Stephen Caruso
Stephen Caruso is a registered investment advisor at Brookwood Investment Group, based in Phoenix, AZ, with 26 years of industry experience. Stephen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning, and 1 more. Their firm serves 3,160 clients with $1.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Brookwood Investment Group's investment management fee is negotiable, up to 2.50% annually, depending on factors like the amount of assets managed, portfolio complexity, and client needs. Fees can be charged using a flat, linear, or tiered percentage structure. Fees are calculated as a percentage of assets under management and assessed quarterly, either in advance or in arrears, as agreed upon. Cash positions are included when calculating the fee.
Location
3930 E. Ray Road, Suite 155, Phoenix, AZ, 85044
Get directionsHistory
Regulatory History (4)
Customer Dispute
January 2018Customer Dispute
October 2016Employment Separation After Allegations
May 2016Customer Dispute
March 2016Other Business ActivitiesSells Insurance
Stephen is a licensed insurance producer with Brookwood Insurance Group LLC since 2022, selling fixed insurance products. This activity requires about 10-20% of his time.
Employment History
Current Registrations
Brookwood Investment Group
Previous Registrations
Belpointe Asset Management LLC
Ameriprise Financial Services, INC.
Ameriprise Financial Services, INC.Broker
Allstate Financial Services, LLCBroker
Pointe Capital, INC.
Pointe Capital, INC.Broker
Wachovia Securities, LLC
Wachovia Securities, LLCBroker
Citicorp Investment Services
Citicorp Investment ServicesBroker
State Registrations1 state
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.