Thomas Payne
Thomas Payne is a registered investment advisor at Encompass Advisory Services, LLC, based in Katy, TX, with 25 years of industry experience. Thomas 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, Investment Management, and 2 more. Their firm serves 433 clients with $120M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $25K | 2.00% |
| $25K - $100K | 1.75% |
| $100K - $499K | 1.50% |
| $499K - $1000K | 1.25% |
| $1.0M - $2.0M | 1.00% |
| $2M+ | 1.00% |
Fees negotiable above $2,000,000.
Fee Estimator
Location
23114 Seven Meadows Parkway, Katy, TX, 77494
Get directionsHistory
Regulatory History (3)
Regulatory
February 2021Financial
October 2019Judgment / Lien
October 2018Other Business ActivitiesSells Insurance
Thomas is a Managing Member & Chief Compliance Officer at Prosperitas Wealth Management, dedicating full-time hours to financial planning, company operations, and compliance. He is also an independent insurance agent and financial advisor selling life insurance, annuities, disability, and long-term care insurance, spending a few hours per week on these activities.
Employment History
Current Registrations
Encompass Advisory Services, LLC
Previous Registrations
Prosperitas Wealth Management LLC
Infinity Financial ServicesBroker
Investors Capital CORP.Broker
Trinity Fiduciary Partners, LLC
Investors Capital CORP.Broker
Investors Capital Advisory
Commonwealth Financial Network
Commonwealth Financial NetworkBroker
Metlife Securities INC.
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
Prudential Securities IncorporatedBroker
Pruco Securities CorporationBroker
State Registrations2 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.