Terrence Tormey
Terrence Tormey is a ChFC-designated registered investment advisor at Osaic Wealth, INC., based in Delray Beach, FL, with 38 years of industry experience. Terrence is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Education Planning, Estate Planning, and 5 more. Their firm serves 575,512 clients with $230B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers several investment management programs where fees are charged as an annual percentage of your portfolio, typically billed monthly or quarterly. Because individual financial professionals negotiate their own fee schedules and programs vary by platform, exact rates depend on the specific account type and manager selected.
- Advisor Managed Portfolios and Unified Managed Account Programs — Fees vary based on negotiations with your financial professional and the specific asset allocation models or third-party managers chosen.
- Plan Participant Retirement Program — Annual management fees charge up to 3.00% of your account assets, structured as a fixed percentage or a tiered fee schedule.
- Program Annuities — Annual advisory fees for managing outside annuities will not exceed 1.50% of program assets for new accounts.
Account minimums vary widely by program, ranging from $5,500 to $10,000 for certain automated or platform accounts, while other programs depend on the specific investment product or third-party manager.
Location
Delray Beach, FL
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
November 1997Other Business ActivitiesSells Insurance
Terrence owns Integris Financial Network and Paradise Advanced Planning, through which he offers and sells life, disability, and long-term care insurance, dedicating nearly full-time hours to these activities. He also serves on the boards of advisors for Elmcrest Children's Center and St. Joseph's Hospital, and is a Notary Public and ordained minister.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Sagepoint Financial, INC.
Sagepoint Financial, INC.Broker
LPL Financial LLCBroker
National Planning CorporationBroker
Cadaret, Grant & CO., INC.Broker
Park Avenue Securities LLCBroker
Citigroup Global Markets INC.Broker
Park Avenue Securities LLCBroker
Usi Securities, INC.Broker
Commonwealth Equity Services, INC.Broker
Guardian Investor Services CorporationBroker
Robert W. Baird & CO. IncorporatedBroker
Nml Equity Services, INC.Broker
State Registrations14 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.
Exams
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