Shelton Mcclain
Shelton Mcclain is a registered investment advisor at Osaic Wealth, INC., based in Baton Rouge, LA, with 28 years of industry experience. Shelton 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
658 Saint Charles Street, Baton Rouge, LA, 70802
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Shelton is involved in several business activities, including insurance sales through McClain Financial Group, LLC, and Annuity Marketing Services, where he sells life insurance, fixed annuities, and long-term care. He also has part ownership in multiple real estate-related entities and is the owner of S and P Investment Group LLC, which buys real estate for rental and sale, and CFO of Comprehensive Adult Primary Care Clinic, LLC.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Previous Registrations
Sagepoint Financial, INC.
Sagepoint Financial, INC.Broker
Uvest Financial Services Group, INC.Broker
Uvest Financial Services Group, INC.
Pfic Securities CorporationBroker
State Registrations7 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.