Gary Korolev is a CFA-designated registered investment advisor at Sovereign, based in Vienna, VA, with 21 years of industry experience. Gary operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Charitable Giving, Estate Planning, Insurance Planning, Investment Management, and 1 more. Their firm serves 212 clients with $71M 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 $500K | 1.00% |
| $500K - $1.0M | 0.90% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.70% |
| $5.0M - $10.0M | 0.60% |
| $10M+ | 0.50% |
Fees are negotiable based on the size of the account, complexity of investment strategy and types of holdings. The firm also charges 1% annually for the Crypto Model Program and for the BitGo Crypto Program, Sovereign charges a 1% annual fee, a 0.60% technology fee, and a 0.30% spread on trading.
Fee Estimator
Location
2740 Chain Bridge Road, Suite 1, Vienna, VA, 22181
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
Gary holds an insurance agent license for life, long term care, and disability insurance products since 2015, offering these to Sovereign's clients. He dedicates minimal time to this business, facilitating sales and receiving commissions.
Employment History
Current Registrations
Sovereign
Previous Registrations
Spire Wealth Management, LLC
Spire Securities, LLCBroker
Symphonic Financial Advisors LLC
Symphonic Securities LLCBroker
Charles Schwab & CO., INC.
Schwab Private Client Investment Advisory, INC.
Charles Schwab & CO., INC.Broker
Charles Schwab & CO., INC.
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Morgan Stanley
Morgan Stanley Dw INC.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.