Steven Balaban
Steven Balaban is a CFP-designated registered investment advisor at Concorde Asset Management, LLC, based in Elk Grove, CA, with 36 years of industry experience. Steven operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Insurance Planning, Investment Management, Retirement Planning. Their firm serves 3,253 clients with $490M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Concorde Asset Management offers investment management services with fees that are negotiable. The fees do not include platform fees and custodial expenses. Total fees to your representative typically range from 1% to 2% and can only be changed with your approval in advance.
Fees for Discretionary Investment Management accounts can reach a maximum of 2.25% annually, including platform fees. This fee covers the representative's fee, the subadvisor or model manager's fee, and the overlay platform fee. Custodian fees are separate.
Location
Elk Grove, CA
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Regulatory History (1)
Customer Dispute
August 2001Other Business ActivitiesSells Insurance
Steven is a CA insurance agent selling life insurance and long-term care insurance since 2014, and operates under the DBA "Financial Designs" for securities and advisory services, dedicating nearly all of his time to this. He is also an investment advisor representative with Concorde Asset Management, LLC and provides insurance services through Concorde Insurance Agency and Westland Insurance, spending minimal time on these insurance-related activities.
Employment History
Current Registrations
Concorde Asset Management, LLC
Concorde Investment Services, LLC
Concorde Investment Services, LLCBroker
Previous Registrations
Independent Financial Group, LLC
Independent Financial Group, LLCBroker
UBS Financial Services INC.
UBS Financial Services INC.Broker
Citigroup Global Markets INC.
Citigroup Global Markets INC.Broker
Lehman Brothers INC.Broker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Buchanan & CO., INC.Broker
State Registrations8 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.