Andrew Lomanto
Andrew Lomanto is a registered investment advisor at Commonwealth Financial Network, based in Peru, NY, with 24 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
Peru, NY
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Regulatory History (1)
Customer Dispute
February 2010Other Business ActivitiesSells Insurance
Andrew sells fixed insurance, dedicating minimal time to this activity. He is also a co-owner of Lomanto & Company, LLC, DBA Lomanto Provost Financial Advisors, which facilitates securities, advisory, and insurance business, also taking minimal time.
Employment History
Current Registrations
Commonwealth Financial Network
Commonwealth Financial Network
Commonwealth Financial NetworkBroker
Previous Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Securities America Advisors, INC.
Securities America, INC.Broker
Invest Financial CorporationBroker
Invest Financial Corporation
Hsbc Securities (USA) INC.
Hsbc Securities (USA) INC.Broker
Cco Investment Services CORP.
Cco Investment Services CORP.Broker
Charter One Securities, INC.Broker
AXA Advisors, LLCBroker
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.