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Herbert Nealy

Rmr Wealth Builders, INC.
37 Years of Experience
Bakersfield, CA
4 DisclosuresSells Insurance
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Herbert Nealy is a registered investment advisor at Rmr Wealth Builders, INC., based in Bakersfield, CA, with 37 years of industry experience. Herbert operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning, and 1 more. Their firm serves 2,099 clients with $2.9B in assets under management.

Rmr Wealth Builders, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
52 advisors
Number of Clients
2,099 clients
Average Client Portfolio
$1.4M average
Assets Under Management
$2.9B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)

RMR Wealth Builders manages investment portfolios for clients, charging a percentage of the assets managed. The annual fee is a flat percentage of the total account value. The exact percentage is negotiable, but will not exceed 2.65%. Clients also pay an annual administrative fee of $80, charged quarterly. Clients can choose to have fees directly debited from their account or be billed directly.

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Location

Bakersfield, CA

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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 2016
Judgment / Lien
November 2014
Judgment / Lien
May 2014
Customer Dispute
February 1999
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Herbert is a financial advisor for RMR Wealth Builders Inc., which acts as an RIA and DBA for securities business, and also provides insurance, payroll, HR, consulting, and benefits administration services. He dedicates about 10-20% of his time to this, with a few hours per week during securities trading hours.

Employment History
Current Registrations
Rmr Wealth Builders, INC.
November 2018 - Present · 7 yrs 5 mos
Previous Registrations
Calton & Associates, INC.Broker
February 2014 - February 2022 · 8 yrs
Calton & Associates, INC.
February 2014 - February 2022 · 8 yrs
Securities America, INC.Broker
May 2013 - December 2013 · 7 mos
Securities America Advisors, INC.
May 2013 - December 2013 · 7 mos
Wells Fargo Advisors, LLC
January 2011 - April 2013 · 2 yrs 3 mos
Wells Fargo Advisors, LLCBroker
January 2011 - April 2013 · 2 yrs 3 mos
Wells Fargo Investments, LLC
September 2006 - January 2011 · 4 yrs 4 mos
Wells Fargo Investments, LLCBroker
September 2006 - January 2011 · 4 yrs 4 mos
Bancwest Investment Services, INC.Broker
May 2004 - September 2006 · 2 yrs 4 mos
Citicorp Investment ServicesBroker
May 2003 - April 2004 · 11 mos
Morgan Stanley
July 1997 - November 2002 · 5 yrs 4 mos
Morgan Stanley Dw INC.Broker
June 1988 - November 2002 · 14 yrs 5 mos
Painewebber IncorporatedBroker
October 1987 - May 1988 · 7 mos
Walnut Street Securities, INC.Broker
July 1987 - October 1987 · 3 mos
State Registrations1 state
CA
Advisor

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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