Thomas Clay
Thomas Clay is a registered investment advisor at Osaic Wealth, INC., based in Essex, MA, with 29 years of industry experience. Thomas 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
65 Eastern Avenue, Suite B2A, Essex, MA, 01929
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Regulatory History (1)
Customer Dispute
July 2008Other Business ActivitiesSells Insurance
Thomas owns New Perspective Financial, where he develops financial plans and manages assets, dedicating minimal time. He is also an insurance producer offering fixed annuities, disability, health, life, and long-term care, spending a few hours per week on this.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Previous Registrations
Sagepoint Financial, INC.
Sagepoint Financial, INC.Broker
Questar Asset Management, INC.
Questar Capital CorporationBroker
Usallianz Securities, INC.Broker
Tower Square Securities, INC.Broker
Jefferson Pilot Securities CorporationBroker
State Registrations13 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.