Commonwealth Financial Network today announced that Mammini Company, a San Diego-based firm with nearly $3 billion in client assets, has joined its network of affiliated advisors.
Mammini Company was co-founded in 1995 by president Mike Mammini and his wife Elizabeth, who serves as chief financial officer. The staff of eight, four of whom are advisors, includes their son, Mitch Mammini.
Formerly with Lincoln Investment, the team caters mainly to labor unions and corporate retirement plan sponsors.
“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,” Mammini noted in a statement.
Mammini began his career in 1987 with Pruco Securities Corporation, according to BrokerCheck. He worked at four other firms, including Sun Investment Services Company and Capital Analysts Inc., before joining Lincoln Investment in 2012.
“Partnering with Commonwealth gives us, and our clients, access to sophisticated technology that we just didn’t have before. 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,” Mammini said. “We wanted to be with a fresh cohort—with firms of a similar size, doing similar things, that we can learn from."
“The Mammini family heritage of equipping working families with financial security is dear to the heart of the Commonwealth mission,” said Becca Hajjar, Commonwealth's managing principal and chief business development officer. “We are happy to welcome them to the Commonwealth community and look forward to merging their experience with energy and resources that fuel all our affiliated advisors.”