Dewayne Ellis
Dewayne Ellis is a registered investment advisor at The Wealth Syndicate LLC, based in Silver Spring, MD, with 19 years of industry experience. Dewayne operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 4 more. Their firm serves 80 clients with $6.5M 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 $100K | 1.50% |
| $100K - $500K | 1.25% |
| $500K - $1.0M | 1.00% |
| $1M+ | 0.75% |
Fees are generally negotiable.
Fee Estimator
Location
8403 Colesville Road, Suite 1100, Silver Spring, MD, 20910
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
Dewayne is a producing agent with Mass Mutual Insurance, offering various insurance products and receives 20% of his yearly compensation from these activities. He is also a general agent for Ameritas/Ohio National/Crump Insurance, focusing on life insurance, disability, long-term care, annuities, and group insurance sales, dedicating minimal time during and outside trading hours and deriving 35% of his compensation from this.
Employment History
Current Registrations
The Wealth Syndicate LLC
Previous Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Sharebuilder 401k
Capital One Financial Advisors LLC
Edward Jones
Suntrust Investment Services, INC.
Banc of America Investment Services, 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.