John Penna
John Penna is a registered investment advisor at Osaic Wealth, INC., based in Williamsville, NY, with 27 years of industry experience. John 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
1967 Wehrle Drive, Suite 3, Williamsville, NY, 14221
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Regulatory History (1)
Regulatory
June 2007Other Business ActivitiesSells Insurance
John is the President of Retirement Analytics Inc. since 2019, spending full-time hours as a financial planner. He also owns CW Virtual Offices and performs Medicaid analysis, dedicating a few hours per week and about 10-20% of his time, respectively.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Previous Registrations
Cadaret Grant & CO INC
Cadaret, Grant & CO., INC.Broker
Blackridge Asset Management, LLC
Peak Brokerage Services, LLCBroker
Private Advisor Group, LLC
LPL Financial LLCBroker
Cadaret, Grant & CO., INC.Broker
Delta Equity Services CorporationBroker
Five Star Investment Services, INC.Broker
Delta Equity Services CorporationBroker
Morgan Stanley Dw INC.Broker
Prudential Securities IncorporatedBroker
State Registrations9 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.