MSC Boosts Assets; Commonwealth Recognized by Pubs

Mutual Service Corporation (MSC) reports that it has increased its advisory assets under management by more than 20 percent, from $5.1 billion in August 2006 to more than $6 billion as of April 30, 2007. The firm includes about 1,500 independent financial advisors.

West Palm Beach, Fla.-based MSC says that its Special Class Program, which is comprised of MSC advisors who manage asset allocation for their clients, continues to excel and contribute to MSC's double-digit growth. The program, which MSC launched five years ago, surpassed $2 billion in assets under management in March 2007.

ooooooooCommonwealth Financial Network says that it has been recognized by Computerworld magazine as a top workplace for information technology (IT) professionals. Nationally, Commonwealth ranks 12th among other small companies and 76th overall. The independent broker-dealer employs 400 people in its Waltham, Mass., and San Diego offices and has 86 professionals in its IT department. Its network includes about 1,000 independent registered reps.