$3B San Diego-based firm joins Commonwealth

Mammini Co., a San Diego-based firm that oversaw nearly $3 billion in client assets at Lincoln Investments, has affiliated with Commonwealth Financial Network, Commonwealth announced Tuesday.

Mammini has a team of eight, led by owner and president Mike Mammini, including four advisors, one of whom is Mammini’s son, Mitch.

The firm, founded more than 30 years ago, focuses on working with labor unions and corporate sponsors of retirement plans.

“The foundation of our defined-contribution retirement plan practice stems from my father’s leadership in the Sheet Metal Workers’ Union and has forged our roll-up-your-sleeves approach to designing sustainable retirement plans for working-class families,” Mike Mammini said in a statement.

He said affiliating with Commonwealth will give the firm the fuel to grow, particularly in the trust fund and retirement plan markets. “We see big value in Commonwealth’s institutional knowledge, the full investment research team, and the accessible support of being eight miles away from the San Diego home office."

Mike Mammini has 35 years of experience, according to his BrokerCheck report, starting at Pruco Securities in 1987, and had been affiliated with Lincoln since 2012.