Joseph Downey
Joseph Downey is a CFP, ChFC-designated registered investment advisor at Osaic Wealth, INC., based in Massapequa, NY, with 26 years of industry experience. Joseph 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
4190 Sunrise Highway, Massapequa, NY, 11758
Get directionsHistory
Regulatory History (5)
Customer Dispute
June 2009Customer Dispute
June 2008Customer Dispute
April 2008Customer Dispute
March 2008Customer Dispute
March 2008Other Business ActivitiesSells Insurance
Joseph is the president of a New York State Registered Investment Advisor (RIA) firm, dedicating nearly full-time hours to it. He also prepares tax returns and consults on income tax issues, spending a few hours per week on this. Joseph is also an insurance agent selling fixed annuities, life insurance, long-term care, and prepaid insurance, dedicating a few hours per week.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Private Client Asset Management, INC.
Previous Registrations
American Portfolios Financial Services, INC.Broker
Purshe Kaplan Sterling InvestmentsBroker
Fidelity Brokerage Services LLCBroker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
State Registrations11 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.