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CFP
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CFP

Richard Tonkinson

Commonwealth Financial Network
35 Years of Experience
Miami, FL
3 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Richard Tonkinson is a CFP-designated registered investment advisor at Commonwealth Financial Network, based in Miami, FL, with 35 years of industry experience. Richard 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

2398 South Dixie Highway, Miami, FL, 33133

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History

Regulatory History (3)
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
October 2008
Settled
Customer Dispute
July 2008
Denied
Customer Dispute
June 2001
Denied
View Full SEC ReportHow to Read Disclosures
Other 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
July 2011 - Present · 15 yrs 3 mos
Commonwealth Financial NetworkBroker
July 2011 - Present · 15 yrs 3 mos
Previous Registrations
Securities America Advisors, INC.
February 2005 - July 2011 · 6 yrs 5 mos
Securities America, INC.Broker
February 2005 - July 2011 · 6 yrs 5 mos
New England Securities Corporation
September 1991 - February 2005 · 13 yrs 5 mos
New England SecuritiesBroker
September 1991 - February 2005 · 13 yrs 5 mos
State Registrations19 states
ALARCOFLGAKSMDMOMSNCNJNVOHOKPASCTNTXVA
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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