Michael Bakker
Michael Bakker is a registered investment advisor at Commonwealth Financial Network, based in Hopewell Junction, NY, with 35 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
Heritage Square, 2531 Route 52, Suite 207, Hopewell Junction, NY, 12533
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Regulatory History (1)
Customer Dispute
February 2023Other 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
Commonwealth Financial Network
Commonwealth Financial NetworkBroker
Previous Registrations
Wells Fargo Advisors, LLC
Wells Fargo Clearing Services, LLCBroker
First Union Brokerage Services, INC.Broker
M&t Securities, INC.Broker
Bhcm INC.Broker
Gna Securities, INC.Broker
Natwest Investor Services CorporationBroker
Uslife Equity Sales CORP.Broker
Legend Capital CorporationBroker
Thomas James Associates, INC.Broker
State Registrations12 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.