Ted Berman
Ted Berman is a registered investment advisor at Ausdal Financial Partners, INC., based in Joliet, IL, with 41 years of industry experience. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 10,402 clients with $2.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Ausdal Financial Partners offers several investment management programs. Fees vary depending on the program and custodian.
Advisor Managed Account (AMP): Fees are negotiated with your advisor, with a maximum annual fee of 3%. Wrap accounts include all transaction costs, while non-wrap accounts charge separately for advisory services and transactions.
Third Party Managed Accounts (SMA/UMA): Fees consist of an Investment Advisor Representative Fee, a Platform Fee (0.11% to 0.28%), and a Manager Fee (0% to 0.80%).
Retirement Plan Advisory Program: Maximum annual fee of 3%. Fees can be a fixed percentage or tiered based on account assets.
Held Away Accounts (Pontera): Maximum advisory fee of 1.5% of account assets. Fees must be deducted from an alternate advisory account or billed directly to the client.
Location
3077 West Jefferson Street, Suite 200, Joliet, IL, 60435
Get directionsHistory
Regulatory History (1)
Criminal
February 1980Other Business ActivitiesSells Insurance
Ted sells various insurance products, including life, annuities, long-term care, health, and disability insurance, dedicating minimal time to this. He is also forming an LLC to provide advanced tax planning services and business consulting, which will take about 10-20% of his time, with half of that during trading hours.
Employment History
Current Registrations
Ausdal Financial Partners, INC.
Ausdal Financial Partners, INC.Broker
Previous Registrations
Waterstone Financial Group, INC.
Sterling Portfolio Allocation Service INC
Waterstone Financial Group, INC.Broker
Mutual Service CorporationBroker
State Registrations18 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.