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Norman Cone

Osaic Wealth, INC.
25 Years of Experience
Shreveport, LA
1 DisclosureBrokerSells Insurance
View SEC Summary
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Norman Cone is a registered investment advisor at Osaic Wealth, INC., based in Shreveport, LA, with 25 years of industry experience. Norman is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Education Planning, Estate Planning, and 5 more. Their firm serves 575,512 clients with $230B in assets under management.

Osaic Wealth, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
9240 advisors
Number of Clients
575,512 clients
Average Client Portfolio
$408K average
Assets Under Management
$234.9B

Fee Structure

Minimum Investment:$5.5K
Planning is included in investment management (also available separately)

Osaic Wealth offers several investment management programs where fees are charged as an annual percentage of your portfolio, typically billed monthly or quarterly. Because individual financial professionals negotiate their own fee schedules and programs vary by platform, exact rates depend on the specific account type and manager selected.

  • Advisor Managed Portfolios and Unified Managed Account Programs — Fees vary based on negotiations with your financial professional and the specific asset allocation models or third-party managers chosen.
  • Plan Participant Retirement Program — Annual management fees charge up to 3.00% of your account assets, structured as a fixed percentage or a tiered fee schedule.
  • Program Annuities — Annual advisory fees for managing outside annuities will not exceed 1.50% of program assets for new accounts.

Account minimums vary widely by program, ranging from $5,500 to $10,000 for certain automated or platform accounts, while other programs depend on the specific investment product or third-party manager.

View Full SEC Brochure

Location

610 Marshall Street, Suite 615, Shreveport, LA, 71101

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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.
Employment Separation After Allegations
August 2019
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Norman works as a business consultant with the Louisiana Small Business Development Center, dedicating about a quarter of his time to advising small business owners. He also operates as a sole proprietor, addressing clients' insurance needs, including long-term care, fixed insurance, and fixed annuities, which takes minimal time.

Employment History
Current Registrations
Osaic Wealth, INC.Broker
September 2023 - Present · 3 yrs 1 mo
Osaic Wealth, INC.
September 2023 - Present · 3 yrs 1 mo
Previous Registrations
Sagepoint Financial, INC.
June 2020 - September 2023 · 3 yrs 3 mos
Sagepoint Financial, INC.Broker
June 2020 - September 2023 · 3 yrs 3 mos
CUNA Brokerage Services, INC.
August 2017 - August 2019 · 2 yrs
CUNA Brokerage Services, INC.Broker
August 2017 - August 2019 · 2 yrs
Oneamerica Securities, INC.Broker
February 2015 - April 2016 · 1 yr 2 mos
Invest Financial CorporationBroker
February 2009 - February 2015 · 6 yrs
Sagepoint Financial, INC.Broker
October 2005 - February 2009 · 3 yrs 4 mos
Sunamerica Securities, INC.Broker
October 1999 - October 2005 · 6 yrs
Nylife Securities INC.Broker
December 1998 - August 1999 · 8 mos
State Registrations1 state
LA
AdvisorBrokerBoth

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.
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