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Laurence Walker

Commonwealth Financial Network
45 Years of Experience
Monterey, CA
3 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Laurence Walker is a registered investment advisor at Commonwealth Financial Network, based in Monterey, CA, with 45 years of industry experience. Laurence is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Business Owners, Charitable Giving, and 10 more. Their firm serves 360,488 clients with $210B in assets under management.

Commonwealth Financial Network
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
2913 advisors
Number of Clients
360,488 clients
Average Client Portfolio
$590K average
Assets Under Management
$212.7B

Fee Structure

Minimum Investment:$25K
Planning is included in investment management (also available separately)
Minimum Annual Fee:$600
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $750K2.25%
$750K - $1.0M2.00%
$1.0M - $2.0M1.75%
$2M+1.50%

Fees are negotiable. Schedule represents maximum allowable annual management fees for PPS Custom programs. Other programs like PPS Select and PPS Direct have separate advisor and program fee schedules.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

1062 Cass Street, Suite 200, Monterey, CA, 93940

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History

Regulatory History (3)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
June 2016
Denied
Customer Dispute
December 2002
Settled
Customer Dispute
October 1998
Closed-No Action
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Laurence sells fixed insurance, co-owns rental property, and co-owns two private entities (Walker-Deering, LLC and Monterey Custom Wealth Management, LLC) established to facilitate securities, advisory, and insurance business. The insurance sales take minimal time, while the two LLCs each take a full-time commitment.

Employment History
Current Registrations
Commonwealth Financial NetworkBroker
October 2020 - Present · 6 yrs
Commonwealth Financial Network
October 2020 - Present · 6 yrs
Previous Registrations
UBS Financial Services INC.
September 2011 - November 2020 · 9 yrs 2 mos
UBS Financial Services INC.Broker
September 2011 - November 2020 · 9 yrs 2 mos
Morgan Stanley Smith BarneyBroker
June 2009 - September 2011 · 2 yrs 3 mos
Morgan Stanley Smith Barney LLC
June 2009 - September 2011 · 2 yrs 3 mos
Citigroup Global Markets INC.
October 1998 - June 2009 · 10 yrs 8 mos
Citigroup Global Markets INC.Broker
August 1998 - June 2009 · 10 yrs 10 mos
Wells Fargo Securities INC.Broker
August 1995 - September 1998 · 3 yrs 1 mo
A. G. Edwards & Sons, INC.Broker
July 1992 - June 1995 · 2 yrs 11 mos
Dean Witter Reynolds INC.Broker
February 1988 - July 1992 · 4 yrs 5 mos
E. F. Hutton & Company INCBroker
February 1984 - February 1988 · 4 yrs
Dean Witter Reynolds INC.Broker
July 1981 - March 1984 · 2 yrs 8 mos
State Registrations12 states
ARAZCAHIIDNCNVORTNTXUTWA
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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