Family-Owned $630 Million Krueger Financial Services Exits Osaic for Commonwealth

Krueger Financial Services of Tempe, Ariz., has joined the Commonwealth Financial Network of independent financial advisers. Formerly affiliated with Osaic, the team reported serving more than $630 million in client assets. Advisers on the staff of nine include Kim Krueger, CFP, Eric Krueger, CFP, and Tim Hill, CFP.

“One of the biggest challenges as an ensemble practice is that much of the industry hasn’t evolved to serve our business model,” said Kim Krueger, owner and financial adviser. “It’s only upon making the change that I’ve unpacked how much we need what Commonwealth provides. Now, we have a partner well-equipped to support our business model, and as the industry changes, we have the option to potentially shift into a hybrid [registered investment adviser] approach without changing partners.”

“We also value the tools and resources around business continuity and succession, as our primary objective is to ensure our clients are well served for generations to come,” Kim Krueger added.

According to Kim Krueger, Commonwealth will help the team gain efficiencies through its integrated trading platform and access to subject matter experts.

The team at Krueger Financial Services said it works collaboratively to deliver comprehensive financial planning and advice to individuals and families, some of which span four generations. In seeking a long-term partner, the Krueger team focused on cultural fit, ownership by people involved in the business, technology efficiencies, and an experienced support team.

“As a family-owned practice, the Krueger team felt at home with our private ownership structure,” said Becca Hajjar, managing principal and chief business development officer. “Also, like us, the team wants a decades-long partnership based around giving clients an outstanding experience.”

Earlier this month, Commonwealth added Sentinel Advisory Group, a $300 million asset team from Middleton, Wis. In June, Kin Wealth of San Antonio, Texas, and its $250 million in client assets joined Commonwealth’s network of independent financial advisers. And in fall 2023, a former Lincoln Investments firm based in San Diego – Mammini Company – joined with $3 billion in client assets.

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.

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