Theodore Franse
Theodore Franse is a registered investment advisor at Ni Advisors, based in Milpitas, CA, with 40 years of industry experience. Theodore operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Retirement Planning. Their firm serves 6 clients with $3.6M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Ni Advisors offers investment management services where fees are calculated as a percentage of your investments. The annual fee is based on the type of investment (equity, mutual fund/variable annuity, or fixed income) and the amount you invest. The fee is at least $1,000 per year. Fees are negotiable and billed quarterly.
For equity investments, the fee schedule is:
- First $100,000: 1.00% (with a $1,000 minimum fee)
- Next $150,000: 1.00%
- Next $250,000: 0.90%
- Next $250,000: 0.80%
- Next $250,000: 0.75%
- Next $1,000,000: 0.70%
- Next $1,000,000: 0.65%
- Next $2,000,000: 0.60%
- Next $5,000,000: 0.50%
- Over $10,000,000: 0.30%
For mutual fund/variable annuity investments, the fee schedule is:
- First $100,000: 1.00% (with a $1,000 minimum fee)
- Next $150,000: 1.00%
- Next $250,000: 1.00%
- Next $250,000: 1.00%
- Next $250,000: 0.75%
- Next $1,000,000: 0.75%
- Next $1,000,000: 0.50%
- Next $2,000,000: 0.50%
- Next $5,000,000: 0.50%
- Over $10,000,000: 0.50%
For fixed income investments, the fee schedule is:
- First $100,000: 1.00% (with a $1,000 minimum fee)
- Next $150,000: 0.30%
- Next $250,000: 0.30%
- Next $250,000: 0.30%
- Next $250,000: 0.30%
- Next $1,000,000: 0.25%
- Next $1,000,000: 0.25%
- Next $2,000,000: 0.25%
- Next $5,000,000: 0.20%
- Over $10,000,000: 0.20%
There is no fee on cash or money market funds.
Location
1138 Cadillac Court, Milpitas, CA, 95035
Get directionsHistory
Regulatory History (9)
Customer Dispute
May 2025Customer Dispute
December 2023Customer Dispute
March 2023Customer Dispute
May 2021Customer Dispute
March 2018Customer Dispute
May 2017Employment Separation After Allegations
April 2017Customer Dispute
February 2004Customer Dispute
February 2003Other Business ActivitiesSells Insurance
Theodore is the 100% owner of 'Franse Financial Advisors', conducting securities business, insurance sales (LTC, health, DI), and advisory services, dedicating nearly all of his time to this. He also owns rental properties and spends about 10-20% of his time on property management, and minimal time as an executive producer for a movie.
Employment History
Current Registrations
Ni Advisors
Ni AdvisorsBroker
Previous Registrations
Sandlapper Wealth Management, LLC
Sandlapper Securities, LLCBroker
Independent Financial Group, LLCBroker
Independent Financial Group, LLC
First Allied Advisory Services, INC.
First Allied Securities, INC.
First Allied Securities, INC.Broker
Aig Financial Advisors, INC.
Aig Financial Advisors, INC.Broker
Sunamerica Securities, INC.
Sunamerica Securities, INC.Broker
Pruco Securities CorporationBroker
State Registrations9 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.