About Commonwealth Financial Network
<p>Founded in 1979, Commonwealth Financial Network supports advisors with a platform built around planning, investment management, and practice operations. The firm reports $344.0B in AUM (2026).</p> <p>Headquartered in Waltham in the Greater Boston area, Commonwealth also has offices in San Diego and Cincinnati, giving it a presence across the Northeast, Southern California, and the Midwest. Alongside brokerage and registered investment adviser services, the firm provides investment research, planning support, and insurance solutions.</p> <p>For plan sponsors, Commonwealth can act as an ERISA fiduciary through 3(21) and 3(38) services. Advisors can use the firm’s resources to build proposals, document fiduciary roles, and coordinate retirement plan work with other <a href="/retirement-plans">retirement plan providers</a>.</p> <p>One differentiator is its advisor-centric operating model, with multiple affiliation options and in-house support teams that cover research, planning, compliance, technology, marketing, and outsourced business functions. Commonwealth has also been named one of the 50 Best Places to Work in Massachusetts.</p> <ul> <li>3(21) fiduciary services for co-fiduciary investment support</li> <li>3(38) fiduciary investment management programs</li> <li>Investment research and portfolio guidance</li> <li>Planning support and insurance solutions</li> <li>Practice support: compliance, technology, marketing, and operations</li> </ul>
Website: https://www.commonwealth.com/contact-us
Founded: 1979
Office Locations
- Waltham, MA (Headquarters)
- San Diego, CA
- Cincinnati, OH
Services Offered
- 3(21) Investment Advisor
- 3(38) Investment Manager
Client Statistics (2026)
- Total Clients: 0
- Total AUM: $344.0B
Plans Serviced (2025)
Largest plans where this firm is listed as a service provider (Schedule C) or IQPA (Schedule H) on the most recent filings (From Form 5500).
| Plan | Sponsor | Assets | Participants |
|---|---|---|---|
| CLEVELAND CLINIC SAVINGS AND INVESTMENT PLAN | THE CLEVELAND CLINIC FOUNDATION, OH | $9.2B | 68,206 |
| YALE UNIVERSITY RETIREMENT ACCOUNT PLAN | YALE UNIVERSITY, CT | $8.3B | 13,709 |
| EMORY UNIVERSITY RETIREMENT PLAN | EMORY UNIVERSITY DIVISION OF HUMAN RESOURCES, GA | $5.5B | 21,409 |
| PAYCHEX POOLED EMPLOYER 401(K) PLAN | PAYCHEX RETIREMENT LLC, NY | $1.8B | 621,703 |
| WPMG 401(K) RETIREMENT SAVINGS PLAN | WASHINGTON PERMANENTE MEDICAL GROUP, P.C., WA | $1.5B | 1,654 |
| JACK HENRY & ASSOCIATES, INC 401K RETIREMENT SAVINGS PLAN | JACK HENRY & ASSOCIATES INC, TX | $1.4B | 7,243 |
| PARKVIEW HEALTH SYSTEM, INC. 403(B) PLAN | PARKVIEW HEALTH SYSTEM, INC., IN | $928M | 16,216 |
| HYPERTHERM ASSOCIATE STOCK OWNERSHIP PLAN | HYPERTHERM, INC., NH | $872M | 1,450 |
| PARKVIEW HEALTH SYSTEM, INC. RETIREMENT SAVINGS PLAN | PARKVIEW HEALTH SYSTEM, INC., IN | $794M | 16,216 |
| NELSON MULLINS RETIREMENT PLAN | NELSON MULLINS RILEY & SCARBOROUGH LLP, SC | $679M | 1,831 |
| PRINCIPAL EASE 401(K) PLAN | PRINCIPAL LIFE INSURANCE COMPANY, IA | $651M | 161,040 |
| M. C. DEAN, INC. 401(K) PLAN | M.C. DEAN, INC., VA | $475M | 5,870 |
| DAY PITNEY PROFIT SHARING AND 401(K) PLAN | DAY PITNEY LLP, NJ | $376M | 650 |
| OPEN PEP | PLAN PROFESSIONALS, LLC, NJ | $354M | 18,762 |
| RYAN COMPANIES US, INC. RETIREMENT PLAN | RYAN COMPANIES US, INC., MN | $324M | 1,520 |
| DATADOG 401(K) PLAN | DATADOG, INC., NY | $301M | 3,948 |
| HYPERTHERM, INC. RETIREMENT SAVINGS PLAN | HYPERTHERM, INC., NH | $297M | 1,533 |
| UNITED PENSION PLAN | UNITED FIRE & CASUALTY CO, IA | $241M | 652 |
| SANSUM SANTA BARBARA MEDICAL CLINIC, INC. PROFIT SHARING PLAN | SANSUM SANTA BARBARA MEDICAL CLINIC, INC., CA | $236M | 241 |
| ASCENSUS SECURE RETIREMENT POOLED EMPLOYER PLAN | NEWPORT GROUP, INC., CA | $206M | 11,059 |
Showing top 20 of 474 plans serviced in 2025.