Firm with $881 million in assets will take advantage of Entrepreneurial Capital program to support its acquisition and succession plans.
Commonwealth Financial Network®, a national firm dedicated to providing financial advisors with holistic, integrated business solutions, announces the addition of Foundations Financial Partners of Doylestown, Pennsylvania, to its network of financial advisors. Formerly with Securian Financial Services for 32 years, president and managing partner Christopher Hackley, CFP®, ChFC®, CLU®, AIF®, RICP®, partner and senior advisor Keith Tomer, client services director Roark Gover, ChFC®, CPA, along with six advisors and five supporting team members, bring with them $881 million in client assets.
The Foundations Financial team integrates all aspects of wealth management, including financial planning, investment advisory, and risk management services. Hackley spent over a decade planning and implementing a specialized, homegrown development program for new advisors. This program helps next-gen advisors attain important industry designations and develop the foundation necessary to prosper in their careers. In turn, these advisors offer clients a breadth of experience usually reserved for ultra-high-net-worth individuals. To learn more about Foundations Financial, visit https://www.foundationsfinancial.com/.
In deciding to join Commonwealth, Hackley sought a service-oriented firm with an independent ownership structure. To strengthen his efforts to hire and train new talent, he also sought support for his firm’s robust next-gen advisor development program. Additionally, he plans to leverage Commonwealth’s Entrepreneurial Capital offering—a suite of flexible financing options—to adopt an acquisition model and double the firm’s advisors and assets over the next five years.
“I intentionally moved from a lifestyle business to an enduring financial practice more than 10 years ago,” said Hackley. “Commonwealth has the capital to back my growth goals, and they’ve had a stable ownership structure for more than 40 years. That gives me tremendous confidence this will be a lasting partnership and that their guidance will help us serve our clients with advanced products and advisory resources.”
Hackley cited Commonwealth’s advisor-centric professional support, practice management expertise, and integrated technology as areas that assured him the firm was the perfect fit.
“We wanted to go where service and technology are consistently commended,” Hackley added. “And Commonwealth aligns well with my model for developing and training younger advisors and implementing our succession plans. Introducing, integrating, and transitioning those advisors into our business will improve the client experience. I look forward to tapping into Commonwealth’s tools and resources for recruiting and development support.”
“We’re thrilled to have a firm as forward-looking as Foundations Financial join us,” said Becca Hajjar, managing principal and chief business development officer at Commonwealth. “Christopher puts significant thought and planning into every aspect of his business, and his decision to join us was no exception. Commonwealth is well-suited to support Foundations Financial’s deliberate growth model, and we look forward to a successful partnership throughout their journey.”
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. 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.
* As of 12/31/2022
View source version on businesswire.com: https://www.businesswire.com/news/home/20230614113262/en/
Contacts
For additional information:
Sarah Baun
Public Relations Manager
Commonwealth Financial Network
www.commonwealth.com
781.464.7138
sbaun@commonwealth.com
