Scott Biestek
Scott Biestek is a registered investment advisor at Commonwealth Financial Network, based in Palatine, IL, with 15 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
800 E. Northwest Hwy, Suite 500, Palatine, IL, 60074
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Scott sells fixed life insurance, fixed annuities, and health insurance as an insurance agent through Biestek Wealth Management, LLC. He also owns Biestek Wealth Management, LLC, which operates as a company for securities, investment advisory, and fixed insurance business, and The Law Office of Scott A. Biestek, J.D., where he works as an attorney and owner.
Employment History
Current Registrations
Commonwealth Financial Network
Commonwealth Financial NetworkBroker
State Registrations10 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.