Phillip Lloyd Clark

Omnistar Financial Group, INC.

27 Years of Experience

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Firm Information

Omnistar Financial Group, INC.

Compensation

Fee-Only (AUM)Fixed/Hourly

Number of Advisors

5 advisors

Number of Clients

306 clients

Average Client Portfolio

$748K average

Assets Under Management

$228.8M

Fee Structure

Minimum Investment:$250K

Financial Plan Fee:$500 - $4,000

Hourly Rate:Up to $250/hr

Wealth management fees are based on a percentage of assets managed (see table). Financial planning services are offered for a flat fee, ranging from $500 for individual planning elements to $4,000 for a comprehensive plan. Pension consulting is billed hourly at $250/hour, negotiable on a case-by-case basis. A minimum of $250,000 is generally required to become a wealth management client, but this may be lowered at the firm's discretion.

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Areas of Practice

Investment ManagementRetirement PlanningEstate PlanningTax PlanningBusiness Owners

Advisor Information

Office location

1236 19th St. Lane, NW, Hickory, NC, 28601

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Regulatory History (3)

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

June 2010

Settled

Customer Dispute

November 2008

Denied

Customer Dispute

July 2006

Closed-No Action

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Other Business ActivitiesSells Insurance

Phillip is involved with Omnistar Financial Group Inc. as an RIA and in insurance sales, dedicating nearly full-time hours to overseeing operations, investment advice, client reviews, and case design. He is also an investor in Sunny Day Food LLC and real estate for beach rental property, both of which are passive investments, and a licensed insurance agent.