Michael
Hefner

Commonwealth Financial Network

CRD#2949943
Investment Advisor
in West Des Moines, IA
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About this Advisor

Michael Hefner is a certified financial planner and personal financial specialist in West Des Moines, Iowa. Currently a registered investment advisor at Commonwealth Financial Network, they have accrued a notable 22 years of practice in the financial advisory industry. Hefner maintains a Series 63 license, certifying them as a securities representative. Hefner is registered to work with clients based out of Iowa. Hefner has spent their entire career at Commonwealth Financial Network. Commonwealth Financial Network is headquartered in West Des Moines, Iowa, and has 1,090 brick-and-mortar locations in the nation. In aggregate, Commonwealth Financial Network oversees $81 billion in assets across 335,560 client accounts and employs more than 3,200 people. The firm's total assets under management makes it one of the biggest investment advisory firms in the United States. The firm manages 328,891 accounts on a discretionary basis, meaning the advisor makes all of the buying and selling decisions on the client's behalf. Currently 3% of the firm's investors are high-net-worth individuals, meaning they have over $1 million in capital. Commonwealth Financial Network can offer financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. The firm's fees may include asset-based, hourly, fixed and commission-based fees.

Certifications and Registrations

Series 63, Certified Financial Planner, Personal Financial Specialist

Years of Experience

22 years

Services Offered

Financial planning services, Portfolio management for individuals and/or small businesses, Portfolio management for businesses or institutional clients, Pension consulting services, Selection of other advisers, Publication of periodicals or newsletters, Educational seminars/workshops

Fee Structure

Percentage of Assets, Hourly Charges, Fixed Fees, Commissions

Disclosures

Yes

Office Location

1415 28Th Street Suite 335
West Des Moines, IA 50266

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Commonwealth Financial Network Brokerage Details

Total Assets Under Management

$85,214,650,650

IA Average: $16,012,751,954
Total Number of Employees

3,350

IA Average: 118
Total Number of Accounts

388,288

IA Average: 4,567
Average Account Size

$219,462

IA Average: $3,506,186

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Investment Advisory Services

  • Financial planning services
  • Portfolio management for individuals and/or small businesses
  • Portfolio management for businesses or institutional clients
  • Pension consulting services
  • Selection of other advisers
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

Michael Hefner Work History

Michael has 22 years of experience.

2004 - Present (15 years)

Commonwealth Financial Network

Disclosures

Michael Hefner has disclosures.

Please visit their SEC profile for more details.

This content was compiled from the SEC and FINRA.

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