Sean Mcdermott
Sean Mcdermott is a CFP-designated registered investment advisor at Summit Investment Advisory Services, based in Roseville, MN, with 36 years of industry experience. Sean operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 3 more. Their firm serves 1,075 clients with $750M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.50% |
The fee is negotiable based on a number of different factors to include, but not limited to: total account value(s), complexity of planning and services, investment allocation of the account, customer loyalty (longtime client), and personal relationship (family member or friend).
Fee Estimator
Location
3065 Center Pointe Drive, Suite 2, Roseville, MN, 55113
Get directionsHistory
Regulatory History (2)
Customer Dispute
March 2009Customer Dispute
October 2003Other Business ActivitiesSells Insurance
Sean is involved in several business activities, including non-variable insurance sales, seminar speaking, estate planning services, real estate, tax advisory services, and authorship. He also owns Summit Investment Advisors and Summit Estate Planning, LLC.
Employment History
Current Registrations
Summit Investment Advisory Services
LPL Financial LLCBroker
Previous Registrations
LPL Financial LLC
Securities America, INC.Broker
State Registrations37 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.