Advisor Solutions / Business Solutions

Business Solutions

Leverage our dedicated practice management and business consulting expertise to grow and scale your business, carve out more time in your day, and put yourself in the driver's seat.

BS_MattC_TN

Power to Help Your Business Thrive

More than three decades ago, Commonwealth introduced the concept of practice management assistance in recognition and support of the fact that our advisors are small business owners, too. Over the years, we've broadened the scope of our offerings to complement our advisors' growing sophistication and expanded into a comprehensive Business Solutions division. 

Commonwealth Business Solutions can help your business thrive with:

Whether you're a solo practitioner, work as a multiadvisor ensemble, or lead an enterprise operating at significant scale, our dedicated in-house business consulting team can help you overcome barriers, formulate ideas, and implement strategies for growth. 

With one-on-one consultations and expert-led peer development options, you can take advantage of what you need, when you need it. Our business model allows us to deliver individualized, hands-on consulting to all advisors—at no additional cost—ensuring that we can serve as your strategic partner for the long term. 

Consult with Us

Introductions and referrals: Discover strategies and techniques to gain all-important introductions to and referrals from current clients and centers of influence. 

Value proposition: Articulate and communicate your value to clients and prospects. 

Client experience: Deliver a great client experience through strategy and practical tips and techniques. 

Marketing strategy: Create clear goals and messaging that resonate with clients and prospects alike. 

Retention: Learn tactics for retaining your best clients through idea generation and workshops. 

Business niche: Understand how to specialize and convey your unique expertise in a specific area. 

Learn with Peers

Business Development Group: Use coaching, accountability, and peer reinforcement to reach your growth goals. 

Revenue Jolt: Take a one-day deep dive into the client-facing activities that drive growth. 

Next-Gen Business Development: Participate in a yearlong program that helps next-gen advisors attract clients and build a thriving business.

Power in Practice: Sign up for our flagship program, a yearlong intensive learning experience that helps you hone the skills you need to strengthen and grow your business. You'll participate in workshops, as well as peer and individual coaching calls, and have the chance to attend an annual alumni meeting. 


 

PIP_Infographic_img

Consult with Us 

Recruiting: Use behavioral interview techniques and analyses to attract and assess top talent. 

Development paths: Develop training and pathways for advisory, operations, and service roles.

Compensation: Provide competitive compensation packages to attract and motivate your talented team members. 

Roles and responsibilities: Ensure that you have the right people in the right roles to achieve your ideal state. 

Performance: Navigate performance management issues with professional guidance. 

Human resources: Lean on expert guidance for everything from payroll systems and employee handbooks to the differences between exempt and nonexempt status. 


 

Learn with Peers 

Commonwealth 101 and On Demand: Get new staff members up to speed on Commonwealth's operations with this educational training program.

Evolve: Access education, inspiration, and networking at this two-day biennial conference for staff members, styled after Commonwealth's national conference for advisors. 

Staff Road Show: Learn how to best use our services in this cross-country, biennial effort from a contingent of Commonwealth teams. 

Advisor 101 and On Demand: Get an introduction to Commonwealth resources and culture in this program for new advisors. 

Advisor Live: Attend this intensive three-day workshop for new advisors to build the confidence and competence needed to thrive in your firm. 

Associate/Lead Mentor Program: Use our yearlong mentorship program to cultivate the development of associate advisors in large firms.

Consult with Us 

Acquisition strategies: Identify acquisition opportunities and position your firm to attract sellers. 

Succession planning: Assess options for internal or external succession and prepare your business for an eventual exit. 

Matchmaking: Get help identifying the right buyer or successor for your practice. 

Valuation analysis: Calculate your firm's value based on market metrics and qualitative factors. 

Deal advocacy: Execute an M&A deal from start to finish—including due diligence, valuation, term setting, financing, and contracting. 

Continuity: Plan for the continuation of your business in the event of death or disability.

Learn with Peers 

Succession Preparation Workshop: Learn best practices for exiting the business in this comprehensive workshop for advisors planning to retire within one to five years.

 
  

Consult with Us 

Enterprise value: Optimize financial performance by actively managing your profits and losses and tracking key performance indicators. 

Business structure: Clarify the ownership structure you'll need to build your ideal future. 

Organizational design: Identify the staffing levels, positions, and reporting structure your firm needs to drive growth. 

Partner pathways: Formalize structures to add new partners or prepare for a senior partner's exit. 

Inorganic growth: Attract acquisitions and tuck-ins using repeatable and scalable models. 

Executive roles: Add COOs, CIOs, and even a CEO position to your firm's executive team. 

Scale: Be intentional about how you build a scalable business model as you expand your team, add clients, and acquire practices. 

 

Learn with Peers 

COO Program: Use our yearlong program to connect management- and executive-level operations professionals for advanced education and peer learning.

 

Consult with Us 

Annual business planning: Define your long-term vision, prioritize strategies, and set goals for the future. 

Performance assessments: Evaluate financial metrics and qualitative factors to uncover new opportunities to enhance your firm's productivity and profitability. 

New ventures: Build a plan to launch a newly independent firm so you can hit the ground running.

Discover a Flexible Path to Success

There's no one path for evolving your business, which is why our solutions revolve around you. No matter where you are, or where you want to go, you can count on the support of our dedicated team to help you get there.

  • FWTA_Meta_Img

    Flexible Ways to Affiliate

    Solo or ensemble? Employee-based or independent? No matter where you're coming from, pick the model that works for your business today—and tomorrow.

  • Tech_Meta_Img

    Technology

    Manage your business quickly and easily from a single online location, giving you more time to focus on adding value to your clients' lives.

  • Compliance_Meta_Img

    Compliance

    Approach client challenges with a "yes" mindset. We're right there with you, offering solutions that benefit you and your investors.