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CFP
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CFP

Melody Foti

Commonwealth Financial Network
26 Years of Experience
Northampton, MA
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Melody Foti is a CFP-designated registered investment advisor at Commonwealth Financial Network, based in Northampton, MA, with 26 years of industry experience. Melody 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
2904 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

241 King Street, Suite 215, Northampton, MA, 01060

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History

Regulatory History (1)
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 2003
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Melody sells fixed insurance, dedicating minimal time to this activity. She also owns rental property and Sophia Wealth Strategies, LLC, a private entity for securities, advisory, and insurance business, taking up nearly all of her time. Additionally, Melody is an author selling a self-published book, dedicating minimal time to this.

Employment History
Current Registrations
Commonwealth Financial Network
October 2022 - Present · 4 yrs
Commonwealth Financial NetworkBroker
October 2022 - Present · 4 yrs
Previous Registrations
Wells Fargo Clearing Services, LLC
May 2014 - October 2022 · 8 yrs 5 mos
Wells Fargo Advisors, LLC
February 2013 - December 2013 · 10 mos
Wells Fargo Clearing Services, LLCBroker
January 2013 - October 2022 · 9 yrs 9 mos
Morgan StanleyBroker
June 2009 - January 2013 · 3 yrs 7 mos
Citigroup Global Markets INC.Broker
December 1999 - June 2009 · 9 yrs 6 mos
State Registrations19 states
AZCACOCTFLGAHIMAMIMNNCNHNJNYPARISCTXVT
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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