Douglas Sockman
Douglas Sockman is a CFP, ChFC-designated registered investment advisor at Cleveland Wealth, LLC, based in Cleveland, OH, with 28 years of industry experience. Douglas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 4 more. Their firm serves 396 clients with $510M 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 - $1000K | 1.35% |
| $1.0M - $2.5M | 1.15% |
| $2.5M - $5.0M | 1.00% |
| $5.0M - $10.0M | 0.80% |
| $10M+ | 0.65% |
Fees are negotiable.
Fee Estimator
Location
600 Superior Avenue East, Suite 2550, Cleveland, OH, 44114
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
June 1999Other Business ActivitiesSells Insurance
Douglas sells life, long-term care, disability, and fixed annuities since 2004, dedicating a few hours per week. He also owns rental property since 2000 and CW Insurance, LLC since 2018, spending minimal time on these activities.
Employment History
Current Registrations
Cleveland Wealth, LLC
Previous Registrations
Skylight Financial Services LLC
MML Investors Services, LLC
MML Investors Services, LLCBroker
Hantz Financial Services, INC.Broker
Hantz Financial Services, INC.Broker
Vestax Securities CorporationBroker
Concord Brokerage Services, 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.