Stephen Mcdermott
Stephen Mcdermott is a registered investment advisor at Osaic Wealth, INC., based in Wilmington, DE, with 28 years of industry experience. Stephen 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
2036 Foulk Road, Suite 104, Wilmington, DE, 19810
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Regulatory History (1)
Customer Dispute
December 2003Other Business ActivitiesSells Insurance
Stephen is an insurance agent at Heritage Financial Consultants LLC, offering various insurance products and annuities, dedicating about a quarter of his time. He is also a partner in Patriot Development LLC, managing rental properties, and coaches football at Tatnall High School.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Osaic Fa, INC.
Osaic Fa, INC.Broker
M&t Securities, INC.
M&t Securities, INC.Broker
Wilmington Brokerage Services Company
Wilmington Trust Investment Management
Wilmington Brokerage Services CompanyBroker
UBS Painewebber INC.
UBS Painewebber INC.Broker
Legg Mason Wood Walker, IncorporatedBroker
State Registrations12 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.