Commonwealth Financial Network has snagged a $1 billion team from Edward Jones. Commonwealth announced Tuesday that Temple, Texas-based Cedarwood Financial Partners made the move.
“Cedarwood has a clear vision for deliberate, purposeful growth that we share and a conscious commitment to fostering culture and connectedness that we’re very much in sync with, too,” said Commonwealth managing principal Becca Hajjar in a statement.
“We’re delighted to support their evolution and look forward to helping them shine in the independent space,” Hajjar added.
The Cedarwood team includes managing partners and advisors Dylan Ripley and Todd Vincent. The firm, which has three offices in Texas and two in western New York state, provides advanced financial planning services to individuals and businesses, and focuses on retirement income and planning strategies, executive benefits and 401(k) plans, and managing the intricacies of trusts, estate transfers, and other complex situations.
“We knew we wanted to own our own business,” Ripley said. “Once we saw that we could have the freedom and the exceptional back-office support in one, we couldn’t unsee it.”
Commonwealth partners with more than 2,000 independent financial advisors overseeing more than $272.9 billion in assets nationwide.
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.
