Jay Michael Douglas

Employer firm

Commonwealth Financial Network CRD 8032

$213B regulatory AUM 20,450 advisory clients

Reported services (Item 5G)

Financial planning
Portfolio management (individuals)
Portfolio management (institutions)
Pension consulting
Selection of other advisers
Periodicals / newsletters

From the firm’s Form ADV. Read the guides:

Current Employers

Commonwealth Financial Network

275 Wyman Street Suite 400, Waltham, MA 02451-1200 • United States

Current Registrations

Authority	Category	Status	Date
TX	RA	APPROVED	2026-03-24
CA	RA	APPROVED	2026-01-22
WA	RA	APPROVED	2026-01-22

TX RA
APPROVED

Since 2026-03-24
CA RA
APPROVED

Since 2026-01-22
WA RA
APPROVED

Since 2026-01-22

Branch Locations

1360 Marsh Street, San Luis Obispo, CA 93401 • United States

600 West Broadway Suite 3200, San Diego, CA 92101 • United States

5000 Airport Plaza Drive Suite 245, Long Beach, CA 90815 • United States

Wealthspring

5000 Airport Plaza Drive, Suite 245, Long Beach, CA 90815 • United States

Current Registrations

Authority	Category	Status	Date
WA	RA	APPROVED	2024-10-03
CA	RA	APPROVED	2022-09-29
TX	RA	APPROVED	2022-09-29

WA RA
APPROVED

Since 2024-10-03
CA RA
APPROVED

Since 2022-09-29
TX RA
APPROVED

Since 2022-09-29

Branch Locations

1360 Marsh Street, San Luis Obispo, CA 93401 • United States

1550 Airport Boulevard Suite 205, Santa Rosa, CA 95403 • United States

One Park Plaza Suite 600, Irvine, CA 92614 • United States

15338 Central Ave, Chino, CA 91710 • United States

5000 Airport Plaza Drive, Suite 245, Long Beach, CA 90815 • United States

Disclosures

No disclosure categories reported as “Yes” on this SEC record.

Regulatory action No
Criminal No
Bankruptcy No
Civil judicial No
Bond No
Judgment / lien No
Investigation No
Customer complaint No
Termination No

Employment History

Organization	City	State	From	To
Commonwealth Financial Network	Waltham	MA	04/2009	09/2022
Wealthspring	San Luis Obispo	CA	02/2016	Present
Commonwealth Financial Network	Waltham	MA	01/2026	Present

04/2009 → 09/2022

Commonwealth Financial Network

Waltham, MA
02/2016 → Present

Wealthspring

San Luis Obispo, CA
01/2026 → Present

Commonwealth Financial Network

Waltham, MA

Previous Registrations

2009-04-24 → 2022-10-03

Commonwealth Financial Network

Chino, CA

Riverside, CA

Irvine, CA

Cambria, CA

Waltham, MA

San Luis Obispo, CA

Long Beach, CA

Santa Rosa, CA
2001-02-16 → 2009-04-30

Ameriprise Financial Services, Llc

Irvine, CA

Cambria, CA

Irvine, CA

Cambria, CA

San Luis Obispo, CA

Cambria, CA

Other Businesses

1. Co-Owner, Douglas Family Trust; an entity created for the purpose of buying and managing residential real estate in San Luis Obispo, Morro Bay, Paso Robles, and Santa Ana, CA and Eastsound, WA, as of 07/13/2015; 5% time spent during business hours; Not Conducted at branch; Investment related. 2. Co-owner, WS Tax Services, LLC; tax preparation; as of 04/24/2025; 10% of time spent during business hours; Conducted at branch location; Not Investment related. 3. Tax Preparation, WS Tax Services, LLC; as of 02/01/2026; 10% of time spent during business hours; conducted at branch; Not investment related. 4. Fixed insurance sales; as of 02/01/2026; 5% time spent during business hours; Conducted at branch; Investment related. 5. Co-Owner, WealthSpring Partners, LLC; a private entity established to facilitate securities, advisory, and insurance business; as of 02/01/2026; 10% time spent during business hours; Conducted at branch; Investment related.

Exams

Code	Exam	Date
S63	Uniform Securities Agent State Law Examination	2025-10-15
S66	Uniform Combined State Law Examination	1999-10-25

S63 Uniform Securities Agent State Law Examination

2025-10-15
S66 Uniform Combined State Law Examination

1999-10-25

Designations

Certified Financial Planner
Chartered Financial Consultant

View on SEC IAPD