
Talents Financial Planning and Wealth Management
Target Retirement Solutions
Teacher Retirement Planning Services
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Registration details

Legal name: Commonwealth Equity Services, LLC
Headquarters: 275 Wyman Street, Suite 400, Waltham, MA 02451-1200
Phone: 781-736-0700
Website: www.commonwealth.com
SEC file: 801-41541
Structure: Massachusetts LLC
Fiscal year end: December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Commonwealth Equity Services have?

Commonwealth Equity Services has 360,488 clients and manages $212.7 billion for them, as of September 2026. They include 314,099 other individuals, 41,874 high-net-worth individuals and 2,603 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 29 September 2026

What services does Commonwealth Equity Services offer?

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Commonwealth Equity Services use?

Commonwealth Equity Services’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $205,519,713,988. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 September 2026

How many financial advisors does Commonwealth Equity Services have?

Commonwealth Equity Services has 2,950 investment adviser representatives registered with state securities authorities, out of 4,200 employees, and 2,650 perform investment advisory functions. 2,600 are registered representatives of a broker-dealer and 2,300 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Commonwealth Equity Services invest in?

At the end of its last fiscal year, Commonwealth Equity Services’ separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 14% exchange-traded equities, 6% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% structured notes, structured cd's and annuities. It advises no private funds of its own.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Commonwealth Equity Services?

Commonwealth Equity Services is owned through a chain of holding companies by LPL Financial Holdings Inc. Its direct owner is 1979 Holding Company, LLC (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 29 September 2026

How does Commonwealth Equity Services get paid?

Commonwealth Equity Services is paid through a percentage of assets under management, hourly charges, fixed fees and commissions. Its Form ADV lists no performance-based fees among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file