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Adam Provance

Commonwealth Financial Network
18 Years of Experience
Joliet, IL
1 DisclosureBrokerSells Insurance
View SEC Summary
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Adam Provance is a registered investment advisor at Commonwealth Financial Network, based in Joliet, IL, with 18 years of industry experience. Adam 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

950 Essington Road, Suite 2A, Joliet, IL, 60435

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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
May 2021
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Adam sells fixed insurance, coaches basketball, is a co-owner of Pursuit Wealth Group, LLC (facilitating securities, advisory, and insurance business), and is a co-owner of Compass Tax Advisors, LLC (providing tax preparation). He dedicates about 10% of his time to fixed insurance sales, minimal time to Compass Tax Advisors, and full-time hours to Pursuit Wealth Group.

Employment History
Current Registrations
Commonwealth Financial Network
February 2022 - Present · 4 yrs 8 mos
Commonwealth Financial NetworkBroker
February 2022 - Present · 4 yrs 8 mos
Previous Registrations
Commonwealth Financial Network
February 2022 - February 2022 · 0 mos
LPL Financial LLCBroker
December 2013 - March 2022 · 8 yrs 3 mos
LPL Financial LLC
December 2013 - March 2022 · 8 yrs 3 mos
Cetera Advisor Networks LLC
February 2011 - November 2013 · 2 yrs 9 mos
Cetera Advisor Networks LLCBroker
February 2011 - November 2013 · 2 yrs 9 mos
Edward Jones
September 2008 - February 2011 · 2 yrs 5 mos
Edward JonesBroker
August 2008 - February 2011 · 2 yrs 6 mos
State Registrations14 states
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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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