Fred
Scheffner

Commonwealth Financial Network

CRD#2636108
Investment Advisor
in Salt Lake City, UT

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About this Advisor

Fred Scheffner is a financial advisor operating in Salt Lake City, Utah with 21 years of industry experience. Scheffner currently works for Commonwealth Financial Network. They have spent their complete time as a financial advisor at Commonwealth Financial Network. Scheffner has Series 63 and Series 65 licenses, which qualify them as both a securities agent and an investment advisor representative, and is able to serve investors in Utah. Commonwealth Financial Network is a registered investment business operating out of Waltham, MA. The investment advisory business has offices in 1,759 locations and a total of 4,300 advisors. It administers $146 billion in total assets between its 585,629 accounts, making it one of the largest financial advisory firms in the United States by assets under management. The firm advises 2,108 charities and foundations. Of its 585,629 accounts, just 4% are associated with high-net-worth individuals who have at least $1 million in assets. Commonwealth Financial Network has a diverse set of services, including 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. Fees for financial management are based on which services the firm provides the client. Fee types billed by Commonwealth Financial Network most likely are comprised of asset-based, hourly, fixed and commission-based fees.

Certifications and Registrations

Series 63, Series 65

Years Registered*

21 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

Office Location

4525 South Wasatch Blvd. Suite 250
Salt Lake City, UT 84124

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Commonwealth Financial Network Brokerage Details

Total Assets Under Management

$146,387,007,862

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

4,300

UT Average: 118
Total Number of Accounts

585,629

UT Average: 4,567
Average Account Size

$249,965

UT Average: $3,506,186

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

Disclosures

Please visit the SEC profile of Fred Scheffner to learn whether or not they have any disclosures. It is important to do your due diligence when looking for an advisor.

Financial Advisors at Commonwealth Financial Network

Fred Scheffner
Salt Lake City, UT
Michael Legacy
San Diego, CA
Sviatlana Maslava
New York, NY
Mark Kutzke
Rochester, MN
Seth Penney
Iowa City, IA
Tristan Garrett
Lombard, IL
Stephanni Sharp
San Diego, CA
Samuel Rich
Waltham, MA

The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the certification marks CFP® and CERTIFIED FINANCIAL PLANNER™ in the United States, which it authorizes the use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

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