Michael Nixon
Michael Nixon is a registered investment advisor at Drs Wealth Management, based in Easton, MD, with 33 years of industry experience. Michael 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, Investment Management, and 1 more. Their firm serves 182 clients with $88M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
DRS Wealth Management's fee for investment advisory services ranges from 0.75% to 1.75% of the value of your portfolio annually. The specific fee is negotiated based on factors like portfolio size and complexity. Fees are paid monthly, based on the account value at the end of the previous month. DRS may use third-party asset managers, and their fees are in addition to DRS's fee. DRS will lower its fee to keep overall client fees as stipulated by contract.
Location
133 West Street, Suite I, Easton, MD, 21601
Get directionsHistory
Regulatory History (7)
Regulatory
January 2022Regulatory
December 2021Regulatory
August 2019Customer Dispute
July 2018Customer Dispute
October 1998Employment Separation After Allegations
November 1992Criminal
November 1992Other Business ActivitiesSells Insurance
Michael holds a North Carolina resident health and life insurance license, dedicating minimal time to it. He is also the President of Legacy Capital Management, Inc., an S-Corp formed for tax planning purposes, which requires minimal time and is non-investment related.
Employment History
Current Registrations
Drs Wealth Management
Previous Registrations
Drs Wealth Management
Paulson Investment Company, LLC
Paulson Investment Company LLCBroker
Newport Coast Asset Management
Newport Coast Securities, INC.Broker
Ariston Wealth Management, LP
Meyers Associates, L.P.Broker
Ariston Wealth Management, LP
Anderson & Strudwick, Incorporated
Anderson & Strudwick, IncorporatedBroker
Jesup & Lamont Advisors
Jesup & Lamont Securities CORP.
Jesup & Lamont Securities CORPBroker
Jesup & Lamont Securities CORPBroker
Loudoun Capital Management
Empire Financial Group, INC.Broker
Centennial Capital Management, INC.Broker
American Fronteer Financial CorporationBroker
Dickinson & CO.Broker
Montano Securities CorporationBroker
F.N. Wolf & CO., INC.Broker
State Registrations3 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.