Allen Grommet
Allen Grommet is a CFP-designated registered investment advisor at Osaic Wealth, INC., based in Wyckoff, NJ, with 29 years of industry experience. Allen 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
Wyckoff, NJ
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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 ActivitiesSells Insurance
Allen owns Caring Financial Services & Caring Wealth Management, offering insurance, securities, and advisory services, dedicating a few hours per week. He also works as an agent for Everbank, WS Vogel, and Zenith Marketing, selling banking/mortgage services and various insurance products, and is an IAR for American Portfolios Advisors, developing financial plans and recommending investments, dedicating about 10-20% of his time.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
American Portfolios Advisors, INC
American Portfolios Financial Services, INC.Broker
Allied Beacon Partners, INC.Broker
Allied Beacon Wealth Management, LLC
Workman Securities Corporation
Workman Securities CorporationBroker
Wall Street Financial Group, INC
Wall Street Financial Group, INC.Broker
The Investment Center, INC.
The Investment Center, INC.Broker
Raymond James Financial Services, INC.Broker
The Investment Center, INC.Broker
Raymond James Financial Services, INC.Broker
Financial Network Investment CorporationBroker
State Registrations19 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.