Commonwealth Expands Model Portfolio Platform to Provide Advisors Greater Choice and Control

Preferred Portfolio Services^® (PPS) Select simplifies and scales investment management for advisors.

Commonwealth Financial Network, a national firm dedicated to providing financial advisors with holistic, integrated business solutions, announces the expansion of its in-house investment management platform, PPS Select. The expanded model platform empowers Commonwealth’s advisors to deliver on their client’s unique investment goals while gaining scale and efficiencies in their advisory practices.

With PPS Select, advisors can lean on Commonwealth’s investment expertise that pursues competitive performance across more than 100 diversified model portfolio solutions, simplifying the investment management process. To learn more about the benefits of PPS Select, visit https://www.commonwealth.com/advisor-solutions/holistic-investment-solutions.

From 2019 to 2022, average production growth for advisors leveraging PPS Select was higher than those who opted to retain full control of investment management responsibilities. In fact, advisors who outsourced to PPS Select grew their production 36 percent in those three years, compared to 29 percent for those who didn’t use the program. Advisors who delegate investment oversight to Commonwealth’s experts have ultimately been able to spend more time on their value-adds.

Brad McMillan, managing principal and chief investment officer, said, “Commonwealth is continually elevating its ability to help advisors be their best. PPS Select reflects our ongoing investment in and commitment to products that remove complexities for advisors. By outsourcing investment-related tasks, our advisors are able to focus more on delivering competitive, consistent results to their clients. The newest iteration of PPS Select provides advisors with even greater choice, control, and flexibility.”

The newest offering, PPS Select Compass, allows advisors to retain control over client portfolio construction while outsourcing the time-consuming tasks of due diligence, ongoing monitoring, and operational functions to Commonwealth’s seasoned team of experts. It provides advisors access to a range of diversified sleeve portfolios, from passive and active to tax-aware, as well as alternatives and sustainably focused solutions. PPS Select Compass was designed to help advisors simplify money management across their advisory practices.

“Every client has a ‘sweet spot’ where return, risk, diversification, liquidity, and values converge,“ said Brian Price, managing principal, investment management and research. “PPS Select Compass seeks to transform advisors’ ability to deliver competitive, customized investment management to clients at scale. Ultimately, advisors have greater control and flexibility than ever to help effectively meet their clients’ goals while gaining more time to spend enhancing client relationships.”

Commonwealth’s Investment Advisory Consulting team can help advisors identify the appropriate model solutions for each client based on their investment objectives, and the Investment Management and Research team provides ongoing portfolio management insights and analysis.

About Commonwealth Financial Network^®

Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides financial advisors with holistic, integrated solutions that support business evolution, growth acceleration, and operational efficiency. J.D. Power ranks Commonwealth “#1 in Independent Advisor Satisfaction Among Financial Investment Firms, 10 Times in a Row.” Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California. Learn more about how Commonwealth partners with more than 2,100 independent financial advisors overseeing more than $242.9 billion* in assets nationwide by visiting www.commonwealth.com.

Commonwealth received the highest score among independent advisors in the J.D. Power 2010, 2012, 2013, 2014, and 2018‒2023 U.S. Financial Advisor Satisfaction Studies. Presented on July 5, 2023, for December 2022 to April 2023, it is based on responses from 4,183 advisors employed by or affiliated with the firms included in the study. Not indicative of the firm’s future performance. Your experience may vary. Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee. Visit jdpower.com/awards for more details.

About PPS Select

The PPS Select program, available to clients through Commonwealth advisors, is a wrap program managed by Commonwealth’s Investment Management and Research Team. In a PPS Select account, each client holds a selection of underlying securities in an asset-allocated portfolio. Investing is subject to risk, including the loss of principal, and there is no guarantee that any investing goal will be met.

* As of 12/31/2022

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