Commonwealth's Advisory Board
This dynamic network of industry experts and representatives from Commonwealth's leadership team support a broad range of the company's strategic initiatives.
Joseph Deitch, Founder and Chairman
Joe formed Commonwealth in 1979 to offer superior, independent investment brokerage services to the burgeoning ranks of financial advisors like him. Since then, Joe and Commonwealth have remained true to the original vision of providing indispensable service and cultivating a supportive environment where all affiliated professionals can thrive.
In creating the firm, Joe recalls, "We wanted our service to be so good that advisors would break out in a cold sweat if they had to go somewhere else." That service is the underpinning of what makes Commonwealth special.
...Joe is also the founder of The Elevate Prize, a global organization dedicated to dramatically amplifying the impact of innovators, activists, and problem-solvers; catalyzing positive change; and ultimately awakening the hero in all of us.
Joe divides his time primarily between Miami, Boston, and Cape Cod, depending on the weather.
Education: Bachelor's degree in international relations from the University of Pennsylvania
Industry recognitions: Chosen in 2015 by Investment Advisor* magazine as one of the 35 most influential people in the financial planning industry
* 2015 Investment Advisor magazine’s IA 35, created by ThinkAdvisor, presented in April 2015. This distinction recognizes influential financial professionals. It is not specific to financial services, does not imply an endorsement or recommendation, and does not reflect the advisor's performance. Click here for more information.
Wayne Bloom, CEO
Wayne began his career at Commonwealth in 1989 in the firm's Compensation area. Since then, he has gained experience in virtually every facet of the firm. As CEO, Wayne spends each day relentlessly managing our primary objective of providing indispensable service to our network of independent financial advisors and their investors.
Wayne's favorite element of the firm is our unique culture that allows everyone to make a genuine difference through a collaborative relationship with our advisors. They challenge the team to be better every day with new ideas and suggestions—it's this collaboration that's the secret sauce of Commonwealth!
...Outside of work, Wayne enjoys spending time with his wife, Veronica, and their four not-really-kids-anymore, Kevin, Molly, Aidan, and Callahan. He also enjoys playing and watching almost all sports—including as a diehard Boston Red Sox fan and his new passion of becoming a fan of the Essendon Bombers of the Australian Football League. His hobbies include digging clams, windsurfing, and kayaking on Cape Cod.
Education: Bachelor's degree in business management from Northeastern University; graduate of Harvard Business School's Owner/President Management program
Industry designations: FINRA Series 7, 24, 63, and 65 securities registrations
Wayne is a part of: Commonwealth Cares board of directors; Old Colony YMCA board of directors
Matt Deitch, Vice Chairman
Matt joined Commonwealth full-time in 2018 to help launch and steward our Corporate Strategy department. As vice chairman, he helps define and operationalize Commonwealth’s overarching strategic vision, works closely with firm senior leadership, and supports a range of new project and product launches.
"As someone who grew up around Commonwealth my whole life," says Matt, "it truly feels special to know our advisors as part of an extended family, where everyone has the best interests of those around them at heart."
...In his free time, Matt is an avid skier, an aspiring kite surfer, and a mediocre golfer.
Education: Bachelor's degree from the University of Pennsylvania and MBA from the Wharton School of the University of Pennsylvania
Industry designations: FINRA Series 7 securities registration
Trap Kloman, President and COO
Trap joined Commonwealth in 2015. He works to strengthen the success of our company and our advisors by ensuring that all members of our community have the resources, tools, and opportunities they need to remain competitive. That starts by building relationships, lending an ear, and keeping abreast of future opportunities and industry trends.
To Trap, it's the people that make Commonwealth stand out as a great place to work. "The sincerity, the authenticity, the energy, the caring, the knowledge," he says, "the appreciation that together we are creating something unique and of great value."
...An outdoorsman at heart, Trap loves hiking, golfing, mountain biking, practicing yoga, and gardening, but his favorite moments are those spent with his wife and three daughters, whether outside or in. He also enjoys teaching, coaching, and spending time on the Cape.
Education: Bachelor's degree in economics and foreign affairs from the University of Virginia
Industry designations: FINRA Series 7, 24, 27, and 63 securities registrations
Peter Wheeler, Partner
Peter started at Commonwealth as a due diligence officer in 1984 and as a partner in the firm helps lead our strategic direction.
Commonwealth's strong sense of community is what Peter values most, in working with both his colleagues and our affiliated advisors. Over the years, he's enjoyed getting to know his employees and welcomes any opportunity to meet and speak with advisors both new and existing.
Peter enjoys pastimes that keep him active, including skiing, surfing, windsurfing, and mountain biking.
...Education: Bachelor's degree in economics from the University of Colorado and MBA from Babson College
Industry designations: FINRA Series 4, 7, 24, 53, 63, and 65 securities registrations
Noreen Beaman, Advisory Board Member
Noreen is a seasoned executive with a proven track record of building and scaling successful organizations from the ground up, developing inclusive work cultures, mentoring the next generation of leaders, and promoting diversity and inclusion.
She is currently vice chair of the board of directors for Orion Advisor Solutions, an innovative wealth management provider of integrated and fully customizable technology solutions for advisors, and chair of the board of Brinker Capital Destinations Funds Trust, a multimanager mutual fund family with more than $13 billion in assets under management.*
* As of 09/13/2023
...Previously, Noreen served as president of Orion Advisor Solutions. She was also a founding partner and chief executive officer at Brinker Capital. She is on the executive leadership board of the Next Chapter, serves on St. Peter's University's board of trustees, and is chair of their finance committee.
Education: Bachelor's degree in accounting from St. Peter’s University and master's degree in executive coaching and organizational development from NYU
Industry designations: FINRA Series 7 and 63 securities registrations
Industry recognitions: Noreen was named Ernst & Young's "Entrepreneur of the Year®" for the Greater Philadelphia region, included in the list of "Women to Watch" by InvestmentNews, and selected as one of the region's "Most Admired CEOs" by the Philadelphia Business Journal.
Jim Hays, Advisory Board Member
Jim is the former president and CEO of Wells Fargo Advisors, one of the largest wealth management firms in the industry. In this role, he had responsibility for the Independent Advisor Group, Private Client Group, Private Wealth Financial Advisors, Wells Premier, and Digital & Automated Investing. Previously, Jim was the head of the Private Banking & Investment Group at Merrill Lynch.
...He is also active in the fintech community and currently advises SMArtX Advisory Solutions, BridgeFT, VRGL Wealth, and AtlasPoint.
Sanjiv Mirchandani, Advisory Board Member
Sanjiv is the former president of National Financial Services (NFS), one of the largest clearing firms in the industry.* Additionally, he has held various leadership positions within Fidelity Investments, including former president of Fidelity Clearing & Custody Solutions and former head of the Client Relationship Group for Fidelity Institutional®.
He oversaw clients across the spectrum of wealth management and institutional business segments, including registered investment advisors, broker/dealer firms, retirement recordkeepers, plan sponsors, liquidity managers, banks, insurance firms, and family offices.
* Fidelity Institutional®, “Our Firm and Fidelity—Working Together for You,” 2022
...Sanjiv was also executive vice president of brokerage and asset management products within Fidelity's Personal Investments business, general manager of the retail retirement business, senior vice president of customer segment management, and senior vice president of retail market planning.
Education: Bachelor's degree in commerce from Sydenham College of Economics and MBA from Cornell Johnson Graduate School of Management
Industry designations: FINRA Series 7 and 63 securities registrations
Mark Tibergien, Advisory Board Member
Mark Tibergien is a nationally recognized expert on management, strategy, and transition issues within the financial services industry. He is advisor-in-residence with Ernst & Young’s Financial Services Organization and author of four books on practice management.
Previously, he was CEO of Pershing Advisor Solutions, partner-in-charge of business consulting for Moss Adams, and president of Management Advisory Services, Inc.
...Mark retired in March 2023 as chair of the workforce development committee for the CFP Board Center for Financial Planning, whose mission is to promote diversity in the advisory profession and financial planning as a career choice.
Education: Bachelor's degree from Bay de Noc College and master's degree from the University of Wisconsin-Stevens Point
Industry recognitions: Mark was included in Investment Advisor magazine's IA 25 list of the most influential people in the financial services industry 14 times and ranked number one of the seven most honored people in IA 25’s history in 2016*. He was recognized in the 2016 InvestmentNews "Icons & Innovators" list; received the 2015 Private Asset Management magazine Lifetime Achievement Award; won the 2015 Insider's Forum Leadership Award; and was named to the 2012 InvestmentNews "Power 20" list.
* 2016 Investment Advisor magazine’s IA 25, created by ThinkAdvisor. This distinction recognizes influential financial professionals. It is not specific to financial services, does not imply an endorsement or recommendation, and does not reflect the advisor's performance. Click here for more information.
