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PH
CFP
PH
CFP

Pedro Hero

Mutual Advisors, LLC
28 Years of Experience
San Antonio, TX
2 DisclosuresSells Insurance
View SEC Summary
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Pedro Hero is a CFP-designated registered investment advisor at Mutual Advisors, LLC, based in San Antonio, TX, with 28 years of industry experience. Pedro operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 7 more. Their firm serves 9,473 clients with $8.5B in assets under management.

Mutual Advisors, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
154 advisors
Number of Clients
9,473 clients
Average Client Portfolio
$902K average
Assets Under Management
$8.5B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Annual management fee ranges up to 2.00% and is negotiable. Fees can be structured as a flat percentage, tiered schedule, or linear schedule. American Funds accounts range from 0.25% to 1.25%.

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

Location

San Antonio, TX

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History

Regulatory History (2)
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.
Customer Dispute
February 2003
Denied
Customer Dispute
September 2002
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Pedro is an independent insurance agent since 1998, recommending and facilitating the purchase of fixed insurance products, primarily term life insurance, dedicating minimal time. He also educates and enrolls individuals and businesses in health insurance, spending a few hours per week, and officiates varsity football games for about 10-20% of his time.

Employment History
Current Registrations
Mutual Advisors, LLC
September 2021 - Present · 5 yrs 1 mo
Previous Registrations
Oasis Advisers
September 2020 - November 2021 · 1 yr 2 mos
Cetera Advisor Networks LLC
May 2010 - September 2020 · 10 yrs 4 mos
Cetera Advisor Networks LLCBroker
March 2010 - September 2020 · 10 yrs 6 mos
Lincoln Financial Securities Corporation
August 1999 - February 2010 · 10 yrs 6 mos
Lincoln Financial Securities CorporationBroker
August 1999 - February 2010 · 10 yrs 6 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
February 1998 - July 1999 · 1 yr 5 mos
Mutual Service CorporationBroker
October 1997 - November 1997 · 1 mo
State Registrations1 state
TX
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.
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