An advisory firm in Doylestown, Pennsylvania, that oversees $881 million in assets and had been affiliated with Securian Financial Services for 32 years has joined Commonwealth Financial Network, Commonwealth announced Wednesday.
Foundations Financial Partners includes Christopher Hackley, its president and managing partner; Keith Tomer, partner and senior advisor; and Roark Gover, client services director. The firm also has six advisors and five staffers.
Foundations Financial Partners has a next-gen talent development program that helps young advisors build a foundation for their careers that includes earning industry designations, according to a statement.
“We wanted to go where service and technology are consistently commended,” Hackley said in the statement. “And Commonwealth aligns well with my model for developing and training younger advisors and implementing our succession plans. Introducing, integrating, and transitioning those advisors into our business will improve the client experience.”
Hackley plans to leverage Commonwealth’s Entrepreneurial Capital offering — a suite of flexible financing options — to adopt an acquisition model and double the firm’s advisors and assets over the next five years.
Commonwealth works with more than 2,100 independent financial advisors who manage $242.9 billion in assets.
In January, Cetera announced that it was buying Securian Financial Services, and since then, dozens of Securian advisors have left the firm.
From outstanding individuals to innovative organizations, find out who made the final shortlist for top honors at the IN awards, now in its second year.
Cresset's Susie Cranston is expecting an economic recession, but says her $65 billion RIA sees "great opportunity" to keep investing in a down market.
“There’s a big pull to alternative investments right now because of volatility of the stock market,” Kevin Gannon, CEO of Robert A. Stanger & Co., said.
Sellers shift focus: It's not about succession anymore.
Platform being adopted by independent-minded advisors who see insurance as a core pillar of their business.
RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.
As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.
