Executive Shifts at Commonwealth Financial

Rich Hunter has been named president and chief operating officer at Commonwealth Financial Network, effective immediately.

Hunter was previously managing principal and chief financial officer. He has been with Commonwealth for 25 years, overseeing all financial activity for the company.

Peter Wheeler will assume the title of vice chairman. These management changes will support the controlled, strategic growth of the firm. Wheeler, continuing his almost three-decade career at Commonwealth, will retain oversight of legal and compliance; he will also focus on long-term executive management responsibilities and strategic planning.

In May, Commonwealth created a senior vice president title and promoted seven managers to this role within their departments: John Bohsin brokerage operations; Simon Heslopin asset management; Jim Hommeyerin strategic and tax planning; Carly Maher in sponsor relations and conferences; Gavin Morrissey in wealth management; E.J. Sutherland in information technology; and Paul Tolley in compliance.

Commonwealth Financial Network is a privately held independent broker/dealer and registered investment adviser.