What We Offer: Fee-Based Platform

With the flexibility you need to operate virtually any type of fee-based asset management practice, Preferred Portfolio Services® (PPS) is the asset management platform that can take you where you want to go.

Choose Your Own Path to Success

PPS At A Glance

Whether your goal is 100% advisory business under your own Registered Investment Adviser, or you’d like to run a fee-only business as an Investment Adviser Representative under Commonwealth’s Registered Investment Adviser umbrella program, you’re free to make the choices that are right for your practice and your clients. Take advantage of:

  • Compliance guidance
  • Advisory agreements
  • Institutional-quality research
  • Web-based portfolio management and performance reporting
  • Our Growing Advisor Program, where we share the economies of scale with you as your assets under management grow
  • As much or as little help as you need—from creating a portfolio to simply processing your business
  • Freedom to choose products and sponsors without pressure or bias from us
  • The Commonwealth Alliance Program (CAP), which lets you share compensation with outside professionals—including attorneys, accountants, and other client centers of influence—thereby expanding your reach and encouraging referrals
Practice 360°® Models
PPS Custom program

Actively participate in the management of client portfolios utilizing your choice of individual securities, mutual funds, ETFs, individual equity and fixed income instruments, annuities, and alternative investments.

Enjoy the freedom to manage your accounts on a discretionary basis, with or without the assistance of Commonwealth’s model portfolios and recommended mutual fund list. And do it all through Client360°®, our web-based system that serves as the hub of your advisory practice and delivers the comprehensive portfolio management and performance reporting capabilities you and your clients demand.

And let our Practice 360°® Models capability help you scale your investment management function, so you can spend more time focusing on clients. With just a few clicks, you can manage and rebalance model portfolios across your entire book of business.

PPS Direct Mutual Fund Wrap program

Our turnkey mutual fund wrap program offers portfolio management from third-party advisory firms. You assist clients in matching risk tolerance, time horizon, and investment objectives to tactically managed mutual fund model portfolios.

Third-party advisory firms include Loring Ward and Russell Investments.

PPS Direct Separately Managed Account program

In partnership with Envestnet Asset Management, PPS Direct SMA offers the advisory services of institutional money managers using individual securities as the underlying investments

PPS Direct Unified Managed Account program

In partnership with Envestnet Asset Management, PPS Direct UMA allows you to combine select SMAs, mutual funds, and ETFs in a single account.

PPS Select program

Commonwealth’s own turnkey mutual fund, ETF, and closed-end fund wrap program offers portfolio management from Commonwealth’s Investment Research team. You match client objectives to models and outsource the asset management to Commonwealth’s strategists.

Third-party fee-based programs

Commonwealth maintains relationships with several third-party advisory firms that offer various investment management styles, including strategic and tactical asset allocation, passive investing, and institutional money manager relationships.

Investors should consider the investment objectives, risks and charges, and expenses of the investment company carefully before investing. The prospectus contains this and other information about the investment company. You can obtain a prospectus from your financial advisor. Read the prospectus carefully before investing.

Financial Planning Playbook
Wealth Management Consulting Program

As an Investment Adviser Representative of Commonwealth, you have the ability to charge hourly fees for consulting services under Commonwealth’s federally Registered Investment Adviser umbrella program.

Take advantage of our Financial Planning Playbook to assist you in creating winning strategies for your clients. And the Commonwealth Forum, our exclusive online discussion group that gives you easy access to a broader universe of expertise and a diversity of perspectives. Through the forum, you can gain insight on confusing or unusual situations—or share advice, approaches, and ideas for expanding your business with other advisors and Commonwealth staff. You also have access to discounts on MoneyGuidePro, Money Tree, and NaviPlan financial planning software.

Retirement Plan Consulting Program

Let our comprehensive program help you take advantage of the unprecedented opportunities in the qualified retirement plan marketplace.

Through the program, qualified advisors* can offer one-time or ongoing advisory services to qualified workplace retirement plans. The program provides you with universal access, enabling you to consult on any qualified plan, backed by a contract that acknowledges fiduciary status for both plan sponsor and participant-level advice.

*Accredited Investment Fiduciary® (AIF®) or Chartered Retirement Plans SpecialistSM (CRPS®) designation required.