Q. Whom do you serve?
A. We serve the following:
- Pension and profit-sharing plans
- Trusts and estates
- Charitable organizations
- Small- to mid-size businesses
Q. What products or services do you provide?
A. We provide access to the following products and services:
- Managed investment programs
- Stocks, bonds, and mutual funds
- Life insurance and variable annuities
- Retirement plans (IRAs, Roth IRAs, SIMPLE plans, and 401(k)s)
- Estate planning strategies (trusts, charitable gifting, and wills)
- CDs and money market accounts
- Real estate investment trusts (REITs)
- Limited partnerships
Q. Who can benefit the most from your services?
A. Anyone who has a financial, investment, or estate planning concern can benefit from our services. Furthermore, those seeking a higher, more sophisticated level of financial or investment strategies than they are curently recieving will also benefit.
Q. How much do you need to get started?
A. There is no minimum or maximum dollar requirement to begin working with us. We recognize that individuals and businesses with modest assets have financial needs as well. Our goal is to cultivate a quality, long-term relationship with our clients. Some of the more sophisticated financial strategies may require investable assets in excess of $150,000 or more.
Q. How do you charge for your services?
A. Most of our clients opt to be charged a fee based on assets under management; however, many of our clients require us to provide total service regarding their financial needs. Therefore, we provide our clients with a variety of products and services.
Q. Do you provide legal services or prepare income tax returns?
A. No; however, if legal services or tax preparation is required, we have developed long-term relationships with several attorneys and CPAs that we would be happy to refer you to.
Q. Is client information kept confidential?
A. Absolutely. All information is confidential. Our recommendations are personal in nature and are not discussed with anyone else except as directed by you, the client.
Q. What is Commonwealth Financial Network®?
A. Commonwealth Financial Network was one of the first investment firms to devote itself to serving independent financial consultants as an independent broker/dealer. Commonwealth is one of the most respected firms serving the financial services community today. Through a national network of financial advisors, people from all walks of life entrust Commonwealth with $64 billion in assets under management (as of February 10, 2012) to prepare for their financial future. Commonwealth is a member of FINRA and SIPC.
Q. What is National Financial Services, and what is the SIPC coverage for accounts?
A. Accounts are carried by National Financial Services, LLC, member NYSE/SIPC. Securities in accounts carried by National Financial Services, LLC, a Fidelity Investments company, are protected by the Securities Investor Protection Corporation (SIPC) up to $500,000 (including cash claims limited to $250,000). For details, please see www.sipc.org. NFS has arranged for additional insurance protection for cash and securities to supplement its SIPC coverage. This additional protection covers total account net equity in excess of the $500,000/$100,000 coverage provided by SIPC. Neither coverage protects against a decline in the market value of securities.