Commonwealth won in the Broker/Dealer (1,000 advisors or more) Practice Management category for Business Consulting Services, which delivers curated services to support incoming wirehouse advisors and ease their transition into business ownership and independence. Featuring a combination of in-house and external resources, the consulting services range from human resources and payroll support to marketing, finance, and more.

Brian Sullivan, Commonwealth's senior vice president, chief marketing officer, was honored with the Chief Marketing Officer of the Year Award. A visionary leader, Sullivan shepherded the firm through the September 2020 unveiling of the firm's new brand identity and expression and led the evolution of marketing resources for Commonwealth's affiliated advisors.

"The WealthManagement.com Industry Awards allow us to recognize the creativity, success, and excellence of firms like Commonwealth Financial Network that serve the financial advisor community," said David Armstrong, editor-in-chief of WealthManagement.com. "Congratulations on your achievement—we look forward to seeing you next year."

The WealthManagement.com Industry Awards honor outstanding achievements by companies, organizations, and individuals that support the success of financial advisors. Winners were selected based on quantitative measures of their initiatives—including scope, scale, adoption, and feature set—along with qualitative measures such as innovation, creativity, and new methods of delivery. This year, a record-breaking 900 entries were received from nearly 350 companies. WealthManagement.com has published a full list of winners.