Derrick Avelar is a CFP-designated registered investment advisor at Simplicity Wealth, based in Summit, NJ, with 13 years of industry experience. Derrick operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 5,619 clients with $3.6B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Simplicity Wealth's fees are based on a percentage of your assets under management, ranging from 0.10% to 2.00%. The specific fee depends on the services selected by your advisor. The fees cover investment management, research, monitoring, and other operational services. Additional fees may include model manager fees, custodial fees, and transaction fees. Simplicity Wealth also offers proprietary model portfolios.
Location
475 Springfield Ave., Suite #1, Summit, NJ, 07901
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Regulatory History (1)
Criminal
August 1991Other Business Activities
Derrick is the owner and wealth manager at Bluepoint Wealth Management, Inc., established in February 2022. He dedicates full-time hours to this role, with minimal time spent during trading hours.
Employment History
Current Registrations
Simplicity Wealth
Previous Registrations
Kingswood Wealth Advisors, LLC
Benchmark Advisory Services, LLC
Creative Planning
Advanced Capital Group
Ing Financial Partners, INC.Broker
Locust Street Securities, INC.Broker
Berthel, Fisher & Company Financial Services, INC.Broker
State Registrations1 state
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.