Does Commonwealth Financial Network pay their employees well?

According to anonymously submitted Glassdoor reviews, Commonwealth Financial Network employees rate their compensation and benefits as 3.3 out of 5. Find out more about salaries and benefits at Commonwealth Financial Network. This rating has decreased by 7% over the last 12 months.

How satisfied are employees working at Commonwealth Financial Network?

57% of Commonwealth Financial Network employees would recommend working there to a friend based on Glassdoor reviews . Employees also rated Commonwealth Financial Network 3.8 out of 5 for work life balance, 3.8 for culture and values and 3.2 for career opportunities.

What are the top reviewed jobs at Commonwealth Financial Network?

New Accounts Associate (15) , Operations (15) , Intern (10) , Analyst (8) , Financial Advisor (6) , Operations Support Specialist (6) , Supervisor (6) , Associate (5) , Director (5) , Help Desk Technician (5) , Project Manager (5) , Vice President (5) , Consulting Fees Specialist (4) , Internship (4) , Manager (4)

What are the pros of working at Commonwealth Financial Network according to real employee reviews?

"Great culture and treat their employees well." ((in 72 reviews)); "Great benefits and work/life balance." ((in 35 reviews)); "The overall atmosphere was great and everyone seemed friendly" ((in 21 reviews)); "Employees are friendly, fun, and proud of their work." ((in 15 reviews)); "Great company culture" ((in 12 reviews))

What are the cons of working at Commonwealth Financial Network according to real employee reviews?

"Low salary and not able to work remotely" ((in 14 reviews)); "My word of advice: "People leave bad managers, not bad companies."" ((in 11 reviews)); "If they dangle a 20% bonus in front of you as part of their offer package, don't be fooled." ((in 10 reviews)); "Upper management sold out and all of that was lost." ((in 10 reviews)); "Lack of diversity from the higher" ((in 6 reviews))

What are employees saying about Commonwealth Financial Network layoffs in 2026?

Explore Glassdoor’s employee reviews to understand what current and former employees are saying about Commonwealth Financial Network layoffs and their outlook for job security at Commonwealth Financial Network in 2026.

What are the top reviewed Commonwealth Financial Network locations?

Waltham , San Diego , Boston , Cincinnati , Macon , Saint Louis , Albany , New York , Durham , Raleigh , Mishawaka , Arroyo Grande , Darien , Hartford , Lancaster , Annapolis , Orlando , Tampa , Danvers , Sharon , Wellesley , Easton , Shrewsbury , Lexington , Blue Ash

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Commonwealth Financial Network

Commonwealth Financial Network reviews

3.8

57% would recommend to a friend

(345 total reviews)

Wayne Bloom

54% approve of CEO

37% positive business outlook

Ratings by category

3.9

Diversity & inclusion

3.8

Culture & values

3.8

Work/Life balance

3.3

Compensation and benefits

3.2

Career opportunities

2.8

Senior management

Commonwealth Financial Network has an employee rating of 3.8 out of 5 stars, based on 345 company reviews on Glassdoor which indicates that most employees have a good working experience there. The Commonwealth Financial Network employee rating is in line with the average (within 1 standard deviation) for employers within the Financial Services industry (3.7 stars).

Ratings by demographic groups

Race / Ethnicity

Gender

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Reviews by job title

345 reviews

1.0

Jul 13, 2019

Beware

Operations

Recommend

CEO approval

Business Outlook

Pros

Some of the people are fun to work with.

Cons

No communication. Poor management. HR is a horror. Compensation is very low. Toxic environment. No mobility opportunities.

1.0

Sep 15, 2025

World-class service traded for spin, scale, and exodus

Anonymous employee

Recommend

CEO approval

Business Outlook

Pros

Once a truly special culture—world-class service, collaborative spirit, and people who cared. • Many talented staff still trying their best despite leadership’s missteps.

Cons

Culture eroded long before COVID and never came back. Leadership changes (Joe → Wayne → Trap) drove the firm into a tailspin. They rode some pretty good markets but weren’t built to last • Trap’s “scale first” mindset gutted service. Fewer hires, more advisors to cover, and support quality plummeted. • Advisor360 spinoff caused tech interruptions and constant delays for advisors. • Internal campaigns slashed due to poor budgeting, no more diversity or cultural events, and Finance over-engineered a bonus system that demotivated everyone. • Service that was once world-class is now generic “LPL-lite.” • RIA and practice management offerings fell years behind competitors, fueling advisor departures. • The 2024 National Conference forced lack of communication put staff and advisors into hurricane conditions just to save money—embarrassing and reckless. • Endless propaganda to justify the LPL merger. Advisors didn’t want it, and they’re leaving.

2.0

Jun 26, 2019

Low Compensation

Finance

Recommend

CEO approval

Business Outlook

Pros

Friendly environment, Managers are relaxed, work from home allowed

Cons

Pay is not enough to live nearby, traffic is awful so commute can be 1-2 hrs

Viewing 52 - 54 of 345 Reviews

Jobs at Commonwealth Financial Network

Advanced Planning Consultant

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Commonwealth Financial Network

Commonwealth Financial Network reviews

Ratings by category

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Beware

World-class service traded for spin, scale, and exodus

Low Compensation

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