Damon Wykrent is a CFP-designated registered investment advisor at Wykrent, Damon, based in Flower Mound, TX, with 20 years of industry experience. Damon operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning, and 1 more. Their firm serves 21 clients with $21M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Damon Wykrent offers investment management services where fees are based on a percentage of the value of your portfolio. The percentage charged decreases as the value of your portfolio increases. The specific fee is negotiable based on the size and complexity of your account.
Here's a general breakdown:
- Up to $500,000: 0.50% - 1.25% per year
- $500,001 - $1,000,000: 0.40% - 1.00% per year
- $1,000,001 - $3,000,000: 0.30% - 0.80% per year
- Over $3,000,001: 0.25% - 0.50% per year
There is a $2,000 minimum annual fee for investment management services, but this may be waived.
Location
700 Parker Square, Suite 250, Flower Mound, TX, 75028
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 Activities
Since 2009, Damon has been a sole proprietor, engaged in consulting and expert witness activities. This takes nearly all of his time.
Employment History
Current Registrations
Wykrent, Damon
Previous Registrations
Linsco/private Ledger CORP.
Saunders and Associates
Carter Advisory Services, INC
State Registrations1 state
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.