Commonwealth Financial welcomes $384M trio
Another practice is joining Commonwealth Financial’s independent advisor platform as it seeks to amplify its operational capabilities and reach a lofty asset objective.
Based in Harleysville, Pennsylvania, Tupelo Wealth Partners has made the decision to move to Commonwealth as it seeks to triple its assets – effectively, hitting the $1 billion milestone – through both organic growth and strategic acquisitions.
The practice includes advisor Les Benzak – who’s been registered with Finra for more than two decades – and his colleagues John Gallagher and Lynn Craig. Before joining Commonwealth, the three drew on their nearly 90 years of collective industry experience to oversee around $384 million in client assets at Lincoln Investment.
“Having one platform was extremely appealing to us,” Benzak said. “[B]usiness is easier for us and our clients, which enables us to focus on our growth goals of tripling assets under management through organic and inorganic means.”
The trio’s practice offers full-service wealth management consulting that touches on multiple areas including financial planning, family legacy and generational planning, higher education planning, and retirement planning.
They also differentiate themselves with an intimate knowledge of the Pennsylvania state pension plan, which has been instrumental in helping clients navigate complex and life-shaping pension decisions.
“We inevitably chose Commonwealth because of the technology, culture, and leadership,” Benzak said.
Among other things, he said they were attracted by the firm’s brand marketing support service, expert resources for advanced planning and investment management, and practice management.
Commonwealth Financial is welcoming Tupelo Wealth Partners after
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