Allen Bruce is a ChFC-designated registered investment advisor at On Investment Management CO, based in Silver Spring, MD, with 52 years of industry experience. Allen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 2 more. Their firm serves 8,323 clients with $2.4B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
ONIMCO offers investment advisory programs where fees are based on a percentage of the assets managed. The fees are determined by the specific program sponsor you choose, and they typically have tiered fee schedules where larger accounts may receive reduced fees. The Investment Adviser Representative's portion of the fees is negotiable and may range from 0.30% to 1.50% annually. These fees do not include the fees charged by the investments themselves, such as mutual funds or ETFs. Additional fees may apply for tax management services or socially responsible screening.
Location
12501 Prosperity Drive, Suite 320, Silver Spring, MD, 20904
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Allen is the President of A. R. Bruce and Company, Inc., where he sells insurance products including traditional life, long-term care, disability, and fixed annuities, dedicating about half of his time. He also serves as a guest lecturer at Howard University School of Business and is the treasurer of Headley Carter Cares Foundation, a non-profit organization.
Employment History
Current Registrations
On Investment Management CO
The O.N. Equity Sales Company
The O.N. Equity Sales CompanyBroker
Previous Registrations
H. Beck, INC.
H. Beck, INC.Broker
Prosperity Assurance Advisory Services, INC.
Valmark Advisers, INC.
Valmark Securities, INC.Broker
Mutual Service CorporationBroker
Manequity, INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations22 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.