Albert Otto is a registered investment advisor at Verity Asset Management, based in Durham, NC, with 22 years of industry experience. Albert operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Investment Management, Retirement Planning. Their firm serves 5,730 clients with $1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 1.50% |
| $100K - $150K | 1.20% |
| $150K - $250K | 1.15% |
| $250K - $500K | 0.95% |
| $500K - $750K | 0.75% |
| $750K - $1.0M | 0.60% |
| $1.0M - $2.5M | 0.50% |
| $2.5M+ | 0.45% |
These fees apply to accounts at AXOS Advisor Services, Charles Schwab Institutional, Fidelity IWS, and PCS. Alternate fee arrangements are available and may be agreed upon based on individual circumstances. The Enhanced Income Model has a flat 0.60% annual advisory fee, and the Tax-Exempt Income Model has a flat 0.90% annual advisory fee. Model-specific and strategy-specific investment management fees may also apply.
Fee Estimator
Location
280 S Mangum St, Ste 550, Durham, NC, 27701-3676
Get directionsHistory
Regulatory History
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.
Learn about disclosures →Other Business ActivitiesSells Insurance
Albert is a sales solicitor for Access Retirement Solutions and sells a book, dedicating minimal time. He is also a director for the Center for Board Certified Fiduciaries, spending about 10-20% of his time. Finally, Albert is an independent contractor for Verity Financial Group, Inc., selling insurance and annuity products, though he currently dedicates no time to this.
Employment History
Current Registrations
Verity Asset Management
Previous Registrations
Shepherd Kaplan LLC
Onefiduciary Group, LLC
Securian Financial Services, INC.
Metlife Securities INC.
Wachovia Securities Financial Network, INC.
State Registrations2 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.