Philip Beviano is a registered investment advisor at Flagstar Advisors, INC., based in Boca Raton, FL, with 31 years of industry experience. Philip operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,571 clients with $1.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Flagstar Advisors' Managed Account Program charges an advisory fee, a sponsor fee, and potentially a third-party advisor (TPA) fee if a TPA manages your account.
The advisory fee is a percentage of your portfolio's value and is negotiable:
- Up to $999,999: 1.50% per year
- $1,000,000 - $4,999,999: 1.00% per year
- $5,000,000 - $9,999,999: 0.75% per year
- $10,000,000 - $19,999,999: 0.50% per year
- Above $20,000,000: 0.40% per year
The sponsor fee covers implementation, platform, and administrative costs:
- Up to $499,999: 0.12% per year
- $500,000 - $1,999,999: 0.10% per year
- $2,000,000 - $4,999,999: 0.09% per year
- $5,000,000 - $9,999,999: 0.08% per year
- $10,000,000 - $19,000,000: 0.05% per year
- Above $20,000,000: 0.03% per year
TPA fees range from 0.25% to 1.25% and may or may not be negotiable.
Location
Boca Raton, FL
Get directionsHistory
Regulatory History (11)
Customer Dispute
February 2021Customer Dispute
January 2021Customer Dispute
November 2020Customer Dispute
November 2012Customer Dispute
October 2011Customer Dispute
July 2010Customer Dispute
December 2009Customer Dispute
November 2009Customer Dispute
March 2009Customer Dispute
May 2008Customer Dispute
March 2005Other Business Activities
Philip owns B2B Rentals LLC, a real estate holding company, since 2012, dedicating minimal time. He is also a Group Director Investments - Senior Vice President at New York Community Bancorp (NYCB), an investment-related activity that requires weekly time, including during trading hours.
Employment History
Current Registrations
Flagstar Advisors, INC.
Flagstar AdvisorsBroker
Previous Registrations
Citigroup Global Markets INC.Broker
Citigroup Global Markets INC.
Citicorp Investment Services
Citicorp Investment ServicesBroker
Dreyfus Service CorporationBroker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Dean Witter Reynolds INC.Broker
E. C. Capital, LTD.Broker
Ash & CO. IncorporatedBroker
Josephthal Lyon & Ross IncorporatedBroker
Royce Investment Group, INC.Broker
Gkn Securities CORP.Broker
State Registrations14 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.