Commonwealth Financial Network announced on Tuesday that it’s added three independent financial services firms located in Overland Park, Kan. Pegasus Capital Management, Trinity Planning Group and Stanziola Financial Group joined Commonwealth in May, bringing with them $375 million in combined total client assets.
“Pegasus Capital, Trinity Planning and Stanziola Financial are consistently recognized as top advisor teams in Overland Park, Kan., and throughout the industry,” Andrew Daniels (left), Commonwealth’s managing principal of field development, said in a statement. “We look forward to helping them grow their practices by combining their innovative strategies and dedication to client satisfaction with the best tools and resources to deliver unparalleled value to their clients.”
Pegasus Capital Management, led by Ray Evans, generated $1.2 million in gross dealer concessions in 2011 and oversees more than $200 million in client assets. The firm focuses on wealth management planning for high-net-worth clients.
“Aligning my firm and clients with a privately held broker-dealer was a top priority,” Evans said. “Commonwealth has no conflicts of interest and can dedicate the necessary resources to meet our business needs. We were also drawn to Commonwealth’s unique and strong culture of integrity and can-do attitude.”
Trinity Planning Group, led by Timothy DiSette and David Pacer, focuses on estate, business, investment, and retirement planning for high-net-worth business owners. The firm generated $1 million in gross dealer concessions in 2011 and oversees more than $150 million in individual client and retirement plan assets.
Stanziola Financial Group, led by James Stanziola, focuses on closely held, family-run businesses in the estate and business succession planning areas. The firm generated $400,000 in GDC in 2011 and oversees more than $25 million in client assets.
Founded in 1979, Commonwealth claims to be the nation’s largest privately held independent broker-dealer, with headquarters in Waltham, Mass., and San Diego. The firm has 1,400 independent registered representatives nationwide.