Douglas Heske is a registered investment advisor at Newday, based in Southbury, CT, with 39 years of industry experience. Douglas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Socially Responsible Investing. Their firm serves 10 clients with $170M in assets under management.
Compensation
Fee-Only (% of Portfolio)
Firm Size
3 advisors
Number of Clients
10 clients
Average Client Portfolio
$17.2M average
Assets Under Management
$172.4M
Fee Structure
Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 0.85% |
| $500K - $1.0M | 0.75% |
| $1.0M - $10.0M | 0.65% |
| $10.0M - $20.0M | 0.50% |
| $20M+ | 0.50% |
Fees are negotiated on a client-by-client basis. Accounts opened through the Newday Invest App are charged 1.00%.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location
9 Union Square, Unit #1123, Southbury, CT, 06488
Get directionsHistory
Regulatory History (2)
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Customer Dispute
April 2001Denied
Customer Dispute
February 1993Settled
Employment History
Current Registrations
Newday
June 2016 - Present · 9 yrs 10 mos
Previous Registrations
Stone & Youngberg LLC
January 2012 - June 2012 · 5 mos
Stifel, Nicolaus & Company, Incorporated
November 2011 - February 2016 · 4 yrs 3 mos
Stone & Youngberg LLC
April 2011 - November 2011 · 7 mos
Sterne Agee Investment Advisors, INC.
February 2011 - April 2011 · 2 mos
Nollenberger Capital Partners, INC.
April 2004 - March 2011 · 6 yrs 11 mos
Piper Jaffray & CO.
August 2000 - April 2004 · 3 yrs 8 mos
State Registrations1 state
CA
Advisor
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.
Exams
No exam information available for this advisor.