Bruce Berman
Bruce Berman is a registered investment advisor at Silver Oak Securities, INC., based in Wilmette, IL, with 43 years of industry experience. Bruce operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Investment Management, and 2 more. Their firm serves 8,671 clients with $2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Silver Oak Securities offers investment management through its Compass and AdvisorFX programs. The advisor fee is negotiable, with a maximum of 2% of assets. In addition to the advisor fee, there is a platform fee that includes a flat $45 per year and an asset-based fee between 0.08% and 0.15% for Compass accounts, and 0.20% for AdvisorFX accounts. Fees are billed quarterly or monthly, either in arrears or in advance. The platform fee covers access to account data, performance reporting, and other services.
Location
1000 Skokie Blvd, Ste 450, Wilmette, IL, 60091
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Regulatory History (1)
Criminal
May 1976Other Business ActivitiesSells Insurance
Bruce is the owner of Lifetime Financial Group, LLC, where he works as an independent financial professional and sells fixed insurance. He also has a private real estate investment with Crowne Partners.
Employment History
Current Registrations
Silver Oak Securities, IncorporatedBroker
Silver Oak Securities, INC.
Previous Registrations
Cetera Investment Advisers LLC
Bright Futures Wealth Management, LLC
Cetera Advisors LLCBroker
Cetera Advisors LLC
Ifg Advisory Services INC
Ifg Network Securities, INC.Broker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
Ids Financial Services INC.Broker
State Registrations21 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.