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Jack Somer

Esi Financial Advisors
34 Years of Experience
New York, NY
4 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Jack Somer is a registered investment advisor at Esi Financial Advisors, based in New York, NY, with 34 years of industry experience. Jack is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Annuities, Charitable Giving, Education Planning, Estate Planning, and 6 more. Their firm serves 12,379 clients with $2.8B in assets under management.

Esi Financial Advisors
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
536 advisors
Number of Clients
12,379 clients
Average Client Portfolio
$224K average
Assets Under Management
$2.8B

Fee Structure

Minimum Investment:$10K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $1.0M1.00%
$1.0M - $2.5M0.75%
$2.5M - $5.0M0.60%
$5.0M - $10.0M0.50%
$10M+0.35%

Rates reflect the primary schedule used in programs like American Funds and Schwab Retirement Advisor Services. Other programs have different maximum fees (AssetMark up to 1.50%, Saratoga up to 2.00%, SEI up to 1.75% plus 0.05% administrative fee). Actual fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

675 Third Avenue, Suite 900, New York, NY, 10017

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History

Regulatory History (4)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Judgment / Lien
April 2021
Financial
November 2016
Final
Financial
November 2016
Final
Customer Dispute
August 2011
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Jack is involved in outside insurance sales, including LTC, group and individual health benefits, fixed annuities, and fixed life and term products since 1999. He is also a sales agent for Wealthbridge Financial Group and National Life Ins Co since 2019, spending full-time hours on these activities.

Employment History
Current Registrations
Esi Financial Advisors
June 2021 - Present · 5 yrs 4 mos
Equity Services, INC.Broker
September 2019 - Present · 7 yrs 1 mo
Previous Registrations
Park Avenue Securities LLCBroker
November 1999 - September 2019 · 19 yrs 10 mos
New England SecuritiesBroker
September 1992 - October 1999 · 7 yrs 1 mo
State Registrations6 states
FLNENJNYSCVA
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.
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