Duane Shumaker is a CFP-designated registered investment advisor at Balboa Wealth Partners, INC., based in Tucson, AZ, with 29 years of industry experience. Duane operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Investment Management, and 2 more. Their firm serves 1,121 clients with $1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Balboa Wealth offers two investment management options with fees based on the value of your portfolio. Fees are paid quarterly, in advance.
Comprehensive Portfolio Management:
- Up to $249,999.99: 2.3% per year, plus a $15 quarterly reporting fee
- $250,000 to $499,999.99: 2.1% per year
- $500,000 to $749,999.99: 1.9% per year
- $750,000 to $999,999.99: 1.8% per year
- $1,000,000 and over: 1.7% per year
Asset Management Services:
- Up to $249,999.99: 1.5% per year, plus a $15 quarterly reporting fee
- $250,000 to $499,999.99: 1.4% per year
- $500,000 to $749,999.99: 1.3% per year
- $750,000 to $999,999.99: 1.2% per year
- $1,000,000 and over: 1.1% per year
Fees may be negotiable.
Location
3567 E. Sunrise, Ste 119, Tucson, AZ, 85718
Get directionsHistory
Regulatory History (1)
Customer Dispute
November 2018Other Business Activities
Duane is a managing partner at Shumaker, Wengren, LLC, where he prepares tax returns and supervises bookkeepers, dedicating about half his time. He also operates Robinson & Shumaker Wealth Management as a DBA for business conducted through Balboa Wealth Partners, Inc., spending about half his time on investments and securities trading.
Employment History
Current Registrations
Balboa Wealth Partners, INC.
Previous Registrations
First Financial Equity Corporation
First Financial Equity CorporationBroker
H. Beck, INC.
H. Beck, INC.Broker
Pacific West Financial Consultant INC
Pacific West Financial Consultant INC
Pacific West Securities, INC.Broker
Royal Alliance Associates, INC.Broker
Pim Financial Services, INC.Broker
Waddell & Reed, INC.Broker
Dean Witter Reynolds 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.