Commonwealth has been clearing with National Financial Services LLC (NFS) since 1987. Commonwealth was their first nonbank correspondent, and remains one of the largest independent broker/dealer–RIAs using their clearing services. Commonwealth is a member of both the Advisory Board and the Service Steering Committee NFS has established for its top correspondent firms.
Commonwealth chooses to pay NFS for upgraded optional services (e.g., expanded tax reporting) on behalf of their advisors. Perhaps of paramount importance, they’ve invested considerable time and money internally developing technology to customize the NFS experience for Commonwealth advisors and their clients.