Commonwealth Financial Network announced today that it has added Kramer Wealth Strategies, a Massena, N.Y.-based firm with $138 million in assets under management to its network of independent financial advisors.
Financial advisor and principal Dale Kramer heads the firm, which previously was with Morgan Stanley. It focuses on helping clients tackle life’s pivotal decisions in retirement and estate planning with an emphasis on customized portfolio management, according to the announcement.
Kramer, who along with his support team have more than 60 years of combined industry experience, with clients in 18 states, said when he was exploring moving to the independent channel, he looked for a firm that would allow him to focus entirely on his clients, nurturing the trust he has built with them over his 37-year career.
“The team of people who work at Commonwealth reflect my values, goals and beliefs regarding the importance of serving clients in a manner that benefits their needs,” he said in a statement. “I am looking forward to building a financial service practice wholly based on the needs of our clients, and I am confident that Commonwealth’s privately owned, familial business will help us thrive.”
Kramer and his support staff, the announcement noted, will draw on Commonwealth’s open architecture, myriad financial planning tools, and extensive advanced planning resources to help clients achieve their goals as well as reclaim their autonomy.
Andrew Daniels, Commonwealth’s managing principal, business development, said, “Leaving the known quantity of the wirehouse environment for the unknowns of independent business ownership can be daunting, and we’re proud to offer transition support with a focus on a soft landing."