Commonwealth Nabs Compliance Officer From Dynasty
Alexander Hansen has been hired as senior vice president of 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.
Hansen will be responsible for supervising and managing all aspects of Commonwealth’s RIA compliance — including designing, implementing and updating policies, systems and processes — and responding to the evolving needs of Commonwealth, its staff and its community of advisors, the firm said.
He has also held high-level compliance roles at Citigroup Global Markets and Raymond James.
Hansen graduated from Marist College and earned his Juris Doctor from Stetson University College of Law. He earned an AIF designation and holds his FINRA Series 7, 24 and 66 securities registrations.
“Commonwealth has been on my radar for years as a service-centric organization focused on the needs of its advisors,” Hansen said in the statement. “Helping independent advisors run effective, efficient, and (most importantly) compliant practices is what gets me excited about my job, so it feels like a perfect fit. I’m looking forward to guiding the continuing evolution of our compliance consulting services and support we provide to fee-only advisors.”