Latest news with #financial advisors
Yahoo
16 minutes ago
- Business
- Yahoo
Service Excellence Propels Commonwealth to Twelfth Consecutive #1 Ranking from J.D. Power for Independent Advisor Satisfaction
Advisor feedback about what helps advance practices is the heart of the Commonwealth service model. WALTHAM, Mass., July 16, 2025--(BUSINESS WIRE)--Commonwealth Financial Network®, a national RIA dedicated to providing financial advisors with holistic, integrated business solutions, ranks "#1 in Independent Advisor Satisfaction Among Financial Investment Firms 12 Times in a Row" by J.D. Power. Commonwealth received an overall satisfaction score of 834 on a 1,000-point scale, outpacing the next-highest-ranked firm in the segment by 93 points, according to the J.D. Power 2025 U.S. Financial Advisor Satisfaction Study℠. In addition to its overall #1 ranking, Commonwealth achieved the highest score in every reported key driver of advisor satisfaction—compensation, leadership and culture, professional development, products and marketing, operational support, and technology. In expressing his gratitude to Commonwealth advisors, Wayne Bloom, CEO of Commonwealth, said, "Thank you to the most productive Advisors in the industry for the decades of essential feedback that have helped build the foundational ethos of continuous improvement, which has driven us to a dozen consecutive #1 rankings. You have consistently shared how to make it easier for you to do business, how to enhance your client relationships, and how to elevate your practices—and it has been this feedback that has fueled each of our #1 rankings! And as gratifying as they are, nothing compares to the satisfaction of helping you grow your business and supporting you as you help your clients achieve their dreams and goals. This is the heart of the Commonwealth model." Commonwealth is embarking on an evolution as it prepares to join LPL Financial later this year. "We have succeeded because we've evolved to meet our Advisors' needs. That's never been truer than now, as we launch this community into our next chapter," said Bloom. "I've seen Advisors' questions about the future turn into excitement because they know they will gain access to LPL's scale, capital opportunities, robust solutions, and expert resources. Advisors will continue to benefit from the award-winning service model they've come to know and love, with all these additions to help them succeed." "We are now building the Commonwealth of the future with our partners at LPL—powered by the best of both firms and designed to innovate in a constantly changing industry," added Bloom. About Commonwealth Financial Network® Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides financial advisors with holistic, integrated solutions that support business evolution, growth acceleration, and operational efficiency. J.D. Power ranks Commonwealth "#1 in Independent Advisor Satisfaction Among Financial Investment Firms, 12 Times in a Row."* Founded in 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California, and an operations hub in Blue Ash, Ohio. Learn more about how Commonwealth partners with approximately 2,345 independent financial advisors overseeing more than $344 billion** in assets nationwide by visiting *Commonwealth received the highest score among independent advisors in the J.D. Power 2010, 2012–2014, and 2018‒2025 U.S. Financial Advisor Satisfaction Studies. Presented on July 16, 2025, for December 2024 to April of 2025, it is based on responses from 3,698 advisors employed by or affiliated with the firms included in the study. Not indicative of the firm's future performance. Your experience may vary. Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee. Visit for more details. **As of 12/31/2024 View source version on Contacts For additional information, contact:Sarah Baun781.464.7138sbaun@ Public Relations ManagerCommonwealth Financial Sign in to access your portfolio
Forbes
2 days ago
- Business
- Forbes
Wealthy Investors Want AI-Driven Financial Guidance, New Data Shows
Amid market turmoil, high-net-worth individuals (HNWIs) are showing less faith in their financial advisors. Among the 71% who use an advisor, only a third are completely satisfied with their advisor's performance in the last year, according to the Forbes Research 2025 High Net Worth Survey, which was fielded between April and May. The study surveyed 250 people globally with over $2 million in investable assets. New Forbes survey data reveals that high-net-worth individuals are seeking AI-driven tools and ... More high-tech financial advice. So, which investing skills and tools do the wealthy value now? For one thing, they're looking for advisors who leverage advanced technology, such as artificial intelligence. Ahead, explore the survey's key findings on how HNWIs' investing and financial advisor priorities are changing. What's Driving The Decline In Investor Confidence? Forbes asked respondents if recent market volatility has increased their trust in their financial advisor to take a more active role in managing their portfolio. A little over half of respondents said yes, down from 89% last year. In addition to decreased trust, overall investor dissatisfaction extends to other areas of HNWIs' wealth strategies, with respondents expressing lower confidence in their estate plans (down 24%), tax efficiency (down 28%) and inflation-proofing (down 41%), compared to 2024. The Edge For Investors: Innovation As The New Standard The data revealed that HNWIs are recalibrating their definition of a 'good financial advisor,' with innovation influencing their new standard. Among the wealthy, the modern expectation for financial expertise is increasingly AI-driven, forward-looking and proactive. HNWI are also integrating AI into their own strategies to stay ahead of market trends and make more informed decisions. A staggering 97% now use AI-driven tools in their investment strategies, up from 74% in 2024. Wealthy investors are not only placing trust in disruptive technologies; they also view innovation as essential to keeping up in today's uncertain economic times.
