William Frankenstein
William Frankenstein is a CFP-designated registered investment advisor at Sovran Advisors, LLC, based in San Diego, CA, with 43 years of industry experience. William operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 3,471 clients with $1.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Sovran Advisors offers investment management services where fees are calculated as a percentage of your portfolio, billed monthly in arrears. The total fee will not exceed 2% annually and is comprised of several components:
- Advisor Fee: This is the fee charged by your advisor, and can be tiered, flat, or linear.
- Technology Fee: An annual fee of 0.06% of your portfolio applies to accounts on the APM or UMA platforms.
- Sovran Managed Portfolio Model Fee: (APM Accounts only) If your advisor uses Sovran's portfolio models, you'll incur an additional fee ranging from 0.01% to 0.13% of your portfolio.
- Administration Fee: (UMA Accounts only) Cetera Investment Services LLC charges an administration fee of 0.02% or 0.05% of your portfolio for administrative services.
- Strategist Fee: (UMA Accounts only) If your advisor uses third-party strategist models, you'll incur a fee that varies by strategist.
Fees are negotiable under certain circumstances. Minimum account size is $25,000, but this may be waived.
Location
3131 Camino Del Rio N., Suite 800, San Diego, CA, 92108
Get directionsHistory
Regulatory History (5)
Customer Dispute
November 2011Customer Dispute
November 2002Employment Separation After Allegations
March 1999Customer Dispute
October 1997Customer Dispute
December 1990Other Business Activities
William works as an investment advisor representative at Sovran Advisors LLC, an SEC registered investment advisory firm, since February 2024. This activity takes up William's full-time work hours, including during trading hours.
Employment History
Current Registrations
Sovran Advisors, LLC
Cetera Wealth Services, LLCBroker
Cetera Wealth Services, LLC
Previous Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Msi Financial Services, INC.
Msi Financial Services, INC.Broker
New England Securities Corporation
New England SecuritiesBroker
Financial West Investment Group, INC.
Financial West GroupBroker
1717 Capital Management CompanyBroker
Sun Investment Services CompanyBroker
Associated Planners Securities CorporationBroker
Private Ledger Financial Services, IncorporatedBroker
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.