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Charles Cumber

Simplicity Wealth
30 Years of Experience
Albuquerque, NM
2 DisclosuresSells Insurance
View SEC Summary
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Charles Cumber is a registered investment advisor at Simplicity Wealth, based in Albuquerque, NM, with 30 years of industry experience. Charles operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Education Planning, Estate Planning, High Net Worth, and 5 more. Their firm serves 8,494 clients with $4.3B in assets under management.

Simplicity Wealth
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
208 advisors
Number of Clients
8,494 clients
Average Client Portfolio
$503K average
Assets Under Management
$4.3B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Advisory fees generally range from 0.10% to 2.00% of assets under management. Platform fees range from 0.10% to 0.60%, and third-party model manager fees range from 0.00% to 1.00%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

Albuquerque, NM

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History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Regulatory
September 2017
Final
Employment Separation After Allegations
February 2017
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Charles is involved with Empowered Wealth Management, selling index annuities and life insurance since 1995. This activity takes about a quarter of his time.

Employment History
Current Registrations
Simplicity Wealth
February 2025 - Present · 1 yr 8 mos
Previous Registrations
Union Capital Company
May 2018 - February 2025 · 6 yrs 9 mos
Union Capital CompanyBroker
May 2018 - February 2025 · 6 yrs 9 mos
Brokers International Financial Services, LLC.Broker
April 2017 - October 2017 · 6 mos
Brokers Financial
April 2017 - October 2017 · 6 mos
Wells Fargo Clearing Services, LLC
April 2016 - March 2017 · 11 mos
Wells Fargo Clearing Services, LLCBroker
April 2016 - March 2017 · 11 mos
U.S. Bancorp Investments, INC.
September 2012 - March 2016 · 3 yrs 6 mos
U.S. Bancorp Investments, INC.Broker
October 2011 - March 2016 · 4 yrs 5 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
October 2009 - September 2011 · 1 yr 11 mos
Banc of America Investment Services, INC.Broker
May 2008 - October 2009 · 1 yr 5 mos
Brokers International Financial Services, LLC.Broker
February 2008 - May 2008 · 3 mos
Allstate Financial Services, LLCBroker
September 2003 - February 2008 · 4 yrs 5 mos
Metropolitan Life Insurance CompanyBroker
October 1994 - September 2003 · 8 yrs 11 mos
Metlife Securities INC.Broker
October 1994 - September 2003 · 8 yrs 11 mos
State Registrations2 states
NMTX
Advisor

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
No exam information available for this advisor.
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