WALTHAM, Mass.--(BUSINESS WIRE)-- Commonwealth Financial Network® recently ranked 229th out of 500 innovators in InformationWeek’s 24th annual survey of technology teams. The survey recognizes business technology teams across all industries that have made notable advancements to improve their operations and offerings to customers.
Commonwealth was recognized specifically for its business continuity and disaster recovery solution, which integrates load balancing, virtualization, and clustering with its existing technology infrastructure to provide backup and business continuity for the firm’s 1,400 affiliated financial advisors and its home office.
“The companies cited are what InformationWeek informally refers to as ‘the innovators and rule breakers,’” said Darren Tedesco, managing principal of innovation and strategy. “We’re thrilled to be recognized for pushing the envelope on behalf of the advisors and investors we serve and for fully embracing IT’s customer-facing role—something that InformationWeek points to as a hallmark of the very best organizations.”
“Our technology strategy is integral to Commonwealth’s ability to help our advisors serve their clients and keep their businesses competitive,” said Tedesco. “Our success in attracting and retaining the kind of IT professionals who can deliver innovative solutions is a key element of our ability to deliver on our mission.”
Earlier this year, Commonwealth was named a Computerworld Best Place to Work in IT for the sixth consecutive year. In December 2011, Tedesco was also named to the InvestmentNews Power 20 list of people who will have the greatest influence on financial advisors and the industry in 2012.
About Commonwealth Financial Network
Founded in 1979, Commonwealth Financial Network, member FINRA/SIPC, and a registered investment adviser, is the nation’s largest privately held independent broker/dealer, with headquarters in Waltham, Massachusetts, and San Diego, California. J.D. Power and Associates ranks Commonwealth “Highest in Independent Advisor Satisfaction Among Financial Investment Firms” two times in a row*. The firm supports more than 1,400 independent registered representatives nationwide and makes available a comprehensive array of financial products and services. For more information, please visit www.commonwealth.com.
*Commonwealth Financial Network received the highest numerical score in the independent advisor segment in the proprietary J.D. Power and Associates 2010 and 2012 Financial Advisor Satisfaction StudiesSM. The 2012 study was based on nearly 2,800 total responses and measures overall financial advisor satisfaction among advisors registered with Financial Industry Regulatory Authority (FINRA) investment firms. Proprietary study results are based on experiences and perceptions of financial advisors surveyed between November 2011 and January 2012. Your experiences may vary. Visit jdpower.com.
Source: Commonwealth Financial Network