Charles Simmons
Charles Simmons is a CFP, ChFC-designated registered investment advisor at Truwealth Advisors, LLC, based in Metairie, LA, with 34 years of industry experience. Charles operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 2 more. Their firm serves 4,700 clients with $3.1B 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 $1.0M | 1.00% |
| $1.0M - $2.0M | 0.90% |
| $2.0M - $3.0M | 0.80% |
| $3.0M - $3.5M | 0.70% |
| $3.5M - $4.5M | 0.60% |
| $4.5M+ | 0.55% |
Fees are 'up to' the stated percentage. The firm also charges different fees for assets held with an outside custodian. This includes advice about variable annuities which is generally 0.50% per annum, billed quarterly. Also, the Firm advises on self-directed brokerage accounts for a fixed fee, typically be $500 to $1,000 per client, per year, charged in advance.
Fee Estimator
Location
2700 Lake Villa Drive, Suite 200, Metairie, LA, 70002-6785
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
Charles sells fixed insurance products, dedicating minimal time to this activity. He also owns several commercial rental property LLCs and is involved in various community organizations.
Employment History
Current Registrations
Truwealth Advisors, LLC
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
Ameriprise Financial Services, LLC.
Ameriprise Financial Services, LLCBroker
Ids Life Insurance CompanyBroker
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.