TrueAdvisor
TrueAdvisor
JM
JM

Jay Malik

Wealth Management
15 Years of Experience
Fort Lauderdale, FL
1 DisclosureSells Insurance
View SEC Summary
View SEC Summary

Jay Malik is a registered investment advisor at Wealth Management, based in Fort Lauderdale, FL, with 15 years of industry experience. Jay operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, High Net Worth, Investment Management, and 2 more. Their firm serves 4,751 clients with $3.7B in assets under management.

Wealth Management
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
47 advisors
Number of Clients
4,751 clients
Average Client Portfolio
$781K average
Assets Under Management
$3.7B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $50K1.75%
$50K - $200K1.50%
$200K - $500K1.25%
$500K - $1.0M1.00%
$1.0M - $2.0M0.90%
$2.0M - $3.0M0.80%
$3.0M - $4.0M0.70%
$4.0M - $5.0M0.60%
$5M+0.50%

Fees may be negotiated with each client. Family account balances are combined for fee calculation.

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

Location

Fort Lauderdale, FL

Get directions

History

Regulatory History (1)
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
March 2019
Final
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Jay owns Doctors Finance LLC, an accounting and consulting firm, dedicating about a quarter of his time. He also works as an independent insurance agent selling fixed insurance (minimal time), is president of Jay Malik Tax Corp (minimal time), and is a member of Grace Aspel LLC for real estate investments (minimal time).

Employment History
Current Registrations
Wealth Management
November 2011 - Present · 14 yrs 11 mos
Previous Registrations
Dljdirect INC.Broker
May 1997 - March 1998 · 10 mos
American Express Financial Advisors INC.Broker
October 1996 - February 1997 · 4 mos
Ids Life Insurance CompanyBroker
October 1996 - February 1997 · 4 mos
State Registrations2 states
FLPA
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.
More Advisors
More financial advisors in Fort Lauderdale, FL →All financial advisors in Florida →