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CFP
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CFP

Eric Elek

Commonwealth Financial Network
28 Years of Experience
Pittsburg, PA
BrokerSells Insurance
View SEC Summary
View SEC Summary

Eric Elek is a CFP-designated registered investment advisor at Commonwealth Financial Network, based in Pittsburg, PA, with 28 years of industry experience. Eric 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

C/O Wealth Management Partners,Llc, 790 Holiday Drive, Pittsburg, PA, 15220

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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

Eric sells fixed insurance products since 2001, dedicating minimal time. He also co-owns rental real estate with his spouse since 2015, also dedicating minimal time, and is the president and owner of Elek Wealth Management, LLC since 2015, dedicating nearly full-time hours.

Employment History
Current Registrations
Commonwealth Financial Network
June 2008 - Present · 18 yrs 4 mos
Commonwealth Financial NetworkBroker
November 2001 - Present · 24 yrs 11 mos
Previous Registrations
Wealth Management Partners, LLC
January 2002 - October 2009 · 7 yrs 9 mos
The Advisors Group, INC.Broker
June 1998 - December 2001 · 3 yrs 6 mos
State Registrations33 states
AKAZCACOCTDCFLGAIAILINKSKYMDMIMNMOMSMTNCNJNVNYOHORPASCTNTXUTVAVTWV
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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