TrueAdvisor
TrueAdvisor
NO
CFP
NO
CFP

Nicholas Ovshak

Commonwealth Financial Network
8 Years of Experience
New Brighton, MN
BrokerSells Insurance
View SEC Summary
View SEC Summary

Nicholas Ovshak is a CFP-designated registered investment advisor at Commonwealth Financial Network, based in New Brighton, MN, with 8 years of industry experience. Nicholas 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
2904 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

919 Old Highway 8 Nw, Suite 400, New Brighton, MN, 55112

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History

Regulatory History
Clean regulatory record

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

Nicholas is involved in fixed insurance sales since June 2021, dedicating minimal time to this activity. This activity is investment-related and conducted at a branch location.

Employment History
Current Registrations
Commonwealth Financial NetworkBroker
June 2021 - Present · 5 yrs 4 mos
Commonwealth Financial Network
June 2021 - Present · 5 yrs 4 mos
Previous Registrations
Fidelity Brokerage Services LLCBroker
December 2019 - June 2021 · 1 yr 6 mos
Ameriprise Financial Services, INC.Broker
February 2019 - November 2019 · 9 mos
Ameriprise Financial Services, INC.
February 2019 - November 2019 · 9 mos
Commonwealth Financial Network
September 2018 - February 2019 · 5 mos
Commonwealth Financial NetworkBroker
August 2018 - February 2019 · 6 mos
State Registrations24 states
AKALARAZCACOFLGAIDILKYMNMONCNDNVOHSCSDTNTXVTWAWI
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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