Commonwealth Financial Network has appointed managing principal and chief financial officer Rich Hunter as president and chief operating officer.

Hunter, who has overseen all financial activity at the firm for 25 years, will retain his other roles.

In other developments, Peter Wheeler, who has been at the firm for about 30 years, will retain oversight of the firm’s legal and compliance affairs, but with the additional title of vice chairman. He will also focus on long-term executive management responsibilities and strategic planning, the firm said.

Commonwealth has also promoted seven managers to the newly-created position of senior vice president, in addition to their existing roles. 

They are: John Bohs, brokerage operations; Simon Heslop, asset management; Jim Hommeyer, strategic and tax planning; Carly Maher, sponsor relations and conferences; Gavin Morrissey, wealth management; E J Sutherland, information technology; and Paul Tolley, compliance.

Commonwealth Financial Network has headquarters in Waltham, MA, and San Diego, CA.