UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 13F
FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2010
Check here if Amendment [ ]; Amendment Number: 1
This Amendment (Check only one.): 	[ ] is a restatement.
                              		[ ] adds new holdings
                              	            entries.

Institutional Investment Manager Filing this Report:
      Name: 	            Commonwealth Equity Services, LLP, d/b/a
                            Commonwealth Financial Network
      Address: 	            29 Sawyer Rd.
		            Waltham, MA 02453

      Form 13F File Number: 28-13650

The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete,
and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of
this form.

Person Signing this Report on Behalf of Reporting Manager:

Name:  Brendan Daly
Title: Legal and Compliance Counsel
Phone: 781-529-9107

Signature, 		Place, 			and Date of Signing:
Brendan Daly		Waltham, MA 		April 30, 2010

Report Type (Check only one.):
      [X] 13F HOLDINGS REPORT.
      [ ] 13F NOTICE.
      [ ] 13F COMBINATION REPORT.


FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 14
Form 13F Information Table Value Total: $130,060 (thousands)

List of Other Included Managers: NONE



                                            
	FORM 13F INFORMATION TABLE
                                                            VALUE    SHARES/  SH/ PUT/ INVSTMT    OTHER    VOTING AUTHORITY

NAME OF ISSUER               TITLE OF CLASS     CUSIP      (x$1000)  PRN AMT  PRN CALL DSCRETN   MANAGERS  SOLE  SHARED  NONE


EATON VANCE LTD DUR INCOME F COM                27828H105     1827  114,826   SH       SOLE                 0       0      0
EATON VANCE TAX MNG GBL DV E COM                27829F108     1816  150,294   SH       SOLE                 0       0      0
ISHARES TR                   BARCLYS 1-3YR CR   464288646    20779  198,674   SH       SOLE                 0       0      0
ISHARES TR INDEX             RUSSELL1000GRW     464287614    25830  497,213   SH       SOLE                 0       0      0
ISHARES TR INDEX             RUSSELL1000VAL     464287598    25734  421,388   SH       SOLE		    0       0      0
ISHARES TR INDEX             RUSL 2000 GROW     464287648     1271   17,350   SH       SOLE		    0       0      0
ISHARES TR INDEX             RUSL 2000 VALU     464287630     7543  118,161   SH       SOLE                 0       0      0
ISHARES TR INDEX             RUSSELL MCP GR     464287481     1654   34,082   SH       SOLE                 0       0      0
ISHARES TR INDEX             RUSSELL MCP VL     464287473     8210  203,579   SH       SOLE                 0       0      0
SPDR SERIES TRUST            BRCLYS SHRT ETF    78464A425    12099  504,974   SH       SOLE                 0       0      0
SPDR SERIES TRUST            BRCLYS YLD ETF	78464A417      524   13,178   SH       SOLE                 0       0      0
VANGUARD INTL EQUITY INDEX F EMR MKT ETF        922042858     4201   99,598   SH       SOLE                 0       0      0
VANGUARD TAX-MANAGED FD      EUROPE PAC ETF     921943858    11843  342,093   SH       SOLE                 0       0      0
VANGUARD INDEX FDS           REIT ETF		922908553     6728  137,831   SH       SOLE                 0       0      0