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Trap Kloman — President and Chief Operating Officer · Commonwealth Financial Network · Waltham, Massachusetts, United States.
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About
Extensive experience in the financial and consulting services industries growing, scaling and transforming businesses to ensure their fiscal strength, drive change in evolving industries, elevate the firms' cultures and enhance the customer experiences.
Through various roles as President, COO and CFO, lead corporate strategy and finance, business transformations, M&A, LBO’s, IPO’s, and have spun out an internal SaaS solution into an independent company.
Commonwealth Financial Network®, Member FINRA (http://www.finra.org/) /SIPC (http://www.sipc.org/). Please review our Terms of Use. (http://www.commonwealth.com/termsofuse.html)
Opinions expressed on this page are personal and do not represent Commonwealth Financial Network®
Experience
Managing Principal - President & COOCurrent
Commonwealth Financial Network · Waltham, MA
Apr 2015 – Present
Serve as president and chief operating officer at Commonwealth Financial Network. Commonwealth is focused on being known as the indisputable best partner to client-centric advisors, through a comprehensive platform delivering integrated technology, tier one support services, and differentiated business solutions that enables advisors to optimize their success through all stages of their firm’s life-cycle. Joining the firm in 2015 as CFO, servant leader delivering on the company’s mission every day to help clients live their best lives by delivering an indispensable advantage to advisors, which has contributed to Commonwealth being ranked #1 in independent advisor satisfaction by J.D. Power twelve times in a row. Responsibilities span across leading the evolution of the business product offering, launching our advisor investment and RIA platforms, and overseeing the firm’s technology, operations, compliance, legal, risk and finance operations. Commonwealth received the highest score among independent advisors in the J.D. Power 2010, 2012, 2013, 2014, and 2018–2025 U.S. Financial Advisor Satisfaction Studies. Presented on July 16, 2025, for December 2024 through April 2025, it is based on responses from 3,698 advisors employed by or affiliated with the firms included in the study. Not indicative of the firm’s future performance. Your experience may vary. Study is independently conducted, and the participating firms do not pay to participate. Use of study results in promotional materials is subject to a license fee. Visit jdpower.com/awards for more details.
Senior Vice President
LPL Financial · Greater Boston Area
Dec 2004 – Apr 2015
Responsible for broad set of financial and strategic leadership roles for a company in transformation, as it evolved from founder-led private company, to PE backed, to public, while experiencing substantial organic and inorganic growth, Senior Vice President - Investor Relations - Built and led investor relations program post-IPO developing and communicating corporate strategy, capital structure and financial performance with investors and analysts. Vice President - Corporate Finance - Managed firm-wide investment analysis, business case design, budgeting and forecasting activities. Led IPO process, including coordinating with internal teams to prepare for public company responsibilities, working with bankers and outside counsel and meeting with investors and analysts. Vice President - Corporate Development - Led due diligence, valuation analysis and negotiations on multiple acquisitions of broker-dealers and technology companies to help scale company and position for ongoing success in a consolidating industry. Explored international expansion opportunities in China and Canada.
Education
Skills
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