John Challas
John Challas is a ChFC-designated registered investment advisor at Commonwealth Financial Network, based in Bloomington, MN, with 40 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
7900 International Drive, Suite 405, Bloomington, MN, 55425
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
John is the owner and president of Challas Consulting, LLC, a business coaching company, spending about a quarter of his time on this. He is also a co-owner of Integrated Equity Management, Inc., which facilitates securities, advisory, and insurance business, dedicating minimal time to this.
Employment History
Current Registrations
Commonwealth Financial NetworkBroker
Commonwealth Financial Network
Commonwealth Financial Network
Previous Registrations
Centaurus Financial, INC.
Centaurus Financial, INC.Broker
Allianz Life Financial Services, LLCBroker
Questar Asset Management, INC.
Questar Capital CorporationBroker
Associated Investment Services, INC.
Associated Investment Services, INC.Broker
Securian Financial Services, INC.
Securian Financial Services, INC.Broker
Mimlic Sales CorporationBroker
Historic Square Equities, IncorporatedBroker
Amev Investors, INC.Broker
State Registrations1 state
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.