Full Spectrum Financial Solutions and NXT Phase Financial Services join from Osaic.

Commonwealth Financial Network^®, a national RIA dedicated to providing financial advisors with holistic, integrated business solutions, welcomes two Jericho, New York-based independent advisory firms previously affiliated with Securities America, now Osaic, and collectively reported more than $495* million in client assets:

• Full Spectrum Financial Solutions. Advisors include Pat Lanotte, CFP^®, Christopher Jones, CFP^®, and Paul Michaluk. The team reported advising on $329 million in client assets. Full Spectrum Financial Solutions specializes in serving those nearing and in retirement through a “chief financial officer” approach attuned to scenario analysis and coordinated across clients’ other outside professionals. Learn more at https://www.fullspectrumfinancialsolutions.com/.
• NXT Phase Financial Services. Advisors include John Carbonara, CFP^®, and Michael Murray. The team reported advising on $166 million in client assets. NXT Phase Financial Services specializes in providing educators with a complete range of financial solutions, including 403(b) retirement plan advice. Learn more at https://www.nxtphasefinancialservices.com/.

Both Full Spectrum and NXT Phase were founded in the early 1990s. For each firm, this transition is the first-ever move outside the corporate umbrella of Osaic predecessor firms. Although separate, the firms share office space. The two teams jointly explored a partner transition and visited Commonwealth’s Waltham headquarters together. Both firms identified culture, technology, and wealth management support as key decision factors.

“To choose our community after decades elsewhere is a special honor for us, and in this case, that’s doubly true,” said Becca Hajjar, managing principal and chief business development officer. “There are many paths to joining Commonwealth. This is a great example of how we can make the process easy for two firms transitioning side by side.”

Pat Lanotte, CFP^®, senior financial planner and principal owner of Full Spectrum, said, “Commonwealth’s reputation attracted our team, and what solidified the decision was our home office visit—seeing the organized approach to serving advisors and how the advanced planning, estate planning, marketing, and other teams connect the dots to help us grow. We can already see how the home office support and integrated technology are going to help us reach our long-term goals.”

“Talk about culture can be lip service, but you really do get a sense for a positive culture when talking with people around Commonwealth—both home office staff and advisors who previously made the jump,” explained John Carbonara, CFP^®, wealth manager and principal of NXT Phase. “Seeing opportunities presented to improve efficiencies in our practice is rejuvenating.”

About Commonwealth Financial Network^®

Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser, provides financial advisors with holistic, integrated solutions that support business evolution, growth acceleration, and operational efficiency. J.D. Power ranks Commonwealth “#1 in Independent Advisor Satisfaction Among Financial Investment Firms, 11 Times in a Row.” Privately held since 1979, the firm has headquarters in Waltham, Massachusetts, and San Diego, California. Learn more about how Commonwealth partners with approximately 2,200 independent financial advisors overseeing more than $296 billion** in assets nationwide by visiting www.commonwealth.com.

Commonwealth received the highest score among independent advisors in the J.D. Power 2010, 2012, 2013, 2014, and 2018‒2024 U.S. Financial Advisor Satisfaction Studies. Presented on July 10, 2024, for January to May of 2024, it is based on responses from 4,072 advisors employed by or affiliated with the firms included in the study. Not indicative of the firm’s future performance. Your experience may vary. Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee. Visit jdpower.com/awards for more details.

* Full Spectrum Financial Solutions: $329 million, as of 09/04/2024; NXT Phase Financial Services: John Carbonara, $132 million, as of 07/29/2024, and Michael Murray, $34 million, as of 09/05/2024

** As of 12/31/2023

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