TrueAdvisor
TrueAdvisor
WC
WC

Wallace Carlson

Advisory Services Network
27 Years of Experience
North Richland Hills, TX
1 DisclosureSells Insurance
View SEC Summary
View SEC Summary

Wallace Carlson is a registered investment advisor at Advisory Services Network, based in North Richland Hills, TX, with 27 years of industry experience. Wallace operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 7 more. Their firm serves 12,919 clients with $11B in assets under management.

Advisory Services Network
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
251 advisors
Number of Clients
12,919 clients
Average Client Portfolio
$820K average
Assets Under Management
$10.6B

Fee Structure

Minimum Investment:$25K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $500K2.25%
$500K - $2.0M1.75%
$2.0M - $5.0M1.50%
$5M+1.25%

All fees are negotiable at the firm's discretion. The firm also offers a floating flat rate schedule using the same percentage breakpoints applied to total account assets.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

8376 Davis Boulevard, Suite 111, North Richland Hills, TX, 76182

Get directions

History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Financial
May 2018
Final
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Wallace is an independent insurance agent selling life and health insurance and providing annuity advice since 2018, dedicating a few hours per week. He is also the owner and president of Fruit of the Vine, Lmtd, a service corporation established in 2018 for his financial services practice's fees and expenses.

Employment History
Current Registrations
Advisory Services Network
January 2018 - Present · 8 yrs 9 mos
Previous Registrations
Tl Private Wealth
October 2016 - January 2018 · 1 yr 3 mos
Allstate Financial Services, LLCBroker
October 2015 - October 2016 · 1 yr
Fidelity Personal Trust Company, Fsb
April 2005 - March 2007 · 1 yr 11 mos
Strategic Advisers, INC.
July 2001 - October 2015 · 14 yrs 3 mos
Fidelity Brokerage Services LLCBroker
April 2001 - October 2015 · 14 yrs 6 mos
Fidelity Brokerage Services, INC.Broker
July 1998 - April 2000 · 1 yr 9 mos
State Registrations2 states
LATX
Advisor

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.

Exams
No exam information available for this advisor.
More Advisors
More financial advisors in North Richland Hills, TX →All financial advisors in Texas →