TrueAdvisor
TrueAdvisor
DB
DB

Douglas Bermudez

Wellth Advisory Services, LLC
27 Years of Experience
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Douglas Bermudez is a registered investment advisor at Wellth Advisory Services, LLC, based in Palos Verdes, CA, with 27 years of industry experience. Douglas 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 2,383 clients with $24B in assets under management.

Wellth Advisory Services, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
74 advisors
Number of Clients
2,383 clients
Average Client Portfolio
$9.9M average
Assets Under Management
$23.6B

Fee Structure

Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $1.0M2.00%
$1.0M - $2.0M1.50%
$2M+1.00%

Fees are negotiable. WELLth Advisory Services also uses LPL Financial's advisory programs, which have maximum fees ranging from 1.35% to 2.95%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

500 Silver Spur Road Suite 121, Palos Verdes, CA, 90275

Get directions

History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
April 2009
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Douglas is involved in several business activities, including serving as a DBA for LPL business, tax/investment entities, student loan repayment program sales, healthcare consulting, and providing investment advisory services through WELLth Advisory Services, LLC, which takes nearly full-time. Douglas is also an independent insurance agent.

Employment History
Current Registrations
Wellth Advisory Services, LLC
June 2024 - Present · 1 yr 10 mos
LPL Financial LLCBroker
June 2019 - Present · 6 yrs 10 mos
Previous Registrations
Global Retirement Partners LLC
June 2019 - July 2024 · 5 yrs 1 mo
Wells Fargo Clearing Services, LLCBroker
November 2012 - June 2019 · 6 yrs 7 mos
Wells Fargo Clearing Services, LLC
October 2012 - June 2019 · 6 yrs 8 mos
Wells Fargo Insurance Services Investment Advisors, INC.
January 2010 - October 2012 · 2 yrs 9 mos
Wells Fargo Insurance Services Investment Advisors, INC.Broker
January 2010 - October 2012 · 2 yrs 9 mos
Wells Fargo Insurance Services Investment Advisors, INC.Broker
July 2007 - December 2009 · 2 yrs 5 mos
MML Investors Services, INC.Broker
April 2002 - July 2007 · 5 yrs 3 mos
New England SecuritiesBroker
October 1999 - September 2001 · 1 yr 11 mos
Aetna Investment Services, INC.Broker
October 1998 - June 1999 · 8 mos
One Orchard Equities, INC.Broker
November 1997 - October 1998 · 11 mos
State Registrations6 states
CANYSCTXUTWI
AdvisorBrokerBoth

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.