COMMONWEALTH EQUITY SERVICES, LLC
DBA: COMMONWEALTH FINANCIAL NETWORK
AUM Over Time
Discretionary
Non-Discretionary
At a Glance
| Total AUM | $212.66B |
| Discretionary | $207.63B98% of AUM |
| Non-Discretionary | $5.03B |
| Client Accounts | 615,215 |
| Avg Account Size | $346K |
| Employees | 4,200 |
| Peak AUM | $212.66BMar 2026 |
| AUM CAGR | +20.5% /yrover 25 yrs · 110 filings |
AUM by Client Type
Total AUM
$212.7B
Firm Change Matrix
| Metric | Latest | 1Y | 3Y CAGR | 5Y CAGR | Trend |
|---|---|---|---|---|---|
Firm Scale | |||||
| Total AUM | $212.7B | +1.4% | +12.9% | +9.9% | |
| Discretionary AUM | $207.6B | +2.1% | +13.2% | +9.9% | |
| Non-Disc. AUM | $5.0B | 22.3% | +2.0% | +10.3% | |
| Total Accounts | 615k | 8.4% | +1.6% | +5.2% | |
| Avg Account Size | $345,667.849 | +10.7% | +11.1% | +4.5% | |
| Employees | 4k | 13.4% | 0.8% | +3.8% | |
| AUM / Employee | $51M | +17.1% | +13.7% | +5.9% | |
Client AUM Segments | |||||
| Wealth AUM | $202.3B | +1.3% | +12.8% | +9.9% | |
| Institutional AUM | $10.4B | +3.2% | +13.9% | +10.9% | |
Client Count Segments | |||||
| HNW Clients | 314k | 11.6% | 2.0% | +0.3% | |
| Institutional | 5k | 11.5% | 9.4% | 2.9% | |
| Individuals | 42k | +7.4% | +36.7% | +21.2% | |
Key Metrics
| Total AUM | $212.66B |
| Discretionary | $207.63B |
| Employees | 4200 |
| Client Accounts | 615215 |
| Client Range | More than 500 |
Contact & Location
Address
275 WYMAN STREET
WALTHAM MA 02451-1200
Phone
781-736-0700
Filing History
110 ADV Part 1 submissions
Fee Structure
% of AUMHourlyFixed FeesCommissions
Advisory Services
Financial PlanningPortfolio Mgmt (Individuals)Pension ConsultingAdviser SelectionPublicationsSecurity Ratings
Growth
AUM Growth Rate (Annualized YoY %)
Firm Profile
Normalized 0–100 scores across six dimensions.
Discretionary vs Non-Discretionary
Discretionary
$207.6B
97.6% of AUM
Non-Discretionary
$5.0B
2.4% of AUM
Disc. mix ▲ 0.7pp vs 1 year ago
Discretionary
Non-Discretionary
Average Account Size
AUM per Employee
Non-US Client AUM
Headcount Over Time
Total Employees
Advisory Staff
Clients
Client Account Growth
Total Accounts
Discretionary
Non-Discretionary
Clients by Type (Latest)
Client Type Mix Over Time
High Net Worth
Individuals
Pension Plans
Corporations
Government
Risk & Structure
Regulatory Disclosures
⚠ Disclosures Reportedfirst noted Mar 2006
•SRO proceeding/bar
Custody
Bank CustodyBroker-Dealer CustodyAudited Financials
Other Registrations
Broker-Dealer
Related Entities (Item 7)
Broker-DealerInvestment AdviserPension Consultant