Firm Information
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $100K | 2.25% |
| $100K - $250K | 2.00% |
| $250K - $500K | 1.75% |
| $500K - $1.0M | 1.50% |
| $1.0M - $2.0M | 1.25% |
| $2M+ | 1.25% |
Fees negotiable for accounts over $2,000,000.
Fee Estimator
CL Wealth Management's fee for portfolio advisory services is based on a percentage of assets under management, and all fees are negotiated between the advisor and the client. The following rates are a guide: 2.25% for $25,000 - $100,000, 2.00% for $100,000 - $250,000, 1.75% for $250,000 - $500,000, 1.50% for $500,000 - $1,000,000, and 1.25% for $1,000,000 - $2,000,000. Fees for assets over $2,000,000 are negotiable. The firm generally requires a minimum of $25,000 to open and maintain an advisory account, but this may be waived. Financial planning and consulting fees are $350 per hour, with flat fees up to $5,000 in some cases.
Areas of Practice
Advisor Information
Office location
9631 Knollwood Lane, Fort Pierce, FL, 34951
Get directionsRegulatory History (1)
Employment Separation After Allegations
September 2017Other Business ActivitiesSells Insurance
David is the owner of Lakis Investments Inc. and an independent insurance agent selling various insurance products, including annuities, life/health insurance, and long-term care insurance. He also sells medicare supplement insurance, life insurance, long term insurance, variable annuities, EIAs and fixed annuities through Cygniak Planning Inc., spending a few hours per week on each activity.