Thomas Mcdermott
Thomas Mcdermott is a registered investment advisor at Fulcrum Wealth Systems, LLC, based in Ponte Vedra Beach, FL, with 15 years of industry experience. Thomas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, High Net Worth, Investment Management. Their firm serves 39 clients with $7.5M 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 $200K | 1.25% |
| $200K - $500K | 1.20% |
| $500K - $1000K | 1.10% |
| $1.0M - $2.0M | 1.00% |
| $2M+ | 0.90% |
Clients electing to invest in options will be charged an annual fee of 2% on the options portion of their investment portfolio. Clients electing to invest in treasuries will be charged an annual fee of 0.50% on the treasuries portion of their investment portfolio. The annual fees listed above are negotiable.
Fee Estimator
Location
Ponte Vedra Beach, FL
Get directionsHistory
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
Thomas is self-employed in a fixed insurance business, selling life, health, annuities, and long-term care products. He also owns Asset Protectors & Advisors of FL Inc., a real estate property rental business, dedicating minimal time to landlord duties.
Employment History
Current Registrations
Fulcrum Wealth Systems, LLC
Previous Registrations
Foundations Investment Advisors LLC
Carroll Financial Associates INC
Eqis Capital Management
Prosperity Capital Group, INC.
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.