James Mcdermott
James Mcdermott is a registered investment advisor at Osaic Wealth, INC., based in Oakbrook Terrace, IL, with 31 years of industry experience. James 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
2 Midamerica Plaza, Ste 750, Oakbrook Terrace, IL, 60181
Get directionsHistory
Regulatory History (2)
Customer Dispute
February 2024Employment Separation After Allegations
December 2011Other Business Activities
James works part-time for Netjets as an hourly employee for a few hours per week, appearing in a print ad. He also works full-time as a financial advisor for GCG Wealth Management LLC, GCG Advisory Partners, and McDermott Gall Wealth Management.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Previous Registrations
Raymond James & Associates, INC.Broker
Raymond James & Associates, INC.
Oppenheimer & CO. INC.Broker
Oppenheimer & CO. INC.
Wells Fargo Advisors, LLC
Wells Fargo Advisors, LLCBroker
Citigroup Global Markets INC.
Citigroup Global Markets INC.Broker
Prudential Securities IncorporatedBroker
State Registrations24 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.