Commonwealth Financial Network has added a $150 million duo to its network of independent financial advisors.
Joe Esposito and Keith Kiker's namesake firm is based in Glen Ellyn, Ill.; the firm was formerly affiliated with MassMutual Financial Group.
Esposito, Kiker and Associates used The Advisor Center, a virtual recruiting platform founded by former LPL executive Tom Daly, to weigh potential partners before deciding to affiliate with Commonwealth.
The website gave Esposito and Kiker a centralized, objective platform for performing due diligence and viewing a range of broker-dealer and RIA affiliation options, says Andrew Daniels, managing principal of business development at Commonwealth.
The Advisor Center is a great way for advisors to anonymously do their due diligence on other broker-dealers before making a move, Daniels says.
The advisors said in a statement that Commonwealth's infrastructure, service and support appealed to them.
We felt strongly that our current and future business needs aligned well with Commonwealths objectives, Esposito said in a statement. We identified a number of parallels between Commonwealths corporate values and ours, and we are confident that will translate positively for not just us, but our clients, too.
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