Derek Skains
Derek Skains is a registered investment advisor at Osaic Wealth, INC., based in Litchfield Park, AZ, with 38 years of industry experience. Derek operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
Litchfield Park, AZ
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Regulatory History (1)
Customer Dispute
July 2009Other Business ActivitiesSells Insurance
Derek is an investment advisor representative with Securities America Advisors, dedicating about two-thirds of his time to discretionary management of client funds. He is also the president of Skains Investment Partners, LLC/Insurance, spending about 10-20% of his time there, and collects royalties from family land in Louisiana, requiring minimal time.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Securities America Advisors, INC.
Securities America, INC.Broker
Raymond James Financial Services Advisors, INC
Raymond James Financial Services
Raymond James Financial Services, INC.Broker
Wachovia Securities, INC.Broker
Wachovia Securities, INC.
Prudential Securities IncorporatedBroker
Smith Barney INC.Broker
Cenpac Securities CORP.Broker
Buchanan & CO., INC.Broker
State Registrations16 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.