commonwealth financial network subsidiaries

Financial advisors Neil Hoyt, Rachel Roney, Jeffrey Klein, Sonnet Loftus and Paul Ahrens of Michael Roberts Associates left Cadaret, Grant after. The firm is also affiliated with a number of other companies in the financial services industry, including with a broker-dealer or securities dealer and. Submitted before the State Electoral Commission on December 10, 2015. Case No. CEE-SA-16-217. commonwealth financial network subsidiaries

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Источник: https://www.commsec.com.au/

OUR COMPANY

Commonwealth Financial Group was established in 1857 with the commitment commonwealth financial network subsidiaries providing extraordinary financial services to individuals, families, business owners, and companies. Over 160 years later, the agency’s original mission is still observed. What has changed is the continuously expanding national footprint. We look forward to the ongoing empowerment of current and future clients to take the steps towards achieving financial confidence.

OUR CULTURE & VALUES

Commonwealth Financial Group’s culture is characterized by teamwork, trust, cooperation, and collaboration. We deploy a team-based, holistic approach to meet the needs of our clients. While striving to consistently deliver the finest level of service available, we hold ourselves accountable to the very highest level of integrity and ethical standards.

OUR MISSION

Our mission is to maintain our position as a world-class provider of financial services by seeking to equip each of our clients with a clear path to financial confidence, as well as a true sense of financial clarity and empowerment.

 

Источник: https://www.commonwealthfinancialgroup.com/our-company

INDIANA, PA--(Marketwired - December 05, 2016) - First Commonwealth Financial Corporation (FCF) today announced that its banking subsidiary, First Commonwealth Bank ("First Commonwealth"), completed the purchase of 13 former FirstMerit Bank, NA branches in Canton and Ashtabula, Ohio. This transaction enhances First Commonwealth's presence in Northeast Enemy at the gates Щ…ШЄШ±Ш¬Щ… by commonwealth financial network subsidiaries on its existing loan production offices in Cleveland and suburban Akron.

"We are excited to welcome nearly 40,000 new customers and over 80 new employees to the First Commonwealth team," stated First Commonwealth Financial Corporation President and CEO T. Michael Price. Price continued, "We believe this investment to expand our branch network and customer base will allow us to improve the financial lives of our new neighbors in commonwealth financial network subsidiaries communities. As a true community bank, we look forward to serving the residents and businesses of Stark, Ashtabula and surrounding counties."

First Commonwealth has converted the acquired branches and transitioned all customer accounts, with all 13 locations opened as First Commonwealth Bank branches with First Commonwealth signage on Monday morning, December 5, 2016.

Customers with questions are encouraged to call First Commonwealth's Engagement Center at (800) 711-BANK (2265), email [email protected], visit www.fcbanking.com/firstmerit, or visit their local branch.

About First Commonwealth Financial Corporation

First Commonwealth Financial Corporation (FCF), headquartered in Indiana, Pennsylvania, is a financial services company with $6.7 billion in total assets and 122 banking offices in 19 counties throughout western and central Pennsylvania and northern and central Ohio, as well as a Corporate Banking Center in Cleveland, Ohio and mortgage offices in Stow and Dublin, Ohio. First Commonwealth provides a full range of commercial banking, consumer banking, mortgage, wealth management and insurance products and services through its subsidiaries First Commonwealth Bank and First Commonwealth Insurance Agency. For more information about First Commonwealth or to open an account today, please visit www.fcbanking.com.

Источник: https://finance.yahoo.com/news/first-commonwealth-bank-announces-completion-120000107.html

Great American Life’s Fee-Based Annuity Now Available Through Commonwealth Financial Network

, --a property and casualty insurance company, issued the following news release:

at home blaine mn coupon pleased to announce its fee-based fixed-indexed annuity with optional guaranteed income rider is now available through financial advisors affiliated with Commonwealth Financial Network, the nation's largest privately held independent broker/dealer-RIA. The annuity complements those already on the firm's platform and provides an additional fee-based option in line with the firm's forward vision.

The Index ProtectorSM 7 fixed-indexed annuity, introduced inmarked Great American Life's entry into the investment advisory channel. As one of the first fixed-indexed annuities to hit this emerging market, the Index Protector 7 is designed for financial advisors who offer fee-based services.

The Index Protector 7 offers competitive earning potential, tax-deferred growth and a return of premium guarantee. In addition, consumers can add the low-cost Income KeeperSM rider, which provides lifetime income payments that could increase each year.

According toNational Sales Vice President, Great American Life, the Index Protector 7 is an opportunity for consumers to further diversify their portfolios.

"We are pleased to partner with a prominent organization like Commonwealth to offer a product that fits well into a fee-based advisory model. Due to the continued low interest rate environment, advisors may be seeking alternatives for the traditional fixed income portion of clients' investment portfolios. We feel the Index Protector 7 provides a compelling solution," said Maringer.

Additionally, Maringer states, "The future of financial services is providing consumers with choice. This should include the choice of how they pay for products and services. We believe that offering the Index Protector 7 aligns well with the future direction of our industry."

is a member of and is rated "A+" commonwealth financial network subsidiaries and "A" (Excellent) by for financial strength and operating performance.

About

The annuity operations of (GAIG) offer retirement solutions through the sale of traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Annuity subsidiaries include and. GAIG's roots go back to 1872 with the founding of its flagship company. The members of GAIG are subsidiaries of (AFG). AFG's common stock is listed and traded on the under the symbol AFG. AFG is a Fortune 500 Company with assets of more than as of commonwealth financial network subsidiaries. Learn more at GAIG.com.

About Commonwealth Financial Network

Founded in 1979, Commonwealth Financial Network, member /, is the nation's largest privately held independent broker/dealer-RIA, with headquarters inand. The firm supports more than 1,650 independent advisors nationwide in serving their clients as registered representatives, investment adviser representatives, and registered investment advisers, as well as through hybrid service models. For more information, please visit www.commonwealth.com.

07M-Furigay-5793495 07M-Furigay

Источник: https://insurancenewsnet.com/oarticle/great-american-lifes-fee-based-annuity-now-available-through-commonwealth-financial-network

Commonwealth Bank to separate wealth management and mortgage broking businesses

Commonwealth Bank will split off its wealth-management and mortgage-broking businesses into a separate company, and potentially sell its CommInsure general insurance division.

The new entity will be called CFS Group, and include under its banner:

  • Aussie Home Loans — CBA's mortgage broking business
  • Colonial First State — its superannuation, investment and retirement business, which manages more than $135 billion in funds
  • Colonial First State Global Asset Management (CFSGAM) — which manages more than $207 billion worth of global investments
  • Count Financial and Commonwealth financial network subsidiaries Wisdom — its financial advice businesses
  • CBA's minority stakes in Mortgage Choice and investment advice company CountPlus

In a statement to the market, CBA said the new company will have a "strong earnings base". In particular, a pro-forma net profit of more than $500 million, last year, amongst the businesses that will form the CFS Group.

However, CBA will still retain Commonwealth Financial Planning, its financial-advice business within its commonwealth financial network subsidiaries banking division.

Some of Australia's major banks are jettisoning their insurance and financial advice businesses in the wake of highly-publicised scandals which led to the banking royal commission.

CBA's desire to separate from these businesses mirrors ANZ's decision to sell its wealth management business OnePath Pensions for $975 million to IOOF in October 2017.

This commonwealth financial network subsidiaries followed by ANZ selling its life insurance arm to Switzerland-based Zurich Insurance for $2.85 billion in December last year.

The new company's owners and managers

While recruitment for CFS Group's future chief executive is currently underway, it has already appointed a chairman.

How did we get here?

Let's recap the events that led to the Government ending an on-again, off-again debate and announcing a banking royal commission.

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CFS's board will be chaired by John Mulcahy, formerly Suncorp's CEO and founding member of the Australian government's Future Fund.

Australia's largest bank said it was not planning to own a stake in the future CFS Group.

"CBA shareholders will receive shares in CFS Group proportional to their existing CBA shareholding," the bank said.

In other words, how many CFS shares an investor receives will depend on how many CBA shares they already own.

CommInsure potential sale

The bank plans to undertake a strategic review of CommInsure General Insurance, which provides home and contents and motor vehicle insurance — with the intention of selling this business.

Last year, CBA sold its scandal-plagued life insurance division CommInsure Life for $3.8 billion to Hong Kong-listed AIA Group.

The deal also included a 20-year distribution partnership with AIA — to continue providing insurance products to the bank's Australian and New Zealand customers.

CBA said the demerger would not affect its AIA partnership, which would also extend to the CFS Group's customers.

Why is CBA separating its businesses?

"CFS Group will benefit from a separate listing and ability to pursue its own strategies," CBA said in its ASX statement.

John Mulcahy, Suncorp's former chief executive and future chairman of CFS Group

CBA said its reason for demerging these businesses was to simplify its structure and, "focus on its core banking businesses in Australia and New Zealand".

"With innovation and disruption in wealth management increasingly favouring specialist companies, they will benefit from independence and the capacity to focus on new growth options without the constraints of being part of a large banking group," CBA chief executive Matt Comyn said.

But CBA first needs to obtain approval from its board, shareholders and regulators before its commonwealth financial network subsidiaries and mortgage-broking businesses can be split off.

Provided they all agree, CBA expects the demerger to be completed next year.

Commonwealth Bank shares fell sharply, down 2.1 per cent to $72.27 (at 12:20pm AEST).

Источник: https://www.abc.net.au/news/2018-06-25/cba-demerges-wealth-management-and-mortgage-broking-business/9905622

Commonwealth Financial Network

Year Event 1979 Firm incorporated as Commonwealth Equity Services. 1985–1987 Commonwealth was named one of Inc. magazine's 500 fastest-growing private companies in the U.S. for three consecutive years. 1991–2005 Investment Advisor magazine named Commonwealth Broker/Dealer of the Year a total of ten times.[3]1992 Commonwealth acquired Kavanaugh Securities of Dallas, Texas, to expand its commonwealth financial network subsidiaries presence. 1999 Changed name to Commonwealth Financial Network. 2000 Commonwealth opened its San Diego office. 2009 Wayne Bloom, a 20-year Commonwealth veteran and managing principal since farmers state bank of aliceville, succeeds Joseph Deitch as CEO. Mr. Deitch remains chairman of the firm. 2013 Rich Hunter, a 25-year Commonwealth veteran and managing principal since 1996, is appointed president and COO. Peter Wheeler assumes the title of Vice Commonwealth financial network subsidiaries Commonwealth ranks highest in advisor satisfaction on Wealth Management magazine's 2016 Independent Broker/Dealer Report Card. 2017 Commonwealth is honored with the Invest in Others Corporate Philanthropy Award – Financial Institutions for the firm's grassroots initiative, Chemo Caps for Kids. 2018 Kol Chu Birke, Trap Kloman, and Brad McMillan are welcomed as managing partners, spreading Commonwealth's ownership among 13 dedicated, tenured, industry experts and strengthening the firm's management ranks for years to come. 2018 Commonwealth announces Trap Kloman will assume the dual role of president and chief operating officer at year-end. Rich Hunter will remain one of 13 managing partners.[5]2018 For the fifth straight time, J.D. Power ranks Commonwealth "Highest in Independent Advisor Satisfaction Among Financial Investment Firms."[6]2018 To date, Commonwealth has been recognized a remarkable 41 times as one of the Best Places to Work by five top publications.[7]
Источник: https://en.wikipedia.org/wiki/Commonwealth_Financial_Network

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