Abel Olivares
Abel Olivares is a registered investment advisor at Centaurus Financial, INC., based in Houston, TX, with 27 years of industry experience. Abel operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 2 more. Their firm serves 38,049 clients with $7.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Centaurus Financial's advisors manage client accounts through various programs, charging an annual fee based on the amount invested. Fees are negotiable and can be a flat percentage or tiered, where the rate decreases as the portfolio value increases. Additional charges may include transaction fees, custodial fees, and internal fund fees.
Maximum advisory fees:
- Alpha, Beta, ABJ, Omega, Delta: 2.25%
- AA & VL: 1.50%
- Adviser-Directed: 1.35%
- FlexUMA: 2.25%
Third-Party Money Managers (TPMMs) charge fees ranging from 1.00% to 3.00%.
Location
Houston, TX
Get directionsHistory
Regulatory History (2)
Customer Dispute
October 2006Customer Dispute
November 2001Other Business ActivitiesSells Insurance
Abel is the CEO/insurance agent for 401K Hombre Insurance Services, recommending and selling various insurance products, and also involved with a second insurance business selling home, auto, and commercial insurance. He is also the CEO of 401K Hombre (DBA for financial planning), Laryss Music & Lady Boss Laryss, 401K Hombre Legal and Tax Services, and 401K Hombre Real Estate Services, and is a landlord.
Employment History
Current Registrations
Centaurus Financial, INC.
Centaurus Financial, INC.Broker
Previous Registrations
Next Financial Group, INC.
Next Financial Group, INC.Broker
Ameriprise Financial Services, INC.
Ameriprise Financial Services, INC.Broker
Ids Life Insurance CompanyBroker
State Registrations8 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.