Adam Provance
Adam Provance is a registered investment advisor at Commonwealth Financial Network, based in Joliet, IL, with 17 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
950 Essington Road, Suite 2A, Joliet, IL, 60435
Get directionsHistory
Regulatory History (1)
Customer Dispute
May 2021Other 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
Commonwealth Financial NetworkBroker
Previous Registrations
Commonwealth Financial Network
LPL Financial LLCBroker
LPL Financial LLC
Cetera Advisor Networks LLC
Cetera Advisor Networks LLCBroker
Edward Jones
Edward JonesBroker
State Registrations13 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.