Daniel Claps
Daniel Claps is a registered investment advisor at Arete Wealth Advisors, LLC, based in Jersey City, NJ, with 31 years of industry experience. Daniel operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 5,426 clients with $2.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $249K | 3.00% |
| $249K - $750K | 2.50% |
| $750K - $1.5M | 2.00% |
| $1.5M - $5.0M | 1.75% |
| $5M+ | 1.50% |
Fees are negotiable. A $50,000 initial minimum account balance is generally required, but may be waived.
Fee Estimator
Location
30 Montgomery Street, Suite 1201, Jersey City, NJ, 07302
Get directionsHistory
Regulatory History (1)
Customer Dispute
June 2009Other Business ActivitiesSells Insurance
Daniel is an insurance agent selling fixed insurance products since 2009, but dedicates no time to it currently. He also works full-time as an OSJ Principal for Hudsonpoint Capital and owns Daniel Claps Inc, a pass-through entity for bills and taxes, which requires no time commitment.
Employment History
Current Registrations
Arete Wealth Advisors, LLC
Arete Wealth Management, LLCBroker
Previous Registrations
B. Riley Wealth ManagementBroker
B. Riley Wealth Advisors, INC.
National Securities CorporationBroker
Joseph Stevens & Company, INC.Broker
Securities & Investment Planning CO.Broker
New England SecuritiesBroker
Triad Financial INC.Broker
First Investors CorporationBroker
State Registrations45 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.