Charles Ray is a registered investment advisor at Summit Financial Wealth Advisors, based in Monroe, LA, with 23 years of industry experience. Charles operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,115 clients with $1.4B 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 $250K | 1.25% |
| $250K - $1.0M | 1.00% |
| $1M+ | 0.95% |
Certain existing or legacy clients may be charged under a different fee schedule and/or different billing cycles. Fixed income investments have a different fee schedule: First $250,000: 0.65%, Over $250,000: 0.50%
Fee Estimator
Location
1890 Hudson Circle, Suite 1, Monroe, LA, 71201
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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.
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Charles owns CLR Inc., which has a 12% ownership stake in Southern Asset Management, the management company for Summit Financial Wealth Advisors. He also has personal investments in two family partnerships, Chacalouca LLC and Lorana LLC, with revenue from dividends, interest, and timber sales.
Employment History
Current Registrations
Summit Financial Wealth Advisors
Previous Registrations
Fiduciary Investment Consultants, LLC
Fpl Asset Management, LLC
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.