What You Need to Know
- Before joining Commonwealth, Hansen served as SVP, chief compliance officer at Dynasty Financial Partners.
- Commonwealth is investing resources into supporting its existing and incoming RIAs.
- Hansen will be responsible for supervising and managing all aspects of Commonwealth's RIA compliance.
Commonwealth Financial Network said Tuesday that it has hired Alexander Hansen as senior vice president of RIA compliance.
“Our industry and the regulatory landscape are changing rapidly, and so are our advisors’ business models,” said Paul Tolley, Commonwealth’s managing principal of compliance, in a statement. “This is why Commonwealth is investing resources into supporting our existing and incoming RIAs, as well as helping advisors transition into the fee-only world.”
Compliance represents a challenge to advisors, Tolley said, “that we happen to view as a tremendous opportunity. Alex’s strategic vision for RIA compliance support, his deep understanding of compliance technology solutions, and consultative approach will help us accelerate our RIA recruitment and position our valued advisors for success.”
Before joining Commonwealth, Hansen served as senior vice president and chief compliance officer at Dynasty Financial Partners, where he was the subject matter expert on compliance aspects of transitioning advisor teams to independent RIA firms and assisting them with their ongoing regulatory obligations.