Bolstering its new parallel business for investment advisers, Commonwealth Financial Network has hired Matthew Chisholm, formerly head of practice management and consulting at Fidelity Clearing & Custody Solutions.
Mr. Chisholm will head RIA services and practice management at Commonwealth, a new position.
In his role, Mr. Chisholm will “ensure that the firm’s advisers have access to the consultants, programs and resources they need to build the scalable and sustainable business they want,” the company said in a release.
Commonwealth said that as of the end of January, 119 of its advisers had switched to a fee-only business model.
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
