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Axial Financial Group's RIA-Broker/Dealer, Commonwealth, Ranks Highest in J.D. Power Independent Advisor Satisfaction, Five Times in a Row

Posted by Axial Financial Group

Burlington, MA – August 1, 2018 - For the fifth time running, J.D. Power ranks Commonwealth Financial Network® highest in the independent advisor segment of its 2018 U.S. Financial Advisor Satisfaction StudySM.

Commonwealth is the largest privately held Registered Investment Adviser–independent broker/dealer in the U.S. Axial Financial Group of Burlington, MA, an independent Wealth Management and Financial Planning practice, has been affiliated with Commonwealth since 2007.

In the study, Commonwealth received its highest ever overall satisfaction score of 955 on a 1,000-point scale, compared with an industry average of 753, and outpaced the next-highest-ranked firm by 90 points. Commonwealth’s 955 score equates to “among the best” in the JDPower.com Power Circle RatingsTM.

Commonwealth achieved the highest score in six of the seven key drivers of advisor satisfaction— firm leadership, compensation, operational support, professional development support, technology support, and client support.

“To be the highest-ranked firm in the independent channel five times is an incredible honor and tremendously gratifying,” said Commonwealth CEO Wayne Bloom. “It tells us we are achieving our number-one goal of providing the indispensable service and complete freedom our advisors, particularly the professionals at Axial, need to operate their fee-only or dually registered businesses.”

Bloom continued, “We owe our consistent strong performance to our amazingly talented financial advisors. We are so grateful for their partnership and active participation in helping us improve. We also believe that remaining privately held for nearly 40 years has played no small part in our—and our advisors’—success. Because we’re not beholden to shareholders or stock prices, we can focus exclusively on the needs of our advisors and the clients they serve. We depend on Axial to actively let us know what benefits their practice and clients, and they rely on us to deliver just that. To again hear from our advisors that we continue to make such a difference in their lives . . . well, it’s what all of us in the home office come to work for every day.”

“We are proud to be associated with an RIA–broker/dealer that maintains such high service standards,” said Paul Miller & Michael Marchese, Managing Partners of Axial. “To be supported by Commonwealth—a company that prioritizes the advisor experience and is as committed to the success of our firm and the satisfaction of our clients—enables us to spend more time with clients and help them achieve their financial goals. Just as our clients put their trust in us, we trust that our business is fully backed by a deep bench of experienced and compassionate professionals and a powerful infrastructure to propel Axial Financial Group forward.”


About Axial Financial Group

Axial Financial Group has been providing individuals and organizations with financial guidance since 2006. Located at 5 Burlington Woods, Suite 102, the firm prides itself on crafting unique strategies for each client. For more information, please visit www.Axialco.com.

A Member of Axial Financial Network, LLC Axial Financial Group, and Commonwealth Financial Network are Separate and Unrelated Entities. Securities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a registered investment adviser. Fixed Insurance products and services offered through Axial Financial Group. 

About Commonwealth Financial Network

Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, is the nation’s largest privately held Registered Investment Adviser–independent broker/dealer, with headquarters in Waltham, Massachusetts, and San Diego, California. The firm supports approximately 1,800 independent financial advisors nationwide. For more information, please visit www.commonwealth.com.

                                                        

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