Suresh Basnet
Suresh Basnet is a registered investment advisor at Balanced Investment Advisors, LLC, based in Cedar Rapids,, IA, with 19 years of industry experience. Suresh operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 47 clients with $43M 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 $1.0M | 2.50% |
| $1.0M - $2.0M | 2.40% |
| $2.0M - $3.0M | 2.25% |
| $3.0M - $4.0M | 1.90% |
| $4.0M - $5.0M | 1.65% |
| $5M+ | 1.35% |
The annual fee may be negotiable. These fees also apply to variable annuity management.
Fee Estimator
Location
Armstrong Center 222 Third Ave Se, Cedar Rapids,, IA, 52401
Get directionsHistory
Regulatory History (2)
Regulatory
January 2019Employment Separation After Allegations
March 2017Other Business ActivitiesSells Insurance
Suresh is a managing member of Balanced Investment Company, LLC, an insurance brokerage, spending about half his time evaluating investments and insurance needs. He is also a managing member and IAR of Balanced Investment Advisors, LLC, a registered investment advisor, dedicating about a quarter of his time to financial planning and portfolio management. Additionally, Suresh works as an agent selling fixed insurance, spending about 10-20% of his time on this activity.
Employment History
Current Registrations
Balanced Investment Advisors, LLC
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
Corecap Investments, INC.Broker
Corecap Advisors
Voya Financial Advisors, INC.
Voya Financial Advisors, INC.Broker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Ing Financial Partners, INC.Broker
Diversified Investors Securities CORP.Broker
State Registrations3 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.