Commonwealth Financial Network announced on Tuesday that of Monarch Retirement Group of San Diego has joined the independent broker-dealer. Formerly an SII Investments-affiliated firm, Monarch oversees $250 million in client assets.
"Monarch Retirement Group provides top-notch service to clients in and near retirement, and we are pleased to welcome this practice to the Commonwealth community," John Rooney (left), Commonwealth's managing principal in San Diego, said in a statement. "As Monarch continues to focus on next-generation planning, we look forward to providing the platform needed to drive steady growth and the support to build upon and strengthen their client relationships."
"The size of Commonwealth alone will have a notable impact on major existing clients, such as executives at large telecom and defense companies, who will all benefit from the increased offerings now at our fingertips," said founding Monarch member Jim Galante. "At the same time, all our clients can appreciate the independently owned business model of Commonwealth."
