Commonwealth Lures San Antonio-Based Team With $250 Million in Client Assets
Commonwealth Financial Network announced the addition of Kin Wealth of San Antonio, Texas, to its network of independent financial advisers. Formerly with Frost Bank, the team brings with them more than $250 million in total client assets.
Kin Wealth is led by Rebecca Boyd, chief executive officer and founder, and Collin Fabac, partner.
After 24 years with Frost, Boyd chose Commonwealth and partnered with Fabac so they could establish their firm’s independence. The name Kin Wealth signals the importance of taking a family-centered approach when helping clients develop financial values and plans. That approach sits at the center of all their client relationships.
“What drives us is educating clients and tailoring strategies around what is most important to them,” Boyd said. While their clients generally range from high-net-worth to mass affluent, they believe their personal approach especially resonates with women – executives, business owners, and widows. “Listening ‘between the lines’ catalyzes women’s investment in the process and in their financial futures,” she said. They strive for clientele as committed to the work as she and her team are.
Boyd recognized that commitment in Commonwealth. “There was a boutique feel to the firm, and I saw early on that they would treat us the way we treat our clients,” she said. Galvanized by the firm’s virtual transition support, which eased their move from the bank channel to independence, Kin Wealth also benefited from access to the firm’s brand studio offering and in-house marketing consultants to help develop a name, logo, and web presence for their newly independent business. Finally, Commonwealth’s expansive menu of research and investment offerings enables the team to match their clients up with the most appropriate solutions for their financial situation.
Long term, Boyd looks forward to expanding the team while spreading the word about Kin Wealth’s vision, values, and services to clients and prospects. Commonwealth’s professional development programs and network will help Kin Wealth attract and retain talent.
This latest affiliation made by Commonwealth builds on their record recruiting in 2023.
“Kin Wealth’s commitment to educating and engaging clients in the planning process is a wonderful model and very much at the heart of the service commitment Commonwealth strives to provide to our clients – our advisers,” said Becca Hajjar, managing principal and chief business development officer. “We’re delighted to help Rebecca and the team at Kin Wealth build their practice from the ground up through our expansive offering platform and to support their vision of leaving a lasting impact on the next generation.”
Commonwealth Financial Network provides financial advisers with holistic, integrated solutions that support business evolution, growth acceleration, and operational efficiency. Privately held since 1979, the firm has headquarters in Waltham, Mass., and San Diego, and oversees more than $296 billion in assets nationwide.
