Devin Garofalo
Devin Garofalo is a registered investment advisor at Colonial River Wealth Management LLC, based in Midlothian, VA, with 21 years of industry experience. Devin operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Insurance Planning, Investment Management, Retirement Planning. Their firm serves 1,034 clients with $340M 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 $250K | 1.60% |
| $250K - $500K | 1.45% |
| $500K - $750K | 1.30% |
| $750K - $1.2M | 1.15% |
| $1.3M - $5.0M | 0.95% |
| $5.0M - $10.0M | 0.75% |
| $10.0M - $25.0M | 0.55% |
| $25M+ | 0.35% |
Fees may be negotiable. Colonial River Premiere Solutions Clients will be charged a fee ranging from .15% to 1.00% based on the level of service selected. The fees for this service are in addition to the investment advisory fees described above.
Fee Estimator
Location
340 Browns Hill Court, Midlothian, VA, 23114
Get directionsHistory
Regulatory History (1)
Customer Dispute
April 2024Other Business ActivitiesSells Insurance
Devin is involved in several business activities, including Colonial River Advisors, LLC, Colonial River Wealth Advisors, LLC, Colonial River Financial Services, LLC (for tax prep and insurance), Colonial River Investments LLC (RIA), MauiBelle, LLC, Virginia Palms LLC, and Elisa Ann Properties LLC. Devin dedicates a few hours per week to selling various insurance products and about half of his time to Colonial River Investments LLC.
Employment History
Current Registrations
Colonial River Wealth Management LLC
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Lincoln Financial Advisors Corporation
Lincoln Financial Advisors CorporationBroker
Stratos Wealth Partners, LTD
LPL Financial LLCBroker
LPL Financial LLC
Next Financial Group, INC.
Next Financial Group, INC.Broker
LPL Financial CorporationBroker
Royal Alliance Associates, INC.Broker
Capital Brokerage CorporationBroker
State Registrations45 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.