Commonwealth Financial says that an executive who left the independent broker-dealer for rival LPL Financial has returned after only a month.
“After his brief hiatus, I am pleased to welcome Paul back to Commonwealth, where he will pick up right where he left off,” said CEO Wayne Bloom, in a press release. “We recognize the significant impact he has made in building one of our industry’s leading retirement-consulting services offerings, and it’s gratifying to see, in turn, the impression the Commonwealth community has made on him.
The members of the Retirement Consulting Services team support advisors who want to build and maintain successful retirement practices, the privately held IBD says, both for individual clients and for workplace retirement-plan benefits programs.
Commonwealth first tapped Mahan as an executive for this work in November 2010. Earlier, he worked for Pioneer Funds (May 2004 to July 2010 and Scudder Investment Services/Scudder Financial Services (September 1992 to June 1999), according to FINRA records.
“I had always been a passionate advocate of the quality of Commonwealth’s infrastructure, the extraordinary program and service offering our team has built, the talent and expertise of our staff, and, not least, the advisors who are the foundation of this very special community,” said Mahan, in a statement.