WALTHAM, Mass.--()--Commonwealth Financial Network® today announces the addition of Monarch Retirement Group of San Diego, California, to its network of independent financial advisors. Formally affiliated with SII Investments, Inc., Monarch Retirement Group’s founding members Jim Galante, Michael Lambrix, and Jeremy Laub, who, along with associate Adam Horde, oversee more than $250 million in total client assets.
“As Monarch continues to focus on next-generation planning, we look forward to providing the platform needed to drive steady growth and the support to build upon and strengthen their client relationships.”
“Monarch Retirement Group provides top-notch service to clients in and near retirement, and we are pleased to welcome this practice to the Commonwealth community,” said John Rooney, Commonwealth’s managing principal, San Diego. “As Monarch continues to focus on next-generation planning, we look forward to providing the platform needed to drive steady growth and the support to build upon and strengthen their client relationships.”
“The size of Commonwealth alone will have a notable impact on major existing clients, such as executives at large telecom and defense companies, who will all benefit from the increased offerings now at our fingertips,” said Mr. Galante. “At the same time, all our clients can appreciate the independently owned business model of Commonwealth.”
“A robust compliance group within Commonwealth was an area that stood out to us,” said Mr. Lambrix. “In an increased regulatory environment, this creates a strong sense of security and affords us more time to focus on our clients.” Mr. Lambrix added, “As we consider expanding our business over time, the ease of working with Commonwealth’s compliance and other resources will immediately add value.”
“Integrating Commonwealth’s extensive resources in technology will immensely increase the efficiency of our practice,” said Mr. Laub. “Additionally, as part of this transition, we will soon be launching our updated web address, www.monarchcommonwealth.com. It’s a true partnership we are building.”
About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, and a registered investment adviser, is the nation’s largest privately held independent broker/dealer, with headquarters in Waltham, Massachusetts, and San Diego, California. J.D. Power and Associates ranks Commonwealth “Highest in Independent Advisor Satisfaction Among Financial Investment Firms” two times in a row*. The firm supports more than 1,400 independent advisors nationwide and makes available a comprehensive array of financial products and services. For more information, please visit www.commonwealth.com.
*Commonwealth Financial Network received the highest numerical score in the independent advisor segment in the proprietary J.D. Power and Associates 2010 and 2012 Financial Advisor Satisfaction StudiesSM. The 2012 study was based on nearly 2,800 total responses and measures overall financial advisor satisfaction among advisors registered with Financial Industry Regulatory Authority (FINRA) investment firms. Proprietary study results are based on experiences and perceptions of financial advisors surveyed between November 2011 and January 2012. Your experiences may vary. Visit jdpower.com.
About Monarch Retirement Group
Headquartered in San Diego, California, Monarch Retirement Group is a full-service investment advisory firm specializing in helping pre-retirement and retired corporate employees pursue their financial goals. The firm provides clients with personal wealth management plans and manages more than $250 million in assets for its clients.