Two six-person potential adviser groups observed Monday, September 28 both list Commonwealth Financial Network as origin firm

Two groups, one common origin firm

Registration records observed for Monday, September 28, 2026 show two potential adviser groups, and both carry the same marker: each lists Commonwealth Financial Network, CRD 8032, as the origin firm. Each group counts six people in the observed record. One pairs Commonwealth with Kestra Advisory Services, LLC, CRD 283330; the other pairs Commonwealth with Cetera Investment Advisers LLC, CRD 105644. These are registration patterns in the data, not confirmed transfers, shared branches, or recruiting wins.

The Kestra record names James K. Waninger (CRD 2397165), James M. Waninger (CRD 7208185), and Madeline Dauby (CRD 7208192) among its selected people. The record lists Kestra Advisory Services, LLC as the destination firm. The complete roster of six people in the group is not established by the source; the named individuals are the selected examples the record supports.

The Cetera record names Joseph D. Smalley (CRD 2596767), Kendra Osowski (CRD 4857062), and Ryan J. Balks (CRD 5501947) among its selected people, and lists Cetera Investment Advisers LLC as the destination firm. As with the Kestra group, the record shows a six-person potential group, and the fuller membership is not established.

What the records do — and do not — establish

A potential affiliation group means the registration data pairs these firms and people on the observation date. It does not establish that anyone left one employer for another, that the individuals worked together at a shared branch, or that a firm recruited them as a unit. Employment dates are not part of what these records show, and neither is the full roster of any group. The names and CRDs above are exactly what the source records support; everything beyond that — motives, client or asset movement, coordination — stays outside the reporting.

One observation date, one coverage window

The source window for this edition runs from September 28, 2026 to September 28, 2026, a single day, and every group in the complete record list was observed on that same date. The observation date is the day the records were seen, not the date any individual registration was filed or updated; the underlying registration dates for these individuals are not part of the cited facts.

The complete selected-period count is two potential groups, all observed September 28, 2026. The homepage chart carries one bar for that date with a value of two groups; it covers the full selected period, not a sample, and it counts registration patterns rather than confirmed team transfers.

Selected records at a glance

The full appendix of source records follows this article, with expansion and CSV download. It lists the source records themselves, not verified complete team rosters or confirmed group membership, and the selected examples here are not an industry ranking.

Complete record list

The full-period list contains 2 records. The homepage breakdown covers the complete list: Sep 28 (2).

The list below includes all 2 records observed on 09/28/2026 within the 09/28/2026–09/28/2026 source window. These are potential affiliation groups, not confirmed coordinated team transfers. Source-listed names can be partial when indicated.