Thomas Paine
Thomas Paine is a registered investment advisor at Centaurus Financial, INC., based in Arroyo Grande, CA, with 33 years of industry experience. Thomas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 2 more. Their firm serves 38,049 clients with $7.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Centaurus Financial's advisors manage client accounts through various programs, charging an annual fee based on the amount invested. Fees are negotiable and can be a flat percentage or tiered, where the rate decreases as the portfolio value increases. Additional charges may include transaction fees, custodial fees, and internal fund fees.
Maximum advisory fees:
- Alpha, Beta, ABJ, Omega, Delta: 2.25%
- AA & VL: 1.50%
- Adviser-Directed: 1.35%
- FlexUMA: 2.25%
Third-Party Money Managers (TPMMs) charge fees ranging from 1.00% to 3.00%.
Location
1186 E. Grand Avenue, Arroyo Grande, CA, 93420
Get directionsHistory
Regulatory History (2)
Customer Dispute
December 2023Customer Dispute
September 2013Other Business ActivitiesSells Insurance
Thomas operates Paine Financial Services as a DBA for branding purposes and is also the owner of LTC Insurance Marketing, where he sells LTC, Medicare Supplement, and fixed annuities, dedicating a few hours per week. He also serves as Chair of the Investment Committee for Avila Valley Mutual Water Company, spending minimal time on this non-investment related activity.
Employment History
Current Registrations
Centaurus Financial, INC.
Centaurus Financial, INC.Broker
Previous Registrations
Carey James & Associates
G - W Brokerage Group, INC.Broker
Monterey Bay Securities, INC.Broker
Jackson National Financial Services, INC.Broker
State Registrations8 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.