Commonwealth Financial Network, a Waltham, Massachusetts-based independent broker-dealer, said Pinnacle Private Wealth, a firm that managed $220 million in assets at Associated Investment Services, is joining Commonwealth via an affiliated firm, Integrated Equity Management.
Kimberly, Wisconsin-based Pinnacle Private Wealth is led by senior partners Todd Funk and Kelly Watzka.
Funk has 30 years of experience, according to his BrokerCheck report, and had been affiliated with Associated Investment Services since 2006. Watzka has 26 years of experience, according to BrokerCheck, and had been affiliated with Associated since 2010.
Commonwealth said in a statement that Pinnacle, which has experience in creating goals-based financial plans for retired and preretired individuals and families, aims to do more around retirement plans for small businesses.
“Going independent and taking ownership of our books of business were our main goals,” Funk said in the statement. “At Commonwealth, we found that aligning with another independent firm would allow us to choose our own path forward while also receiving the freedom and support we need to expand our retirement plan offering.”
Integrated Equity Management is a wealth management firm affiliated with Commonwealth that has $830 million in assets. Pinnacle is joining IEM Partners, a division of Integrated Equity that works with advisors looking to go independent.
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