Bruce Cumbo
Bruce Cumbo is a registered investment advisor at Allstate Financial Advisors, LLC, based in Wilmington, NC, with 30 years of industry experience. Bruce operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 280 clients with $82M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Allstate Financial Advisors (AFA) uses Fidelity Institutional Wealth Adviser's (FIWA) FMAX wrap fee program. The fee covers investment advice and trading costs, based on a percentage of the assets managed, up to 1.5%. AFA receives part of this fee, creating a potential conflict of interest. Clients should compare the FMAX program's overall cost and service with other options, including brokerage accounts and other advisor programs.
Location
4837 Carolina Beach Rd Ste 112, Wilmington, NC, 28421-2369
Get directionsHistory
Regulatory History (2)
Customer Dispute
April 2004Customer Dispute
June 2003Other Business ActivitiesSells Insurance
Bruce is the owner of passive insurance contracts, collecting premiums on old contracts, and also works at Tanglewood Park moving golf carts. The insurance activity takes minimal time, while the golf course job takes about 10-20% of his time.
Employment History
Current Registrations
Allstate Financial Advisors, LLC
Allstate Financial Services, LLCBroker
Previous Registrations
The Retirement Group, LLC
The Retirement Group, LLC
Fsc Securities CorporationBroker
Investors Capital CORP.Broker
Securities America, INC.Broker
Uvest Financial Services Group, INC.Broker
Morgan Stanley Dw INC.Broker
State Registrations1 state
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.