Commonwealth Monetary Community, the longtime unbiased dealer/seller that has transitioned right into a nationwide RIA, introduced this week the newest rollout of instruments and companies for advisors following its nationwide convention earlier this month.
Amongst these are modifications to Commonwealth’s outsourced funding platform, Most popular Portfolio Providers Choose, which has greater than 100 mannequin portfolios and is used, in keeping with the agency, by two-thirds of its 2,200 advisors.
As a part of these updates, the agency can be introducing absolutely built-in personalised indexing in 2025, which is able to increase its present direct indexing instruments inside PPS Choose.
One other addition to PPS Choose for subsequent yr can be tax transition, whereby advisors can set a tax funds after which transition accounts to any PPS Choose mannequin or to personalised indexing over time.
There may even be a tax overlay service for any PPS Choose mannequin that can allow automated tax-loss harvesting.
Commonwealth may even roll out a unified managed account construction wherein advisors can mix a number of PPS Choose fashions and third-party managers right into a single account.
On the know-how entrance, the agency will start delivering what it’s calling “CTO Providers,” turnkey outsourced IT help that can embrace {hardware} administration, antivirus, networking and telecom companies to advisors.
“As a concierge providing, our new CTO Providers will assist them scale effectively and be extra productive with out complications. It’s one thing we’ve studied rigorously—each what’s labored and what hasn’t labored within the trade—and are thrilled to roll it out to our neighborhood,” stated Chris Blotto, SVP, chief digital & data officer within the agency’s announcement.
Commonwealth, which was based in 1979, has lengthy been identified for its robust know-how choices to advisors and presently oversees greater than $296 billion in property.
