At a glance
- Mosaic's $200 million equals about 1.9% of the $10.6 billion in regulatory assets ASN reported in its Oct. 23 Form ADV filed with the SEC, though the two figures are not directly comparable.
- Advisors weighing a platform change can use the criteria Eric Jaffe, Mosaic's managing director, said ASN met: technology, custodian relationships and marketing support.
- Jaffe has more than two decades in financial services, including earlier roles at AXA Advisors and the U.S. Attorney's Office for the District of Columbia, according to the release.
Mosaic Wealth Partners, a Bethesda, Maryland, firm managing more than $200 million, left Commonwealth Financial Network and joined Advisory Services Network as a member, ASN announced Nov. 10.
Mosaic's $200 million equals about 1.9% of the $10.6 billion in regulatory assets ASN reported in its Oct. 23 Form ADV filed with the SEC, though the two figures are not directly comparable.
Advisors weighing a platform change can use the criteria Eric Jaffe, Mosaic's managing director, said ASN met: technology, custodian relationships and marketing support. Terms were not disclosed.
Jaffe has more than two decades in financial services, including earlier roles at AXA Advisors and the U.S. Attorney's Office for the District of Columbia, according to the release. His team works with retirees and pre-retirees.
The firm said Mosaic is its 25th new group this year and 45th since the start of 2025, a pace of roughly one new group every two weeks in 2026.
Commonwealth is heading into a mid-November conversion. As Private Wealth Daily previously reported, LPL cut its Commonwealth retention forecast to 83%, which implies about $51 billion of Commonwealth client assets would leave before the conversion.
Reported by the Moves desk from GlobeNewswire and Form ADV (SEC IAPD). Published . Corrections