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 Capital Allocation & Management, Inc., Symmetry, 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.

EXPERIENCE FEE-ONLY INDEPENDENCE LEVERAGING OUR CORPORATE RIA

Conduct an exclusively fee-based business as an IAR of Commonwealth—with a payout up to
100%*—and gain access to the full array of investment choices your clients demand through our Preferred Portfolio Services® (PPS) and approved third-party platforms.

Whether you choose to handle the investment management yourself or outsource it to subadvisors, you can enjoy maximum freedom and flexibility. Select from Commonwealth’s PPS platform, Wealth Management Consulting program, and other advisory services, based upon your clients’ needs.

We’re behind you all the way with the resources, service, and support you can rely on, including:

  • A seamless transition. This is the last move you should ever have to make, so our firm-wide team of experts is at your disposal every step of the way to help ensure that you have the best overall experience possible. For years, we’ve supported fee-based advisors during their transition with maximum retention of clients and their assets.
  • Award-winning research team. Tap into the institutional-quality analysis and due diligence our team does on your behalf. From analysis of the markets to asset allocation to portfolio construction, it’s added value that’s at your disposal whenever you and your clients need it, at no additional charge.
  • A truly integrated technology platform. We’ve built and continue to refine our systems to work the way you do. Everything you need—from trading and CRM to document storage and performance reporting—is integrated on a single platform. And because our technology incorporates everything you know that’s important to your clients with the distinct way your firm operates, you’re able to drive more productive interactions and form deeper relationships.
  • Practice management consultants. Our specialists help you embrace the role of CEO—offering guidance on everything from hiring staff to marketing your brand to creating a succession plan.
  • The compliance support you need. Commonwealth’s full Compliance infrastructure is at your disposal, including a team of consultants who understand your objectives and see themselves as an extension of your team, working to help you achieve them.

*Administrative fees vary based on your overall fee-based assets and specific business mix.

RIA-ONLY DOESN‘T MEAN RIA ALONESM

Experience the advantages of running your advisory and planning business through your own RIA—including 100%* payout—without the responsibilities of maintaining your own infrastructure. You create the fee structure that works for you and maintain complete control over how you provide advisory, asset management, and financial planning services. So you have complete flexibility in how you market and run your business—and we take care of the rest.

We’re behind you all the way with the resources, service, and support you can rely on, including:

  • A seamless transition. This is the last move you should ever have to make, so our firm-wide team of experts is at your disposal every step of the way to help ensure that you have the best overall experience possible. For years, we’ve supported fee-based advisors during their transition with maximum retention of clients and their assets.
  • A truly integrated technology platform. We’ve built and continue to refine our systems to work the way you do. Everything you need—from trading and CRM to document storage and performance reporting—is integrated on a single platform. And because our technology incorporates everything you know that’s important to your clients with the distinct way your firm operates, you’re able to drive more productive interactions and form deeper relationships.
  • Practice management consultants. Our specialists help you embrace the role of CEO—offering guidance on everything from hiring staff to marketing your brand to creating a succession plan.
  • Only the compliance support you need. Take advantage of surveillance reports that help you manage your regulatory compliance obligations, and call on our in-house team of experts any time with questions. We also offer discounts to third-party specialists we’ve done the due diligence on, who can provide you with regulatory guidance.

*Administrative fees vary based on your overall fee-based assets and specific business mix.