David Licary
David Licary is a registered investment advisor at Commonwealth Financial Network, based in Roscoe, IL, with 32 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
10772 Main Street, Suite 1, Roscoe, IL, 61073
Get directionsHistory
Regulatory History (3)
Regulatory
January 2013Customer Dispute
September 2006Customer Dispute
June 2005Other Business ActivitiesSells Insurance
David sells fixed insurance, dedicating minimal time to this activity. He is also a co-owner of Strategic Wealth Management, a private entity facilitating securities, advisory, and insurance business, taking up nearly all of his time.
Employment History
Current Registrations
Commonwealth Financial NetworkBroker
Commonwealth Financial Network
Commonwealth Financial Network
Previous Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Securities America Advisors, INC.
Securities America, INC.Broker
Cetera Advisor Networks LLC
Cetera Advisor Networks LLCBroker
Metlife Securities INC.
Metlife Securities INC.Broker
Metlife Securities INC.
Metropolitan Life Insurance CompanyBroker
Thrivent Investment Management INC.Broker
Lutheran Brotherhood Securities CORP.Broker
Aal Capital Management CorporationBroker
State Registrations18 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.