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Michael Caggiano

Commonwealth Financial Network
37 Years of Experience
Salem, MA
1 DisclosureBrokerSells Insurance
View SEC Summary
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Michael Caggiano is a registered investment advisor at Commonwealth Financial Network, based in Salem, MA, with 37 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

16 Front Street, Suite 204, Salem, MA, 01970

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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
September 1994
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael sells fixed insurance products since 2004 and owns Michael X. Caggiano Financial, LLC to facilitate securities, advisory, and insurance business. He also provides tax preparation services, works as an ice hockey referee, and is a gun safety instructor.

Employment History
Current Registrations
Commonwealth Financial NetworkBroker
April 2004 - Present · 22 yrs 6 mos
Commonwealth Financial Network
April 2004 - Present · 22 yrs 6 mos
Previous Registrations
1717 Capital Management Company
April 2003 - April 2004 · 1 yr
1717 Capital Management CompanyBroker
May 2002 - April 2004 · 1 yr 11 mos
First Union Securities Financial Network, INC.
May 2002 - June 2002 · 1 mo
First Union Securities Financial Network, INC.Broker
August 1994 - June 2002 · 7 yrs 10 mos
Hibbard Brown & CO., INC.Broker
March 1989 - August 1994 · 5 yrs 5 mos
State Registrations8 states
CTFLMAMENHNJNYVA
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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