Commonwealth Financial Network, a privately held RIA and independent broker-dealer, has recruited Spiegelman Wealth Management.
Spiegelman is the 19th advisor firm to join Commonwealth since the start of 2018, according to Commonwealth’s managing principal of business development Andrew Daniels.
The firm, which is based in Lafayette, Calif., manages $350 million in assets under management and comes from Northwestern Mutual.
“This is a hardworking family office that offers white-glove service to its clients, and we look forward to providing that same level of service to this team,” said Daniels.
Daniels also reported that Commonwealth has gross revenue of $9 million ($500,000 per producer), as of date, which Daniels said is on a par with last year.