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Thomas Taormina
43 Years of Experience
Port Jefferson, NY
1 DisclosureBroker
Thomas Taormina is a registered investment advisor at Wells Fargo Advisors, based in Port Jefferson, NY, with 43 years of industry experience. Their practice areas include Business Owners, Divorce Planning, Education Planning, Financial Planning & Coaching, and 2 more. Their firm serves 1,327,695 clients with $610B in assets under management.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
14703 advisors
IM Fee
Planning only
Assets Under Management
$606.0B
Fee Structure
Minimum Investment:$250K
- Cash Flow Analysis — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Education Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Retirement Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Risk Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Wealth Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Divorce Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Special Needs Analysis — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Sports & Entertainment — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Business Owner Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
The total fee per engagement can range up to $5,000 for clients with a net worth of $250,000 to $500,000, up to $12,500 for clients with a net worth over $500,000 to $1,000,000, and up to $25,000 for clients with a net worth over $1,000,000. Fees are subject to negotiation and may vary.
One-Time Plan:Up to $25,000
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Location
70 N Country Rd Ste 301, Port Jefferson, NY, 11777
Get directionsHistory
Regulatory History (1)
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Customer Dispute
October 1992Settled
Employment History
Current Registrations
Wells Fargo Advisors
November 2021 - Present · 4 yrs 6 mos
Wells Fargo Clearing Services, LLCBroker
November 2021 - Present · 4 yrs 6 mos
Previous Registrations
UBS Financial Services INC.
November 2021 - December 2021 · 1 mo
UBS Financial Services INC.Broker
June 2012 - December 2021 · 9 yrs 6 mos
Morgan Stanley Smith BarneyBroker
June 2009 - July 2012 · 3 yrs 1 mo
Morgan Stanley & CO. IncorporatedBroker
June 2007 - June 2009 · 2 yrs
Citigroup Global Markets INC.Broker
October 1999 - June 2007 · 7 yrs 8 mos
Prudential Securities IncorporatedBroker
August 1984 - September 1999 · 15 yrs 1 mo
First Investors CorporationBroker
January 1983 - March 1985 · 2 yrs 2 mos
Blinder, Robinson & Co.,inc.Broker
January 1983 - July 1984 · 1 yr 6 mos
State Registrations5 states
FLMANJNYVA
AdvisorBrokerBoth
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Exams
No exam information available for this advisor.