DS

Douglas Michael Schultz

29 Years of Experience

Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
46 advisors
Number of Clients
3,901 clients
Average Client Portfolio
$515K average
Assets Under Management
$2.0B

Fee Structure

Minimum Annual Fee:$400
Hourly Rate:$125 - $600/hr

The annual fee for direct asset management typically ranges from 0.5% to 3% of the managed assets' value, billed quarterly. Fees are negotiable based on factors like asset size and portfolio complexity. Clients also pay a $5.50 administrative service charge per trade (with some exceptions), custodial fees, and internal fees from investments like mutual funds and ETFs. Investment consulting fees range from $125 to $600 per hour, depending on the complexity of the services.

Areas of Practice
Retirement PlanningTax PlanningEstate PlanningEducation PlanningFinancial Planning & CoachingInsurance Planning
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Advisor Information

Office location

401 S Banker St, Suite E, Effingham, IL, 62401

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Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Douglas works as an insurance agent, providing insurance services and sales since 2009. This activity requires minimal time.

Employment History
Current Registrations
Smith, Moore & CO. Broker
July 2009 - Present · 16 yrs 6 mos
Smith Moore & CO.
July 2009 - Present · 16 yrs 6 mos
Previous Registrations
Wells Fargo Advisors, LLC Broker
January 2008 - August 2009 · 1 yr 7 mos
Wells Fargo Advisors, LLC
January 2008 - August 2009 · 1 yr 7 mos
A. G. Edwards & Sons, INC.
June 2002 - January 2008 · 5 yrs 7 mos
A. G. Edwards & Sons, INC.Broker
January 1999 - January 2008 · 9 yrs
Fiserv Investor Services, INC.Broker
September 1997 - January 1999 · 1 yr 4 mos
Link Investment Services, INC.Broker
February 1996 - September 1997 · 1 yr 7 mos
State Registrations21 states
ALAZCODEFLGAIAILINKYMOMSNCNMNVOHPATNTXWIWY
AdvisorBrokerBoth
Exams
No exam information available for this advisor.
Douglas Michael Schultz - Financial Advisor | AdvisorDiscover