Cetera has recruited longtime Commonwealth Financial Network advisor David Bashaw, a veteran financial professional who joins the firm after nearly four decades with his previous broker-dealer. Bashaw, who oversees approximately $115 million in assets for clients across New England and Florida, selected Cetera Wealth Partners following interviews with nearly a dozen firms. His transition comes shortly after LPL Financial acquired Commonwealth, prompting Bashaw to evaluate new platforms for his practice.
Bashaw brings more than four decades of experience in financial services, including thirty-nine years affiliated with Commonwealth. Known for his personalized financial planning approach and long-standing client relationships, he is joining a community within Cetera’s Advisor Channel that emphasizes collaboration, cultural alignment, and business growth resources. Cetera said Bashaw will leverage its advisory platform and multi-channel ecosystem to expand service delivery and support the future growth of his practice.
The firm highlighted the significance of bringing in an advisor with such deep tenure at a single organization, noting that his choice reflects Cetera’s emphasis on community, advisor experience, and long-term value creation. Cetera, which serves approximately 12,000 advisors and institutions, reported roughly $625 billion in assets under administration and $284 billion in assets under management as of September 30, 2025.
KEY QUOTES
“After reading Cetera’s open letters to Commonwealth financial advisors, I felt compelled to meet the firm’s leadership. I wanted to learn more about whether it could be the right home for my business. Among the firms I considered, Cetera stood out as the one most aligned with Commonwealth, which gave me confidence after so many years of affiliation there. The sense of community and culture feels familiar and reassuring, and the personalized growth support is exactly what my business needs. I’m excited to begin this next chapter of success with Cetera.”
David Bashaw, Financial Advisor
“From our very first conversations with David, it was clear he would be an excellent fit for Cetera. Making a change after spending nearly an entire career at one firm is a significant decision, and we’re thrilled to welcome David to a new home where his practice is positioned to grow and thrive for years to come.”
Tom Halloran, Cetera Advisor Channel Leader
