A wealth management practice formerly affiliated with MML Investors Services has joined Commonwealth Financial Network, Commonwealth says.
Troy, Mich.-based Center for Wealth Management, which includes financial advisors Robert Moore, Justin Williamson and Jeffrey Steele, manages $220 million, according to a press release from Commonwealth.
The practice focuses on pre-retirees and early retirees and also has a niche in serving engineers and young professionals, with expertise in employee benefits for DTE Energy in nearby Detroit, Commonwealth says.
Moore joined the financial services industry in 2002 and Williamson in 2001, according to BrokerCheck. Steele has been in the industry since 1990, according to his BrokerCheck profile. All three became registered with MML in 2017, according to BrokerCheck.
“By moving our practice to Commonwealth, we are gaining a tremendous advantage in technology capabilities and consulting, in terms of both accessibility and accuracy of information, as well as overall efficiency,” Moore says in the press release. “With Commonwealth, there is an unmatched ease of doing business and helpfulness that will enable us to do much more for our clients, as well as allow for more opportunities to expand our services and hands-on support.”
Commonwealth is on a roll luring advisors from rivals. Last month, the company nabbed a Pennsylvania practice that manages $1 billion from Securian Financial Services as well as a $191 million practice, also in Pennsylvania, from Cetera Advisor Networks.