Peter Yacovone
Peter Yacovone is a CFP-designated registered investment advisor at Commonwealth Financial Network, based in Glastonbury, CT, with 42 years of industry experience. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 399,450 clients with $210B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Commonwealth Financial Network offers investment management through various programs like PPS Custom, PPS Select, and PPS Direct. Fees are generally calculated as a percentage of your portfolio, including cash and money market positions. The exact fees vary depending on the specific program and the agreement between you and your advisor.
Commonwealth generally offers two types of fee schedules: blended and breakpoint. With a blended schedule, different portions of your portfolio are charged at different rates. With a breakpoint schedule, the fee rate declines as your portfolio value reaches certain levels. All fees are negotiable between the advisor and client.
Location
200 Glastonbury Blvd, Suite 101, Glastonbury, CT, 06033
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Regulatory History (1)
Customer Dispute
February 2026Other Business ActivitiesSells Insurance
Peter sells fixed insurance, dedicating minimal time to this activity. He is also a co-owner of Heritage Capital Advisors, LLC and owner of Eastbury Financial Services, LLC, spending about half his time on the latter. Finally, Peter subleases office space to Labor First.
Employment History
Current Registrations
Commonwealth Financial NetworkBroker
Commonwealth Financial Network
Previous Registrations
Wells Fargo Clearing Services, LLCBroker
Wells Fargo Clearing Services, LLC
Merrill Lynch Pierce Fenner & Smith INC.
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Advest, INC.
Advest, INC.Broker
Allmerica Investments, INC.Broker
Pruco Securities CorporationBroker
First Investors CorporationBroker
State Registrations13 states
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.