Jake Crater
Jake Crater is a registered investment advisor at Umb Private Wealth Management, LLC, based in Dallas, TX, with 24 years of industry experience. Jake operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 6 more. Their firm serves 46 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 $1.0M | 1.25% |
| $1.0M - $3.0M | 1.15% |
| $3.0M - $5.0M | 1.00% |
| $5.0M - $10.0M | 0.80% |
| $10.0M - $15.0M | 0.70% |
| $15.0M - $25.0M | 0.60% |
| $25.0M - $50.0M | 0.55% |
| $50M+ | 0.50% |
Fees are billed monthly in arrears based on the average daily balance. Minimum household fee is $5,000.
Fee Estimator
Location
5950 Berkshire Lane - Suite #1600, Dallas, TX, 75225
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
Jake is a licensed agent for UMB Insurance selling fixed rate insurance products and services, dedicating a few hours per week. He also works as a financial services professional for UMB Bank providing investment management services, taking nearly full-time hours.
Employment History
Current Registrations
Umb Private Wealth Management, LLC
Previous Registrations
Umb Financial Services, INC.
Umb Financial Services, INC.Broker
Partners FinanceBroker
Goldman Sachs & CO. LLCBroker
Goldman Sachs Custody SolutionsBroker
J.P. Morgan Securities LLCBroker
J.P. Morgan Securities LLC
J. P. Morgan Securities INC.
J.P. Morgan Securities INC.Broker
Jpmorgan Securities INC
Banc One Securities CorporationBroker
Merrill Lynch Pierce Fenner & Smith INC.
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
UBS Financial Services INC.
UBS Financial Services INC.Broker
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.
Exams
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