Patricia Monat
Patricia Monat is a CFP-designated registered investment advisor at Osaic Wealth, INC., based in Waterloo, IA, with 38 years of industry experience. Patricia 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
978 Home Plaza, Suite 400, Waterloo, IA, 50701
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Regulatory History (1)
Customer Dispute
May 2013Other Business ActivitiesSells Insurance
Patricia is a board member of the Community Foundation of Northeast Iowa and spends minimal time on this role. She is also the President of Monat Wealth Management, Inc., an S-Corp that owns the shares of the business entity and processes fixed insurance business, taking about a quarter of her time. Patricia is also a partner in A & P Holdings, LLC and owner of PEM Holdings, LLC, spending minimal time on each.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Previous Registrations
Woodbury Financial Services, INC.Broker
Woodbury Financial Services, INC.
Sii Investments, INC.
Sii Investments, INC.Broker
Multi-Financial Securities Corporation
Multi-Financial Securities CorporationBroker
Hamilton Investments, INC.Broker
Reed Securities Company, INC.Broker
T.L. Reed Securities, INC.Broker
Source Securities, INC.Broker
Berthel, Fisher & Fleischman Financial Services, INC.Broker
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.
Exams
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