MK
ChFC
MK
ChFC

Mark Kraus

28 Years of Experience
Bloomington, IN
BrokerSells Insurance

Mark Kraus is a ChFC-designated registered investment advisor at Commonwealth Financial Network, based in Bloomington, IN, with 28 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
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
3079 advisors
Number of Clients
399,450 clients
Average Client Portfolio
$525K average
Assets Under Management
$209.7B

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.

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Location

357 E. Winslow Road, Bloomington, IN, 47401

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Mark sells fixed insurance products, dedicating minimal time to this activity. This activity is investment-related and conducted at the branch location.

Employment History
Current Registrations
Commonwealth Financial Network
August 2018 - Present · 7 yrs 9 mos
Commonwealth Financial Network
August 2018 - Present · 7 yrs 9 mos
Commonwealth Financial NetworkBroker
August 2018 - Present · 7 yrs 9 mos
Previous Registrations
Ifs Planning Strategies, LLC
April 2017 - October 2019 · 2 yrs 6 mos
MML Investors Services, LLCBroker
March 2017 - August 2018 · 1 yr 5 mos
MML Investors Services, LLC
March 2017 - August 2018 · 1 yr 5 mos
Msi Financial Services, INC.
January 2015 - March 2017 · 2 yrs 2 mos
Msi Financial Services, INC.Broker
January 2015 - March 2017 · 2 yrs 2 mos
New England Securities Corporation
January 2002 - January 2015 · 13 yrs
New England SecuritiesBroker
November 1997 - January 2015 · 17 yrs 2 mos
State Registrations21 states
ALCACODEFLGAIAILINMDMONCNJOHOKORPASCTXVAWI
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.