Michael Sullum
Michael Sullum is a registered investment advisor at Commonwealth Financial Network, based in Tetonia, ID, with 22 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
Tetonia, ID
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Regulatory History (1)
Customer Dispute
April 2022Other Business ActivitiesSells Insurance
Michael is involved in fixed insurance sales, dedicating about 10-20% of his time, and owns M&A Capital Group, Inc. He also co-owns Dream Properties Fly Eagles Fly, LLC, Boundless Valley Ranch, LLC, and Tranquil Mountain, LLC, spending minimal time on these ventures.
Employment History
Current Registrations
Commonwealth Financial Network
Commonwealth Financial NetworkBroker
Commonwealth Financial Network
Previous Registrations
Lincoln Financial Advisors Corporation
Lincoln Financial Advisors CorporationBroker
Metlife Securities INC.
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
Genesis Securities, LLCBroker
E*trade Professional Trading, LLCBroker
Momentum Securities, L.L.C.Broker
Domestic Securities, INC.Broker
All-Tech Direct, INC.Broker
State Registrations17 states
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.