David Shoesmith
David Shoesmith is a ChFC-designated registered investment advisor at Wealth Management Solutions, based in Claremore, OK, with 25 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 168 clients with $110M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1M+ | 1.00% |
This is the fee schedule for discretionary accounts. Non-discretionary accounts have a slightly lower fee schedule: $0 to $500,000: 1.25%, $500,001 to $1,000,000: 1.15%, $1,000,001 or higher: 1.0%. Fees are negotiable and accounts within a household may be grouped together to achieve a lower fee. In certain circumstances, fees may exceed those listed in this schedule, however, they may not exceed 2.0% annually.
Fee Estimator
Location
Claremore, OK
Get directionsHistory
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
David is an insurance agent for life, health, annuity, and long-term care, spending minimal time assisting clients with insurance needs. He also owns and manages a rental property, dedicating minimal time to it.
Employment History
Current Registrations
Wealth Management Solutions
Previous Registrations
Sms Financial & Investment Management
Oakbrook Financial Group, LLC
Wilbanks Securities Advisory
Heartland Financial Advisors Group, INC.
Shoesmith Financial Services, INC.
State Registrations3 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.