Nicholas Somers is a ChFC-designated registered investment advisor at Financial Advisory Corporation, based in Grand Rapids, MI, with 2 years of industry experience. Nicholas 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 293 clients with $1.1B 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 $2.0M | 0.95% |
| $2.0M - $5.0M | 0.85% |
| $5.0M - $10.0M | 0.75% |
| $10.0M - $15.0M | 0.55% |
| $15.0M - $25.0M | 0.40% |
| $25.0M - $50.0M | 0.30% |
| $50.0M - $100.0M | 0.25% |
| $100M+ | Included |
Assets over $100 million have custom fee schedules. Some clients have been subject to a previous annual minimum fee which was in effect at the time they entered into an advisory relationship with us. Discounts are normally provided for charities and non-profit organizations.
Fee Estimator
Location
4251 Cascade Road S.E., Grand Rapids, MI, 49546
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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 →Employment History
Current Registrations
Financial Advisory Corporation
Previous Registrations
LPL Financial LLC
LPL Financial LLCBroker
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
State Registrations1 state
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