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Michael Bakker

Commonwealth Financial Network
35 Years of Experience
Hopewell Junction, NY
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Bakker is a registered investment advisor at Commonwealth Financial Network, based in Hopewell Junction, NY, with 35 years of industry experience. Michael 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

Heritage Square, 2531 Route 52, Suite 207, Hopewell Junction, NY, 12533

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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
February 2023
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is a Managing Partner and 50% Owner of Flourish Wealth Advisors, LLC, spending nearly full-time on securities, advisory, and insurance business. He also engages in fixed insurance sales, dedicating minimal time to this activity.

Employment History
Current Registrations
Commonwealth Financial Network
June 2021 - Present · 5 yrs 4 mos
Commonwealth Financial NetworkBroker
April 2018 - Present · 8 yrs 6 mos
Commonwealth Financial Network
April 2018 - Present · 8 yrs 6 mos
Previous Registrations
Wells Fargo Advisors, LLC
June 2013 - September 2015 · 2 yrs 3 mos
Wells Fargo Clearing Services, LLCBroker
October 2000 - May 2018 · 17 yrs 7 mos
First Union Brokerage Services, INC.Broker
December 1996 - October 2000 · 3 yrs 10 mos
M&t Securities, INC.Broker
October 1995 - November 1996 · 1 yr 1 mo
Bhcm INC.Broker
February 1995 - October 1995 · 8 mos
Gna Securities, INC.Broker
February 1993 - February 1995 · 2 yrs
Natwest Investor Services CorporationBroker
August 1992 - December 1992 · 4 mos
Uslife Equity Sales CORP.Broker
June 1992 - July 1992 · 1 mo
Legend Capital CorporationBroker
September 1989 - November 1990 · 1 yr 2 mos
Thomas James Associates, INC.Broker
June 1988 - May 1989 · 11 mos
State Registrations13 states
CACOCTFLMANCNJNYOHPASCTXVA
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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