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CFP · ChFC
JS
CFP · ChFC

Jeffrey Steele

Commonwealth Financial Network
36 Years of Experience
Auburn Hills, MI
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Jeffrey Steele is a CFP, ChFC-designated registered investment advisor at Commonwealth Financial Network, based in Auburn Hills, MI, with 36 years of industry experience. Jeffrey 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

3252 University Drive, Suite 145, Auburn Hills, MI, 48326

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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
December 2008
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Jeffrey sells fixed insurance as an agent, dedicating about 10% of his time to this activity. He also owns vacant land and co-owns rental property, both investment-related activities requiring minimal time.

Employment History
Current Registrations
Commonwealth Financial Network
November 2019 - Present · 6 yrs 11 mos
Commonwealth Financial Network
November 2019 - Present · 6 yrs 11 mos
Commonwealth Financial NetworkBroker
November 2019 - Present · 6 yrs 11 mos
Previous Registrations
MML Investors Services, LLCBroker
March 2017 - November 2019 · 2 yrs 8 mos
MML Investors Services, LLC
March 2017 - November 2019 · 2 yrs 8 mos
Msi Financial Services, INC.
February 2011 - March 2017 · 6 yrs 1 mo
Metlife Securities INC.
May 2006 - September 2008 · 2 yrs 4 mos
Msi Financial Services, INC.Broker
October 1990 - March 2017 · 26 yrs 5 mos
Metropolitan Life Insurance CompanyBroker
October 1990 - July 2007 · 16 yrs 9 mos
State Registrations16 states
CACODCFLGAILINKYMINCNHNJOHTXUTWA
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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