Donna Payne
Donna Payne is a registered investment advisor at Centaurus Financial, INC., based in Summerland, CA, with 44 years of industry experience. Donna 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, High Net Worth, and 2 more. Their firm serves 38,049 clients with $7.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Centaurus Financial's advisors manage client accounts through various programs, charging an annual fee based on the amount invested. Fees are negotiable and can be a flat percentage or tiered, where the rate decreases as the portfolio value increases. Additional charges may include transaction fees, custodial fees, and internal fund fees.
Maximum advisory fees:
- Alpha, Beta, ABJ, Omega, Delta: 2.25%
- AA & VL: 1.50%
- Adviser-Directed: 1.35%
- FlexUMA: 2.25%
Third-Party Money Managers (TPMMs) charge fees ranging from 1.00% to 3.00%.
Location
Summerland, CA
Get directionsHistory
Regulatory History (4)
Customer Dispute
December 2023Customer Dispute
July 2023Employment Separation After Allegations
June 2001Customer Dispute
December 2000Other Business Activities
Donna creates and sells jams, preserves, and jellies through Summerland Preserves, spending minimal time on this activity. She is also a real estate broker, serving the real estate needs of acquaintances and clients, dedicating a few hours per week to this.
Employment History
Current Registrations
Centaurus Financial, INC.
Centaurus Financial, INC.Broker
Previous Registrations
Vsr Advisory Services
Vsr Financial Services, INC.Broker
Sorrento Pacific Financial, LLCBroker
Partnervest Securities, INC.Broker
Partnervest Advisory Services LLC
A. G. Edwards & Sons, INC.
A. G. Edwards & Sons, INC.Broker
UBS Painewebber INC.Broker
Lehman Brothers INC.Broker
E. F. Hutton & Company INCBroker
State Registrations9 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.