Richard Tonkinson
Richard Tonkinson is a CFP-designated registered investment advisor at Commonwealth Financial Network, based in Miami, FL, with 34 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
2398 South Dixie Highway, Miami, FL, 33133
Get directionsHistory
Regulatory History (3)
Customer Dispute
October 2008Customer Dispute
July 2008Customer Dispute
June 2001Other Business ActivitiesSells Insurance
Richard is involved in several business activities, including fixed insurance sales (minimal time), co-ownership of Tonkinson Financial, Inc. (nearly full-time), and co-ownership of multiple Tonkinson Properties LLCs for real estate management (minimal time). He is also the president and part-owner of Tonkinson Foundation, Inc. (minimal time).
Employment History
Current Registrations
Commonwealth Financial Network
Commonwealth Financial NetworkBroker
Previous Registrations
Securities America Advisors, INC.
Securities America, INC.Broker
New England Securities Corporation
New England SecuritiesBroker
State Registrations19 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.