JM
Firm Information
Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
45 advisors
Number of Clients
3,617 clients
Average Client Portfolio
$857K average
Assets Under Management
$3.1B
Fee Structure
Minimum Investment:None
Financial Planning:Included in AUM fee
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $50K | 1.75% |
| $50K - $200K | 1.50% |
| $200K - $500K | 1.25% |
| $500K - $1000K | 1.00% |
| $1.0M - $2.0M | 0.90% |
| $2.0M - $3.0M | 0.80% |
| $3.0M - $4.0M | 0.70% |
| $4.0M - $5.0M | 0.60% |
| $5M+ | 0.50% |
This schedule may be modified and fees may be negotiated with each client.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
Hourly Rate:Up to $250/hr
You'll pay an annual fee based on your portfolio size (see rates in table). This fee is calculated and billed quarterly in advance. Financial planning is normally included for existing clients without additional fees. For standalone financial planning, hourly fees of up to $250 per hour may apply.
Areas of Practice
Investment ManagementRetirement PlanningTax PlanningEstate PlanningHigh Net Worth
Loading...
Advisor Information
Office location
125 South 4th Street, Norfolk, NE, 68701
Get directionsRegulatory 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.
Regulatory
March 2019Final
Other Business ActivitiesSells Insurance
Jay owns Doctors Finance LLC, an accounting and consulting firm, dedicating about a quarter of his time. He also works as an independent insurance agent selling fixed insurance (minimal time), is president of Jay Malik Tax Corp (minimal time), and is a member of Grace Aspel LLC for real estate investments (minimal time).
Employment History
Current Registrations
Wealth Management
November 2011 - Present · 14 yrs 2 mos
Previous Registrations
Dljdirect INC.Broker
May 1997 - March 1998 · 10 mos
American Express Financial Advisors INC. Broker
October 1996 - February 1997 · 4 mos
Ids Life Insurance CompanyBroker
October 1996 - February 1997 · 4 mos
State Registrations2 states
FLPA
Advisor
Exams
No exam information available for this advisor.