William Phelan is a registered investment advisor at Flagstar Advisors, INC., based in New York, NY, with 30 years of industry experience. William operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,571 clients with $1.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Flagstar Advisors' Managed Account Program charges an advisory fee, a sponsor fee, and potentially a third-party advisor (TPA) fee if a TPA manages your account.
The advisory fee is a percentage of your portfolio's value and is negotiable:
- Up to $999,999: 1.50% per year
- $1,000,000 - $4,999,999: 1.00% per year
- $5,000,000 - $9,999,999: 0.75% per year
- $10,000,000 - $19,999,999: 0.50% per year
- Above $20,000,000: 0.40% per year
The sponsor fee covers implementation, platform, and administrative costs:
- Up to $499,999: 0.12% per year
- $500,000 - $1,999,999: 0.10% per year
- $2,000,000 - $4,999,999: 0.09% per year
- $5,000,000 - $9,999,999: 0.08% per year
- $10,000,000 - $19,000,000: 0.05% per year
- Above $20,000,000: 0.03% per year
TPA fees range from 0.25% to 1.25% and may or may not be negotiable.
Location
1400 Broadway, 16th Floor, New York, NY, 10018
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
William is the President and sole owner of WGPhelan Fine Art Photography LLC, which retails photographs he has taken, since 2017. He dedicates about 10-20% of his time to this business, with no activity during securities trading hours.
Employment History
Current Registrations
Flagstar Advisors, INC.
Flagstar Advisors
Flagstar AdvisorsBroker
Previous Registrations
Citigroup Global Markets INC.Broker
Citicorp Investment ServicesBroker
Labranche Financial Services, INC.Broker
Henderson Brothers, INC.Broker
Citicorp Investment ServicesBroker
John Hancock Distributors, INC.Broker
John Hancock Mutual Life Insurance CompanyBroker
Waterhouse Securities, INC.Broker
State Registrations2 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.