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COMMONWEALTH FINANCIAL NETWORK
Legal name: COMMONWEALTH EQUITY SERVICES, LLC
CRD 8032File 801-41541
APPROVED
Retail clients
Custody
Disclosure events
Filing as of May 19, 2026
Feed vintage Aug 17, 2026
Regulatory AUM
$212.66B
Top 10% of cohort (national)
Discretionary AUM
$207.63B
Non-discretionary $5.03B
Clients
360,488
615,215 accounts
Employees
4,200
Top 10% of cohort in MA
Identity & registration
ADV Item 1- Organization form
- Limited Liability Company
- Firm type
- Registered
- SEC region
- BRO
- Registration date
- Jun 11, 1992
- Principal office
- 275 WYMAN STREET, SUITE 400, WALTHAM, MA, 02451-1200
- Phone
- 781-736-0700
Assets & accounts
ADV Item 5F- Total regulatory AUM
- $212.66B
- Discretionary AUM
- $207.63B
- Non-discretionary AUM
- $5.03B
- Discretionary accounts
- 598,423
- Non-discretionary accounts
- 16,792
- Total accounts
- 615,215
- AUM per client
- $590K
Clients by type
ADV Item 5D| Client type | Clients | AUM |
|---|---|---|
| Other | 2,603 | $4.13B |
| Charitable organizations | 405 | $1.08B |
| High net worth individuals | 41,874 | $108.69B |
| Pension and profit sharing plans | 1,207 | $1.95B |
| State or municipal government entities | 300 | $3.20B |
| Individuals (other than high net worth individuals) | 314,099 | $93.62B |
Compensation & activities
ADV Items 5E, 5GCompensation
- Fixed fees
- Commissions
- Hourly charges
- A percentage of assets under your management
Advisory activities
- Other
- Publications
- Financial planning services
- Selection of other advisers
- Portfolio management for other
- Portfolio management for businesses
- Portfolio management for individuals and/or small businesses
Custody
ADV Item 9- Firm Custody Cash
- Yes
- Firm Custody Assets
- No
- Firm Custody Clients
- No
- Firm Custody Securities
- Yes
- Related Person Custody Cash
- No
- Related Person Custody Assets
- No
- Related Person Custody Clients
- No
- Related Person Custody Securities
- No
Disclosure events
ADV Item 11- Q11A2
- Q11C1
- Q11C2
- Q11C4
- Q11C5
- Q11D2
- Q11D4
- Q11E2
Filed changes
| Date | Field | From | To |
|---|---|---|---|
| Aug 12, 2026 | Registration | — | APPROVED |
Every value above is reproduced from this firm's Form ADV filing. Fields the firm left blank are shown as “Not reported” rather than filled in from other sources.