Commonwealth Financial Network, a national registered investment advisor (RIA) focused on offering financial advisors comprehensive and integrated business solutions, has announced the addition of Patrick Funke & Associates, based in Phoenix, Arizona, to its network of independent advisors. The practice is managed by advisor Patrick Funke, CLU, ChFC, AIF, along with his wife and longtime business partner, Jennifer Funke.
Previously, with Osaic, the team reported advising on more than $430 million in client assets. And the practice grew entirely by word-of-mouth referrals. Its individual, family, and trust clients include business owners and others connected to its retirement plan business, among others.
KEY QUOTES:
“Patrick and Jennifer sought an operational model that would free up time to focus on client service and growing their practice, and we’re honored that they found their long-term fit with Commonwealth.”
Becca Hajjar, managing principal and chief business development officer
“Oftentimes, a workplace 401(k) meeting can be the first interaction an investor has with an advisor. This provides an opportunity to make those meetings a gateway to making a genuine difference in people’s lives.”
“We aim to be a lower-cost provider, offering financial planning and investment services consistent with what I describe as an evidence-based approach to investment selection,”
“I’m getting time back already. When we last changed our partner firm, it was for additional size and scale. That’s not enough, though, because relationships are the lifeblood of our firm. The Commonwealth model means partnering with a high-level, professional team that’s relationship-focused, not transaction-oriented. Looking ahead, Commonwealth and LPL will give us the foundation to grow our practice.”
Patrick Funke
“With the Commonwealth approach, we appreciate that when we have questions, people pick up the phone, listen, and call back promptly.”
“Now that we’ve transitioned, we’re finding that opening a new account takes five minutes. The system generates all the forms, and it’s easy for clients to approve via DocuSign.”
Jennifer Funke
