Industry leaders alongside Noreen Beaman advise firm on strategic plans and future growth.

Commonwealth Financial Network^®, a national firm dedicated to providing financial advisors with holistic, integrated business solutions, announces the expansion of the Commonwealth Advisory Board (“the Board”) with the addition of Noreen Beaman, a seasoned wealth management leader. Beaman will join the Board’s seven industry professionals and advise on strategic planning and future growth initiatives for the firm and its advisors.

“Adding a leader of Noreen’s stature to our Board will pay dividends for our firm for years to come. Noreen is a renowned visionary and at the forefront of intuitive advisor-facing technology and asset management platforms,” said Commonwealth CEO Wayne Bloom. “I’ve known and admired her for many years as a respected member of the wealth management community. Noreen has a well-earned reputation as a collaborative, creative, and inspirational leader. She is the right voice at the right time to round out our Board.”

Beaman is a well-known industry executive with a proven track record of building and scaling successful organizations from the ground up while developing inclusive work cultures. She is currently the vice chair of the board of directors for Orion Advisor Solutions, an innovative wealth management provider of integrated and fully customizable technology solutions for advisors. She is also chair of the board for Brinker Capital Destinations Funds Trust, a multimanager mutual fund family with more than $13 billion in assets under management¹. Until recently, Noreen served as president of Orion Advisor Solutions and spearheaded a post-merger integration with Brinker Capital.

“Commonwealth knows that standing still in this dynamic business is not an option,” said Beaman. “The firm listens to its advisors, and it partners with them to provide the tools and resources they need to succeed at a high level. The respect they show their affiliated advisors has resulted in extreme loyalty to the firm. I am thrilled to be associated with such a firm and honored to join a distinguished group of industry thought leaders on the Board. I look forward to working together to ensure that Commonwealth continues to evolve and remains a forward-looking partner for its incredible advisors.”

The Commonwealth Advisory Board was created to advise the firm on important initiatives, major projects, and critical issues. For more information on the Board and its members, visit our website.

With the addition of Beaman, the Board now consists of eight executives, including external financial services luminaries and members of Commonwealth’s executive leadership team:

• Mark Tibergien, author, sought-after speaker, former CEO of Pershing Advisor Solutions, and nationally recognized expert on management, strategy, and transition issues within the financial services industry
• Sanjiv Mirchandani, former president of National Financial Services (NFS), one of the largest clearing firms in the industry.² Additionally, he has held various leadership positions within Fidelity Investments, including former president of Fidelity Clearing & Custody Solutions and former head of the Client Relationship Group for Fidelity Institutional^®
• The members of Commonwealth’s leadership team that round out the Advisory Board are: Joseph Deitch, founder and chairman; Wayne Bloom, chief executive officer; Trap Kloman, president and chief operations officer; Matt Deitch, vice chairman; and Peter Wheeler, vice chairman

“We know our success is a direct result of the hard work our advisors put in with their clients every day,” Kloman said. “Collaborating with our Advisory Board gives us access to diverse perspectives, insights, and wisdom to ensure the sustained success of our advisors and Commonwealth.”

Joe Deitch added, “It is not only our duty, but it is in our best interests to ensure that we are positioning Commonwealth to both meet—and exceed—the changing needs of our advisors and their clients. On behalf of the Board, it’s a pleasure to welcome Noreen as our newest member. She has already proven herself to be a valuable addition, and we look forward to working together as we continue to make Commonwealth the destination of choice for discerning independent financial advisors.”

¹ As of 09/13/2023

² Fidelity Institutional^®, “Our Firm and Fidelity—Working Together for You,” 2022

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.

* As of 12/31/2022

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