Daniel Flees
Daniel Flees is a registered investment advisor at Osaic Wealth, INC., based in Spencer, WI, with 33 years of industry experience. Daniel is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Education Planning, Estate Planning, and 5 more. Their firm serves 575,512 clients with $230B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers several investment management programs where fees are charged as an annual percentage of your portfolio, typically billed monthly or quarterly. Because individual financial professionals negotiate their own fee schedules and programs vary by platform, exact rates depend on the specific account type and manager selected.
- Advisor Managed Portfolios and Unified Managed Account Programs — Fees vary based on negotiations with your financial professional and the specific asset allocation models or third-party managers chosen.
- Plan Participant Retirement Program — Annual management fees charge up to 3.00% of your account assets, structured as a fixed percentage or a tiered fee schedule.
- Program Annuities — Annual advisory fees for managing outside annuities will not exceed 1.50% of program assets for new accounts.
Account minimums vary widely by program, ranging from $5,500 to $10,000 for certain automated or platform accounts, while other programs depend on the specific investment product or third-party manager.
Location
702 E Willow Drive, Spencer, WI, 54479
Get directionsHistory
Regulatory History (2)
Customer Dispute
December 2015Customer Dispute
September 2010Other Business ActivitiesSells Insurance
Daniel is involved in several outside business activities, including being a trustee for Knights of Columbus and Damtech, LLC, and an order taker for Tax Management Services, Inc. He is also an affiliated advisor with Tenacity Advisory Group, Inc. and sells fixed life insurance and fixed annuities through Financial Clarity by Design, Inc., dedicating about 10-20% of his time to this.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Woodbury Financial Services, INC.
Woodbury Financial Services, INC.Broker
Sii Investments, INC.Broker
Capital Financial Services, INC.Broker
Capital Financial Services, INC.
Transamerica Financial Advisors, INC.Broker
State Registrations5 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.
Exams
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