Daniel Silver is a CFA-designated registered investment advisor at Cef Advisors, based in Richmond, VA, with 5 years of industry experience. Daniel operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management. Their firm serves 90 clients with $190M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
CEF Advisors charges a percentage of your portfolio each year, billed quarterly in advance. Here's how the fees break down, depending on the size of your account:
- Regular Client Billing:
- $2,000,000 - $5,000,000: 1.00% per year
- $5,000,001 - $10,000,000: 0.85% per year
- Over $10,000,000: 0.65% per year
- Small Account Billing:
- First $50,000: 2.50% per year
- Next $50,000: 2.25% per year
- $100,000 - $500,000: 2.00% per year
- $500,001 - $1,000,000: 1.75% per year
- $1,000,001 - $1,999,999: 1.25% per year
- Municipal Models Client Billing:
- Accounts $3,500,000 to $5,000,000: 0.50% per year
- Accounts over $5,000,000: 0.39% per year
- Minimum quarterly fee: $2,500
Fees may be negotiable in certain circumstances. The maximum fee allowed is 2.50% annualized of the account’s present value.
Location
7204 Glen Forest Drive, Suite #105, Richmond, VA, 23226
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Current Registrations
Cef Advisors
State Registrations2 states
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