Norman Scherer
Norman Scherer is a registered investment advisor at Osaic Wealth, INC., based in Ocean View, DE, with 28 years of industry experience. Norman 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
Ocean View, DE
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Regulatory History (1)
Customer Dispute
October 2010Other Business ActivitiesSells Insurance
Norman is the Vice President of NAIFA - Greater Washington and a volunteer at VFW #7434. He also works as a Registered Representative with Scherer Financial Advisors, selling fixed products, term life insurance, SPIAs, long-term care, and fixed annuities, dedicating a few hours per week to this.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Woodbury Financial Services, INC.
Woodbury Financial Services, INC.
Woodbury Financial Services, INC.Broker
State Registrations16 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.