Michael Westerman
Michael Westerman is a registered investment advisor at Commonwealth Financial Network, based in Owasso, OK, with 31 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
12315 East 86th Street North, suite 101, Owasso, OK, 74055
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Regulatory History (1)
Customer Dispute
February 2009Other Business ActivitiesSells Insurance
Michael sells fixed insurance, dedicating minimal time to this activity. He also owns Westerman Financial Services, LLC, which facilitates securities, advisory, and insurance business, taking up all of his time. Additionally, Michael co-owns Land Destination, LLC, a commercial real estate venture, dedicating about 10% of his time, and serves as a trustee for the Larkin Bailey Foundation, dedicating minimal time.
Employment History
Current Registrations
Commonwealth Financial Network
Previous Registrations
Commonwealth Financial NetworkBroker
Bok Financial Advisors
Bosc, INC.Broker
Arvest Asset Management
Arvest Asset ManagementBroker
Nationwide Investment Services CorporationBroker
Primevest Financial Services, INC.
Primevest Financial Services, INC.Broker
CueBroker
Investment Professionals, INC.Broker
Invest Financial CorporationBroker
Edward D. Jones & CO., L.P.Broker
State Registrations1 state
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.