Timothy John Bain

Spark Asset Management Group

31 Years of Experience

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Firm Information

Spark Asset Management Group

Compensation

Fee-Only (AUM)Fixed/Hourly

Number of Advisors

2 advisors

Number of Clients

33 clients

Average Client Portfolio

$266K average

Assets Under Management

$8.8M

Fee Structure

Financial Planning:Included in AUM fee

Hourly Rate:Up to $225/hr

Spark's fees are based on a percentage of assets under management or advisement, hourly charges (maximum $225/hour), or fixed fees, and are negotiable. Fees for assets held away are billed quarterly in advance. Clients using Plan Confidence service are charged a flat monthly fee of $25 per account. Clients must provide 30 days written notice to terminate an account and will not receive any refund upon termination.

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Areas of Practice

Investment ManagementRetirement PlanningFinancial Planning & CoachingEstate PlanningTax Planning

Advisor Information

Office location

413 N. Center St., Statesville, NC, 28677

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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

August 2005

Settled

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Other Business ActivitiesSells Insurance

Timothy teaches music lessons, sells retail merchandise, and provides consulting as corporate secretary and part owner of Music 49 Inc. He also manages client portfolios as an investment advisor and managing member of Spark Asset Group, and serves as CFO/VP-Member for Elledge, Bain, Sides, LLC, where he oversees financials and sells fixed insurance products.