Jack Somer
Jack Somer is a registered investment advisor at Esi Financial Advisors, based in New York, NY, with 33 years of industry experience. Their practice areas include Investment Management, Retirement Planning. Their firm serves 12,116 clients with $2.5B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
ESI Financial Advisors offers investment management through various programs. Fees vary depending on the program chosen and can include platform fees, strategist fees, and service fees.
ESI Illuminations programs charge a platform fee between 0.26% and 0.45% annually, plus strategist fees (0.02%-1.00%) and EFA's service fee (0-2.00%).
American Funds and Schwab Retirement Advisor Services have tiered fees, up to 1.00% annually on the first $1M, decreasing to 0.35% on amounts over $10M.
AssetMark fees are negotiated with the advisor, not to exceed 1.5% annually.
SEI fees are also negotiated, not to exceed 1.75% annually, plus a 0.05% administrative fee.
Location
675 Third Avenue, Suite 900, New York, NY, 10017
Get directionsHistory
Regulatory History (5)
Judgment / Lien
April 2021Financial
November 2016Financial
November 2016Financial
July 2016Customer Dispute
August 2011Other 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
Equity Services, INC.Broker
Previous Registrations
Park Avenue Securities LLCBroker
New England SecuritiesBroker
State Registrations6 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.