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Technology > Investment Platforms > Turnkey Asset Management

MSC Boosts Assets; Commonwealth Recognized by Pubs

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Mutual Service Corporation (MSC) reports that it has increased its advisory assets under management by more than 20 percent, from $5.1 billion in August 2006 to more than $6 billion as of April 30, 2007. The firm includes about 1,500 independent financial advisors.

West Palm Beach, Fla.-based MSC says that its Special Class Program, which is comprised of MSC advisors who manage asset allocation for their clients, continues to excel and contribute to MSC’s double-digit growth. The program, which MSC launched five years ago, surpassed $2 billion in assets under management in March 2007.

ooooooooCommonwealth Financial Network says that it has been recognized by Computerworld magazine as a top workplace for information technology (IT) professionals. Nationally, Commonwealth ranks 12th among other small companies and 76th overall. The independent broker-dealer employs 400 people in its Waltham, Mass., and San Diego offices and has 86 professionals in its IT department. Its network includes about 1,000 independent registered reps.

Boston Business Journal has named Commonwealth as one of the top five “best mid-size places to work in Massachusetts –the only mid-size company to be honored four years running. “Commonwealth is built on the philosophy that we are only as good as our people,” said Joseph Deitch, Commonwealth’s chairman and CEO. “And our advisors are the direct beneficiaries of that strength.”


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