TrueAdvisor
TrueAdvisor
MD
MD

Michael Desepoli

Commonwealth Financial Network
17 Years of Experience
Smithtown, NY
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Desepoli is a registered investment advisor at Commonwealth Financial Network, based in Smithtown, NY, with 17 years of industry experience. Michael 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
2913 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

180 East Main Street, Ste 301, Smithtown, NY, 11787

Get directions

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.
Criminal
February 2006
Final Disposition
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael owns Gold Coast Wealth Consulting LTD, established in 2013 to facilitate securities, advisory, and insurance business, dedicating minimal time. He also serves as a trustee for a client since 2018, dedicating minimal time.

Employment History
Current Registrations
Commonwealth Financial NetworkBroker
December 2023 - Present · 2 yrs 10 mos
Commonwealth Financial Network
December 2023 - Present · 2 yrs 10 mos
Previous Registrations
Cambridge Investment Research Advisors, INC.
April 2021 - December 2023 · 2 yrs 8 mos
Cambridge Investment Research, INC.Broker
January 2013 - December 2023 · 10 yrs 11 mos
H.D. Vest Investment ServicesBroker
February 2009 - December 2012 · 3 yrs 10 mos
State Registrations7 states
CAFLGANYPASCVA
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.
More Advisors
More financial advisors in Smithtown, NY →All financial advisors in New York →