Has selected Newport as a recordkeeper of choice

Commonwealth Financial Network has opted for The Newport Group to deliver retirement plan strategies.

Commonwealth, a national independent broker/dealer, has launched its new advisory retirement platform – Retirement Consulting Services, and has selected Newport as a recordkeeper of choice.

With the support of the firm’s Retirement Consulting Services group, Commonwealth’s financial advisors can offer their corporate clients retirement plans that provide full transparency and disclosure, all within the context of a fee-based investment advisory relationship.

Amy Glynn, director of Retirement Consulting Services at Commonwealth, said: “It’s an open-architecture solution that can play a key role in a financial professional’s strategy for building their practice in full compliance with regulation.”

In addition to servicing existing Commonwealth advisors, the firm believes that this platform will increase Commonwealth’s overall ability to attract new advisors.

Ms. Glynn said: “Adding Newport to our open-architecture, full-disclosure offering enables advisors to compete in a challenging marketplace with fresh and exciting value propositions. Newport’s high-end service and creative plan design expertise add a new level of depth to our platform.”