SM
CFP

Sean Patrick Mcdermott

36 Years of Experience

Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
6 advisors
Number of Clients
1,352 clients
Average Client Portfolio
$468K average
Assets Under Management
$632.5M

Fee Structure

Minimum Investment:None
Financial Planning:Investment management only
AUM-Based Fees (Flat)
Assets Under ManagementAnnual Fee
$0+1.50%

Fee is negotiable based on various factors.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee

SIAS charges a maximum annual wrap fee of 1.50% of assets under management. This fee covers both portfolio management and transaction costs. The fee is negotiable based on factors such as total account value, complexity of planning, investment allocation, customer loyalty, and personal relationships. Fees are paid quarterly in advance, and refunds are prorated upon termination. There is no account minimum.

Areas of Practice
Investment Management
Loading...

Advisor Information

Office location

3065 Center Pointe Drive, Suite 2, Roseville, MN, 55113

Get directions
Regulatory History (2)
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
March 2009
Settled
Customer Dispute
October 2003
Settled
Other Business ActivitiesSells Insurance

Sean is involved in several business activities, including non-variable insurance sales, seminar speaking, estate planning services, real estate, tax advisory services, and authorship. He also owns Summit Investment Advisors and Summit Estate Planning, LLC.

Employment History
Current Registrations
Summit Investment Advisory Services
February 2014 - Present · 11 yrs 11 mos
LPL Financial LLC Broker
August 2000 - Present · 25 yrs 5 mos
Previous Registrations
LPL Financial LLC
April 2010 - October 2015 · 5 yrs 6 mos
Securities America, INC.Broker
September 1989 - August 2000 · 10 yrs 11 mos
State Registrations37 states
AKALARAZCACODCFLGAIAIDILKSLAMAMIMNMOMTNCNDNENJNVNYOHOKORPARISCSDTXVAWAWIWY
AdvisorBrokerBoth
Exams
No exam information available for this advisor.
Sean Patrick Mcdermott - Financial Advisor | AdvisorDiscover