Commonwealth Financial Network has added UICCU Wealth Management of Iowa City, Iowa, and Cedar Rapids, Iowa, to its network of independent financial advisors.
Formerly affiliated with LPL Financial, Mark Law, managing director and chief investment officer, along with his team of 14 advisors, bring with them more than $500 million in total client assets.
Affiliated with the University of Iowa Community Credit Union, UICCU Wealth Management focuses on fee-based investment management services, as well as comprehensive retirement, college savings, wealth transfer, and life and long-term care insurance planning, plus brokerage services.
For 10 of the last 11 quarters, UICCU has been ranked "#1 in the Nation for Total Return to the Member" out of nearly 14,000 banks and credit unions.
UICCU Wealth Management has pioneered the development of Participant Choice for TIAA-CREF participants in university retirement plans, giving employees the opportunity to choose independent advice for their retirement account investment management.
Andrew Daniels, managing principal of business development at Commonwealth, said: "We are pleased to welcome UICCU Wealth Management to the Commonwealth community. Our success is largely based on the success of our advisors, and UICCU is on an incredibly positive trajectory. The energy shared among the UICCU team, matched with our top-tier resources and true commitment to service, create a dynamic partnership where UICCU can focus first and foremost on its clients’ financial well-being."
Mark Law, CIMA, AIF, CMFC, managing director and chief investment officer of UICCU Wealth Management, said: "In Commonwealth, we found a company that mirrors our strong values and commitment to community. Integrating Commonwealth’s unmatched — and award-winning — technology platform will immediately add value to our practice, increasing efficiency and allowing our team to provide an exceptional client experience for years to come."