Joseph Turnes
Joseph Turnes is a registered investment advisor at Statetrust Capital, LLC., based in Boca Raton, FL, with 36 years of industry experience. Joseph operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 144 clients with $94M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
StateTrust Capital charges a percentage of the assets they manage. The exact percentage is negotiated with each client individually, depending on the size and type of account, and whether the management is discretionary or non-discretionary. Fees are charged quarterly in advance.
- Fixed Income Accounts: 0.8% - 1.5% per year
- Equity Accounts: 1.8% - 2.4% per year
These fees do not include brokerage commissions, transaction fees, or other related costs, except for wrap accounts.
Location
1750 Clint Moore Road, Boca Raton, FL, 33487
Get directionsHistory
Regulatory History (4)
Regulatory
September 2013Regulatory
June 2013Customer Dispute
April 2007Customer Dispute
August 2001Other Business ActivitiesSells Insurance
Joseph is the Chairman and Investment Advisor for Statetrust Capital, LLC and Chairman for Statetrust Life and Annuity. He also holds various director and officer positions in several other companies, including ST Services LLC, Consultants LA Inc, Statetrust Group, LLC, Advisors International Corp, Atlantica Seguros SA, Risk RE,LLC, Kredit-Co, LLC, Latam Insurance Holdings, LLC, Boca 1750 LLC, Lumi Auto SRL, and Administradores de Servicios ST. SA de CV, dedicating time as needed.
Employment History
Current Registrations
Statetrust Capital, LLC.
Statetrust Investments INC.Broker
Previous Registrations
Statetrust Capital, LLC.
Salomon Smith Barney INC.Broker
Lehman Brothers INC.Broker
State Registrations3 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.