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Steven Porte

Commonwealth Financial Network
27 Years of Experience
Berwyn, PA
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Steven Porte is a registered investment advisor at Commonwealth Financial Network, based in Berwyn, PA, with 27 years of industry experience. Steven 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

1001 Old Cassatt Rd, Suite 206, Berwyn, PA, 19312

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History

Regulatory History (2)
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
February 2019
Denied
Customer Dispute
March 2002
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Steven is an agent selling fixed insurance under the name 'Legacy Planning Partners' since 2019. This activity takes about 10% of his time and is investment-related.

Employment History
Current Registrations
Commonwealth Financial NetworkBroker
October 2019 - Present · 7 yrs
Commonwealth Financial Network
October 2019 - Present · 7 yrs
Commonwealth Financial Network
October 2019 - Present · 7 yrs
Previous Registrations
Securian Financial Services, INC.
February 2012 - October 2019 · 7 yrs 8 mos
Securian Financial Services, INC.Broker
February 2012 - October 2019 · 7 yrs 8 mos
Wells Fargo Advisors Financial Network, LLC
December 2006 - November 2011 · 4 yrs 11 mos
Wells Fargo Advisors Financial Network, LLCBroker
November 2006 - November 2011 · 5 yrs
Citigroup Global Markets INC.Broker
August 1998 - November 2006 · 8 yrs 3 mos
State Registrations8 states
AZFLMDMSNJNYPATX
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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