Commonwealth Financial Network has acquired Foundations Financial Partners from Securian Financial. The Pennsylvania-based firm's move follows Cetera's acquisition of Securian's retail wealth business.
President and Managing Partner Christopher Hackley of Foundations told WealthManagement.com that he was drawn to Commonwealth partially because of the chance to support advisor development. Hackley is interested in using Commonwealth's offerings to find an acquisition pace that would double the Foundation's assets and advisor number within five years.
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