The Commonwealth financial network has recruited Schneider Wealth Strategies, a New York -based team with more than $ 320 million as wealth under advice. Founder David A. Schneider was previously linked to the search for investment in Cambridge for the last 17 years.

Schneider's property strategies serve to owners of high net value business, professionals and retirees in the New York area. He has joined by Wanda Mercado, customer service manager.

“When I was considering partner firms, I was closely looking at solutions for daily customer investment management,” Schneider said in a statement. “Commonwealth is the best race in efficiency, and its technology will help me push my practice to the next level and give my customers an effective digital experience.”

He also withdrew from the portfolios and culture of the Commonwealth model.

“It doesn't seem to be many layers, and I don't have a great sense of bureaucracy from Commonwealth,” he said in a statement. “I've been independent for more than 30 years, so it was important for me to choose a firm with a reputation to really honor independence.”

This follows the news in December that Commonwealth drew two Long Island -based firmsFull spectrum financial solutions and Financial services of the NXT phase, with more than $ 495 million in wealth by Osaic.

Commonwealth is based in Waltham, Mass., And San Diego, and also has a center of operation in Blue Ash, Ohio. The firm works with about 2,345 independent advisers nationwide and oversees over $ 344 billion.