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Louis Desepoli

Commonwealth Financial Network
27 Years of Experience
Simpsonville, SC
1 DisclosureBrokerSells Insurance
View SEC Summary
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Louis Desepoli is a registered investment advisor at Commonwealth Financial Network, based in Simpsonville, SC, with 27 years of industry experience. Louis 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

Simpsonville, SC

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History

Regulatory History (1)
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
June 2023
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Louis sells fixed insurance, dedicating minimal time to this activity. He is also a co-owner of Desepoli Wealth Management, LTD and Heritage Financial Advisory Group, LLC, both established to facilitate securities, advisory, and insurance business, dedicating full-time hours to each. Finally, Louis is a co-trustee for 6 non-client trusts, spending minimal time on this activity.

Employment History
Current Registrations
Commonwealth Financial Network
December 2023 - Present · 2 yrs 10 mos
Commonwealth Financial NetworkBroker
December 2023 - Present · 2 yrs 10 mos
Previous Registrations
Cambridge Investment Research Advisors, INC.
May 2021 - December 2023 · 2 yrs 7 mos
Cambridge Investment Research, INC.Broker
January 2013 - December 2023 · 10 yrs 11 mos
H.D. Vest Investment ServicesBroker
December 1998 - December 2012 · 14 yrs
State Registrations8 states
CAFLGANJNYPASCVA
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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