AP

Adam Gregory Provance

17 Years of Experience

Firm Information

Compensation
Commission-BasedFee-Only (AUM)Fixed/Hourly
Number of Advisors
3151 advisors
Number of Clients
399,450 clients
Average Client Portfolio
$525K average
Assets Under Management
$209.7B

Fee Structure

Commonwealth offers various advisory programs with different fee structures. The PPS Custom Program (Transactions) assesses transaction charges for the purchase and sale of certain securities. The PPS Custom Program (Platform) assesses a quarterly platform fee that is asset-based rather than dependent on the volume of transactions to cover purchase and sale transactions and annual maintenance fee costs. Advisors may elect to pay the platform fee on a client’s behalf. Commonwealth also receives revenue-sharing payments from NFS based on client assets held by Commonwealth with NFS in non-Fidelity NTF and iNTF funds that participate in Fidelity’s NTF and iNTF programs and non-Fidelity TF funds that participate in Fidelity’s TF program.

Areas of Practice
Investment ManagementRetirement PlanningFinancial Planning & Coaching
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Advisor Information

Office location

950 Essington Road, Suite 2A, Joliet, IL, 60435

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Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
May 2021
Settled
Other 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
February 2022 - Present · 3 yrs 11 mos
Commonwealth Financial Network Broker
February 2022 - Present · 3 yrs 11 mos
Previous Registrations
Commonwealth Financial Network
February 2022 - February 2022 · 0 mos
LPL Financial LLC Broker
December 2013 - March 2022 · 8 yrs 3 mos
LPL Financial LLC
December 2013 - March 2022 · 8 yrs 3 mos
Cetera Advisor Networks LLC
February 2011 - November 2013 · 2 yrs 9 mos
Cetera Advisor Networks LLCBroker
February 2011 - November 2013 · 2 yrs 9 mos
Edward Jones
September 2008 - February 2011 · 2 yrs 5 mos
Edward Jones Broker
August 2008 - February 2011 · 2 yrs 6 mos
State Registrations12 states
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AdvisorBrokerBoth
Exams
No exam information available for this advisor.
Adam Gregory Provance - Financial Advisor | AdvisorDiscover