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Wednesday, October 28, 2026 · Today’s edition, 6:30 a.m. ETWed, Oct 28 · 6:30 a.m. editionSign inMy Desk 0EditionsSign in
Private Wealth Daily
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Commonwealth Financial Network

WALTHAM, MA
CRD: 8032
In network coverage since September 25, 2026 · 16+ stories
$213BRegulatory AUMSEC Form ADV · Oct 24
4,200EmployeesForm ADV
-15Talent net · 12 months0 in · 15 out
Regulatory AUM · Aug 16 – Oct 24
Observed recruiting events · 12 monthsOn the wire →
Net -15 · 0 incoming events · 15 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
Network coverage
Recruiting & transitions

LPL cuts Commonwealth retention forecast to 83%

The reduced forecast implies about $51 billion of Commonwealth client assets would leave before the mid-November conversion.
Moves · Oct 22Kintra Wealth adds Scott Seymour's $355M Great Scott practice
Moves · Oct 21LPL names Ken Hullings head of advisor recruiting
Moves · Oct 14LPL adds $1B Seattle team from Northwestern Mutual; Raymond James recruits $350M Georgia practice
Moves · Oct 12UBS leads 30-day advisor departures; Cetera Planning Partners leads arrivals
Features · Oct 12Wells Fargo FiNet logs 11-advisor team liftout from Ameriprise
Features · Oct 11Scott Hardy team leaves Commonwealth Financial Network for Summit Wealth Group with $189 million
M&A · Oct 7Merit Financial buys $1.1B New York practice, its 10th Commonwealth team
Moves · Oct 7Cetera recruits Commonwealth advisor Cynthia Doussard, $235M AUA
The Wrap · Oct 5Cetera and LPL add teams from Commonwealth and Cambridge on the same day
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
The Close · Sep 25The scarce input in consolidation is now the executive bench
The Advisor's Note · Sep 25Ameriprise’s retention check is now a recruiting benchmark

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