Terramar Wealth of Carlsbad, Calif., has joined Commonwealth Financial Network, a nationwide firm that provides integrated business solutions to financial advisors.
Formerly with Osaic, Terramar Wealth has more $300 million in client assets under management. Its team spans three generations, with advisors including Mike Gallop, CFP, AIF, Danny McMahon, Steve Statzer, Steve Rubinstein, Greg Fox, Jeffrey Gardner and Todd Oberlin. Pat Posada is director of compliance.
“We’re honored that Terramar Wealth chose Commonwealth for its only affiliation change in 22 years as it charts a growth trajectory that includes deepening services to high-net-worth clients,” said Becca Hajjar, managing principal and chief business development officer.
Terramar Wealth was an Office of Supervisory Jurisdiction (OSJ) affiliate of SagePoint Financial for more than two decades and has been appointed to serve as an OSJ as a Commonwealth affiliate. The team offers comprehensive financial planning, customized investment portfolios, and guidance about Medicare, Social Security and other long-term care considerations.
Commonwealth Financial Network, a member of FINRA/SIPC and a registered investment adviser, has been ranked by J.D. Power “#1 in Independent Advisor Satisfaction Among Financial Investment Firms” 10 times in a row. Privately held since 1979, the firm has headquarters in Waltham, Mass., and San Diego.
