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Thomas Payne

Encompass Advisory Services, LLC
26 Years of Experience
Fort Worth, TX
3 DisclosuresSells Insurance
View SEC Summary
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Thomas Payne is a registered investment advisor at Encompass Advisory Services, LLC, based in Fort Worth, TX, with 26 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, Insurance Planning, and 3 more. Their firm serves 433 clients with $120M in assets under management.

Encompass Advisory Services, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
7 advisors
Number of Clients
433 clients
Average Client Portfolio
$280K average
Assets Under Management
$121.3M

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $25K2.00%
$25K - $100K1.75%
$100K - $500K1.50%
$500K - $1.0M1.25%
$1.0M - $2.0M1.00%
$2M+1.00%

Fees for portfolios above $2,000,000 are negotiable.

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

Location

Fort Worth, TX

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History

Regulatory History (3)
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.
Regulatory
February 2021
Final
Financial
October 2019
Final
Judgment / Lien
October 2018
View Full SEC ReportHow to Read Disclosures
Other 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
July 2024 - Present · 2 yrs 3 mos
Previous Registrations
Prosperitas Wealth Management LLC
February 2021 - December 2024 · 3 yrs 10 mos
Infinity Financial ServicesBroker
September 2016 - February 2018 · 1 yr 5 mos
Investors Capital CORP.Broker
January 2016 - September 2016 · 8 mos
Trinity Fiduciary Partners, LLC
December 2015 - January 2021 · 5 yrs 1 mo
Investors Capital CORP.Broker
February 2010 - December 2015 · 5 yrs 10 mos
Investors Capital Advisory
February 2010 - December 2015 · 5 yrs 10 mos
Commonwealth Financial Network
November 2004 - February 2010 · 5 yrs 3 mos
Commonwealth Financial NetworkBroker
November 2004 - February 2010 · 5 yrs 3 mos
Metlife Securities INC.
April 2002 - November 2004 · 2 yrs 7 mos
Metlife Securities INC.Broker
March 2002 - November 2004 · 2 yrs 8 mos
Metropolitan Life Insurance CompanyBroker
March 2002 - November 2004 · 2 yrs 8 mos
Prudential Securities IncorporatedBroker
February 2001 - March 2002 · 1 yr 1 mo
Pruco Securities CorporationBroker
June 2000 - March 2001 · 9 mos
State Registrations2 states
CATX
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.
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