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Department of Labor Notice

If you have a directly held IRA with Commonwealth, you will soon be receiving an important notice from Commonwealth Financial Network® regarding a Department of Labor required notification.


The notice acknowledges that effective February 1, 2022, Commonwealth and its advisors are acting as fiduciaries under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code of 1986 (the Code) when providing investment advice to IRA owners such as yourself. As fiduciaries under ERISA and the Code, we render advice that is in your best interest.


Please don’t hesitate to let our team know if you have any questions regarding the notice by calling the office or emailing .