Competitors:
HD Vest Financial Services
HD Vest Financial Services
Commonwealth Financial Network is broker/dealer based and financial planners. read more
Commonwealth Financial Network Company Culture
Commonwealth Financial Network Culture
This score is derived from employee ratings & reviews3.4/5
Commonwealth Financial Network's Overall Culture is rated C+
Top Rated Culture Dimensions
Perks & Benefits
BManager
BCompensation
B-Gender
B-Retention
B-Commonwealth Financial Network CEO
Bottom 40%Bottom 40% of Similar Size Companies on Comparably
Wayne Bloom
65 /100
See More
Diversity at Commonwealth Financial Network
Bottom 35%Bottom 35% of Similar Size Companies on Comparably
C-
Diverse employees at Commonwealth Financial Network have rated Perks And Benefits, CEO Rating, and Executive Team as the highest categories they have scored
Women at Commonwealth Financial Network
Top 40%Top 40% of Similar Size Companies on Comparably
B-
Women at Commonwealth Financial Network have rated Meetings, Team, and CEO Rating as the highest categories they have scored
Commonwealth Financial Network eNPS
Net Promoter Score tracks your employees' overall score to this question: "On a scale from 0-10, how likely are you to recommend working at your company to a friend?"Top 50%Top 50% of Similar Size Companies on Comparably
Recommend to a Friend?
-5
Commonwealth Financial Network employees are -5% more likely to recommend Commonwealth Financial Network as a great place to work
| 38% | Promoters |
|---|---|
| 19% | Passives |
| 43% | Detractors |
Working at Commonwealth Financial Network
Working at Commonwealth Financial Network is rated average by 26 employees, across various culture dimensions. Commonwealth Financial Network employees are most satisfied about Perks And Benefits, Manager, and Compensation categories, putting Commonwealth Financial Network’s culture in the Top 50% compared to similar sized companies on Comparably and in the Bottom 40% compared to other companies in San Diego. See below in detail how working at Commonwealth Financial Network was rated by employees.
Overall Company Culture at Commonwealth Financial Network
C+
Overall Company Culture at Commonwealth Financial Network is rated C+
Last updated months ago
Top
50%
Commonwealth Financial Network ranks in the Top 50% of other companies on Comparably with 201-500 Employees for Overall Company Culture Score
Commonwealth Financial Network Employee Reviews
Out of 41 Commonwealth Financial Network employee reviews, 69% were positive. The remaining 31% were constructive reviews with the goal of helping Commonwealth Financial Network improve their work culture.
| Positive Reviews | 69% |
|---|---|
| Constructive Feedback | 31% |
Positive Reviews From Commonwealth Financial Network Employees
- What makes you most happy at work?Knowing I make a differencein the lives of our advisors, their clients and my team members each and every day.
- What makes you most happy at work?I love interacting with teammates who give their all and still ask how your day is going.
- What did you like most about the interview process?I appreciated the questions asked and the opportunity to meet the team.
Constructive Feedback From Commonwealth Financial Network Employees
- What needs to change to make the company culture better?The company needs to take a hard look at what is reasonable for its size and status. It's driving people away by shifting focus from the employees, and it appears to be backfiring.
- What needs to change to make the company culture better?Upper management needs to be more open to ideas from outside their sphere.
- What would you improve about your company's interview process?token questions, unclear who is in the room, who would be the boss, what the role is...they focus on grilling you about what cfn is, tho the website is VAGUE
Commonwealth Financial Network Company Information
Commonwealth Financial Network Company Overview
Commonwealth Financial Network is broker/dealer based and financial planners.
Commonwealth Financial Network Mission, Vision & Values
Commonwealth Financial Network Mission Statement
We are all driven by a single, common purpose: to make a profound difference in our world. We want to help people, and we are inspired by empowering the goals and dreams of everyone connected to Commonwealth, including our advisors, their clients, our home office employees, our industry partners, and those in our community.
Commonwealth Financial Network Vision Statement
We will passionately promote quality and community. We strive to be the best at everything we do while providing a supportive culture where everyone can thrive.
Commonwealth Financial Network Values
- Indispensable Service
- Financial Strength
- Personal Development
- Giving Back
- Fun
| Headquarter | San Diego, CA United States of America |
|---|---|
| Website | www.commonwealth.com |
| Founding Date | 1979 |
| Company Status | Private |
Commonwealth Financial Network Competitors
Commonwealth Financial Network competitors include HD Vest Financial Services. Commonwealth Financial Network ranks 1st in Overall Culture Score on Comparably vs its competitors. See below how Commonwealth Financial Network compares to its competitors with CEO Rankings, Product & Services, NPS, Pricing, Customer Services, Overall Culture Score, eNPS, Gender and Diversity Scores.
Culture Video
Commonwealth Financial Network Employees
26 employees at Commonwealth Financial Network have reviewed Commonwealth Financial Network across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The latest review was months ago.
Overall, the 26 Commonwealth Financial Network employees give their leadership a grade of C, or Bottom 45% of similar size companies on Comparably. This includes specific ratings of their executive team, CEO, and manager.
Employees at Commonwealth Financial Network are generally satisfied with their total compensation at Commonwealth Financial Network, which includes a combination of pay, stock and equity, and benefits.
Overall, employees at Commonwealth Financial Network are generally satisfied with their team. 26 Participants grade the quality of their coworkers a C. The majority believe the meetings at Commonwealth Financial Network are effective, and the majority look forward to interacting with their coworkers.
The majority of employees at Commonwealth Financial Network believe the environment at Commonwealth Financial Network is negative. Most Participants believe the pace of work at Commonwealth Financial Network is extremely fast. About 50% of the employees at Commonwealth Financial Network work 8 hours or less, while 17% of them have an extremely long day - longer than twelve hours.
Overall, the employees at Commonwealth Financial Network are generally happy, based on their aggregated ratings of future outlook, customer perception, and their excitement going to work.
Joining Commonwealth Financial Network - Employee Onboarding
The prevailing opinion from employees about joining Commonwealth Financial Network is that the company was somewhat prepared on their first day. Commonwealth Financial Network employees concluded that their overall onboarding experience was negative. First impressions are important, and how prepared a company is on your first day leaves a lasting impression.
Commonwealth Financial Network KPIs and OKRs
At Commonwealth Financial Network 100% of employees think their department KPIs and OKRs are clear. Employees’ understanding of Commonwealth Financial Network's KPIs and OKRs is essential for its success. Out of 1 Commonwealth Financial Network employees who’ve answered, “Are your company’s goals clear and are you invested in them?” 1 have said yes.
Are your company's goals clear, and are you invested in them?
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Commonwealth Financial Network CEO & Leadership
Commonwealth Financial Network CEO - Wayne Bloom
65 /100
Wayne’s approval rate is lower compared to CEOs at similar sized companies, putting Wayne in the Bottom 40% of all CEOs of similar-sized companies on Comparably, and in the Bottom 40% compared to CEOs of all other companies in San Diego. Wayne Bloom’s employees rank Commonwealth Financial Network in the Top 25% for Perks And Benefits, in the Top 30% for Manager, and in the Top 40% for Compensation. Bloom is generally unpopular with Commonwealth Financial Network employees, but ranks especially low with Hispanic or Latino employees. However, Caucasian employees have a slightly more favorable view of the CEO.
Commonwealth Financial Network Leadership
The Commonwealth Financial Network Executive Team is rated a “C” and led by CEO Wayne Bloom, Chief Business Development Officer Kristine McManus, and Senior Vice President / Chief Marketing Officer Brian Sullivan
Wayne Bloom CEO / President
Wayne Bloom serves as the CEO / President of Commonwealth Financial Network.
Kristine McManus Chief Business Development Officer
Kristine McManus serves as the Chief Business Development Officer of Commonwealth Financial Network.
Brian Sullivan Senior Vice President / Chief Marketing Officer
Brian Sullivan serves as the Senior Vice President / Chief Marketing Officer of Commonwealth Financial Network.
James McDermott Senior Vice President of Operations
James McDermott serves as the Senior Vice President of Operations of Commonwealth Financial Network.
Jon Bohs SVP Brokerage Operations
Jon Bohs serves as the SVP Brokerage Operations of Commonwealth Financial Network.
Steven Mollo Vice President Technology Operations, Engineering & Support
Steven Mollo serves as the Vice President Technology Operations, Engineering & Support of Commonwealth Financial Network.
Trap Kloman Managing Principal - CFO
Trap Kloman serves as the Managing Principal - CFO for Commonwealth Financial Network. Trap started at Commonwealth... read more
Janice Rooney National VP Recruiting
Janice Rooney serves as the National VP Recruiting for Commonwealth Financial Network. Janice started at Commonwealth... read more
Susan Kelly VP, Investment Management and Research
Susan Kelly serves as the VP, Investment Management and Research for Commonwealth Financial Network. Susan started at... read more
Commonwealth Financial Network Salaries
How much does Commonwealth Financial Network pay?
How much do people at Commonwealth Financial Network get paid? See the latest salaries by department and job title. The average estimated annual salary, including base and bonus, at Commonwealth Financial Network is $115,615, or $55 per hour, while the estimated median salary is $132,981, or $63 per hour.
At Commonwealth Financial Network, the highest paid job is a General Counsel at $275,581 annually and the lowest is an Admin Assistant at $43,598 annually. Average Commonwealth Financial Network salaries by department include: Marketing at $167,927, Customer Support at $60,395, Finance at $75,733, and Business Development at $128,312. Half of Commonwealth Financial Network salaries are above $132,981.
14 employees at Commonwealth Financial Network rank their Compensation in the Top 40% of similar sized companies in the US (based on 46 ratings) while 13 employees at Commonwealth Financial Network rank their Perks And Benefits in the Top 25% of similar sized companies in the US (based on 14 ratings).
Last updated months ago.
| Summary | Salary Range | Percentile |
|---|---|---|
1st Percentile $71k | $71k | 1st Percentile |
20th Percentile $97k | $97k | 20th Percentile |
40th Percentile $133k | $133k | 40th Percentile |
60th Percentile $188k | $188k | 60th Percentile |
80th Percentile $271k | $271k | 80th Percentile |
100th Percentile $349k | $349k | 100th Percentile |
$115,615*
Average Compensation
$132,981*
Median Compensation
* Estimated salaries Estimated salaries are based on data provided anonymously by employees and/or estimated by other statistical methods.
Commonwealth Financial Network Salaries by Department
Diversity & Inclusion at Commonwealth Financial Network
Diverse employees at Commonwealth Financial Network score the company 66/100 across various culture categories, placing Commonwealth Financial Network in the Bottom 35% of companies on Comparably with 201-500 Employees for Comparably's diversity score. The Diversity score provides insights into how diverse employees feel and rate their work experience at Commonwealth Financial Network across various culture dimensions.
Ranked Culture the Highest
Ranked Culture the Lowest
Commonwealth Financial Network Perks & Benefits
Health & Wellness
- Dental Insurance
- Vision Insurance
- Health Insurance
Paid Time Off
- PTO / Vacation Policy
- Paid Holidays
- Maternity / Paternity Leave
Financial Benefits
- 401K / Retirement Plan
- Tuition Reimbursement
- Employee Stock Purchase Plan
Office Perks
- Work From Home Policy
- Unique Office Space
Commonwealth Financial Network PTO
Commonwealth Financial Network's PTO and Vacation policy typically gives 15-20 days off a year. Commonwealth Financial Network's benefits and PTO Package averages to represent a $2500+ cash value per month.
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Commonwealth Financial Network Careers
Commonwealth Financial Network Jobs
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Overview of Candidates Interested in Commonwealth Financial Network on Comparably
Candidates By Department
All Industries | 67% | |
|---|---|---|
IT | 33% |
Candidates By Location
Torrance | 33% | |
|---|---|---|
Boston | 33% | |
San Diego | 33% |
Frequently Asked Questions regarding Commonwealth Financial Network
Who is the CEO of Commonwealth Financial Network?
Commonwealth Financial Network CEO is Wayne Bloom, their score by employees is 65
What is Commonwealth Financial Network eNPS?
The eNPS for Commonwealth Financial Network is -5
What is the salary for Senior Marketing Manager in Commonwealth Financial Network?
Senior Marketing Manager average salary in the US is 89k
What are the salaries in the Business Development in Commonwealth Financial Network?
The average salaries for Business Development in Commonwealth Financial Network is 128k
Who are Commonwealth Financial Network competitors?
Commonwealth Financial Network main competitors are HD Vest Financial Services
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