North Mankato, MN Office

Team
Updated today
Commonwealth Financial Network logo

Commonwealth Financial Network

Enterprise

Firm-wide stats for Commonwealth Financial Network

Total advisors

2,692

Across 1,183 offices

Clients per advisor

132 Very High

Avg AUM per client

$568,323 High

HNW client ratio

12% Typical

About

Commonwealth Financial Network is a dual‑registered broker/dealer and SEC‑registered investment adviser that serves a national network of approximately 2,900 affiliated advisors and hundreds of thousands of individual and institutional clients, managing roughly $212.7 billion in client assets. The firm offers a broad adviser‑support platform that includes discretionary and nondiscretionary managed‑account programs (PPS Custom, PPS Select, PPS Direct), access to third‑party asset managers, retirement and plan consulting, and custody/clearing services.

Advisors work with clients to define goals and risk tolerance and may implement portfolios using Commonwealth’s internally managed model portfolios (Investment Management and Research team) or by outsourcing execution and model implementation to third‑party platforms and subadvisers (for example, Envestnet, SEI, and Orion). Commonwealth acts as a wrap‑fee program sponsor and back‑office provider—covering trading, reporting, and householding—while offering a mix of mutual funds, ETFs, individual securities, annuity subaccounts, and personalized indexing and tax‑aware options.

Noteworthy aspects disclosed in the firm’s brochure include its acquisition by LPL Financial Holdings, Inc. on August 1, 2025 and recent regulatory matters, including a March 2026 SEC judgment that resulted in a $5,000,000 civil penalty and earlier SEC enforcement related to mutual fund share‑class disclosures. The firm also discloses material conflicts arising from its clearing and sweep arrangements—notably revenue‑sharing with its clearing firm—and a range of advisor compensation and transition incentives (administrative‑fee discounts, graduated payouts, and forgivable loans) that can affect program availability and recommendation incentives.

Based on Commonwealth Financial Network

Expertise

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy

Based on Commonwealth Financial Network

Occupation focus

Founder/Business Owner Executive Retired

Based on Commonwealth Financial Network

Location

1651 Commerce Drive, Suite 100

North Mankato MN 56003

Advisors at this office

5

Advisors at this office

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Dustin S

CFP®, Series 63

North Mankato, MN

Commonwealth Financial Network

Dustin Sauter is a CFP®-designated financial advisor with Commonwealth Financial Network, based in North Mankato, MN. He has 10 years of industry experience and is also a co-owner of Pratt Financial, Inc., a private entity involved in securities, advisory, and insurance business. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of around 2,900 advisors and hundreds of thousands of clients, managing approximately $212.7 billion in assets. The firm provides a broad adviser-support platform including managed-account programs, third-party asset manager access, and retirement consulting, with services spanning trading, reporting, and custody.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
user avatar

Adam K

Series 66

North Mankato, MN

Commonwealth Financial Network

Adam Kunkel is a financial advisor at Commonwealth Financial Network in North Mankato, MN, holding a Series 66 designation with eight years of industry experience. His career includes roles at Edward Jones and Pratt Wealth Management. He also engages in fixed insurance sales as a minor business activity. Commonwealth Financial Network serves a national network of approximately 2,900 advisors and hundreds of thousands of clients, managing about $212.7 billion in assets. The firm offers a comprehensive adviser-support platform with managed-account programs, access to third-party asset managers, and custody and clearing services.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
user avatar

Bradley P

Series 63

North Mankato, MN

Commonwealth Financial Network

Bradley Pratt is a financial advisor with Commonwealth Financial Network, holding a Series 63 designation and over 42 years of industry experience. He has been with Commonwealth since 2012 and also maintains a long-standing role at Pratt, Kutzke & Associates LLP since 2001. Pratt is involved in fixed insurance sales as a minor part of his business activities. Commonwealth Financial Network is a registered investment adviser serving a national network of approximately 2,950 advisors and their clients. The firm provides a range of advisory programs, technology, and operational support, allowing advisors discretion in portfolio construction and offering proprietary model portfolios managed by its Investment Management and Research team.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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Drew T

Series 66

North Mankato, MN

Commonwealth Financial Network

Drew Totland is a financial advisor with Commonwealth Financial Network, holding a Series 66 designation and two years of industry experience. Prior to joining Commonwealth, he worked at Thrivent Financial and Pratt Wealth Management. Outside of his advisory role, he is employed as a bouncer at a local tavern in Mankato, MN. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of nearly 2,900 advisors and managing approximately $213 billion in client assets. The firm provides a broad platform including managed-account programs, access to third-party asset managers, retirement consulting, and custody services.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
user avatar

Bryan P

CFP®, Series 63, Series 65

North Mankato, MN

Commonwealth Financial Network

Bryan Pratt is a CFP® with 22 years of industry experience, currently affiliated with Commonwealth Financial Network. He has worked at Pratt Wealth Management since 2020 and has been with Commonwealth Financial Network since 2012. Pratt has co-ownership interests in private entities related to securities administration and commercial real estate in North Mankato, MN. Commonwealth Financial Network is a dual-registered broker/dealer and SEC-registered investment adviser serving a national network of nearly 2,900 advisors and hundreds of thousands of clients. The firm provides a comprehensive adviser-support platform including managed-account programs, access to third-party managers, retirement consulting, and custody services, offering a range of investment options across mutual funds, ETFs, individual securities, and tax-aware strategies.

Passive / index investing Active portfolio management Tax-loss harvesting Wealth management Retirement income strategy Founder/Business Owner Executive Retired
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