ND
CFP
ND
CFP

Nicholas Damico

19 Years of Experience
Dallas, TX
Broker

Nicholas Damico is a CFP-designated registered investment advisor at Momentum Independent Network INC., based in Dallas, TX, with 19 years of industry experience. Nicholas is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Estate Planning, Investment Management, and 2 more. Their firm serves 2,879 clients with $1.6B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
129 advisors
Number of Clients
2,879 clients
Average Client Portfolio
$559K average
Assets Under Management
$1.6B

Fee Structure

Minimum Investment:$30K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $250K2.25%
$250K - $500K2.00%
$500K - $1.0M1.75%
$1M+1.50%

Rates reflect the maximum annualized fee schedule for individual securities accounts across primary advisory programs. Other programs and asset classes (such as mutual fund only accounts or fixed income portfolios) feature different maximum fee schedules ranging down to 0.90%. Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location

717 N. Harwood Street, Suite 3400, Dallas, TX, 75201

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History

Regulatory History
Clean regulatory record

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.

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Other Business Activities

Nicholas owns a trading card business, selling cards through online websites since July 2023. This takes about full-time.

Employment History
Current Registrations
Momentum Independent Network INC.Broker
April 2020 - Present · 6 yrs 6 mos
Momentum Independent Network INC.
March 2020 - Present · 6 yrs 7 mos
Hilltop Securities INC.
February 2019 - Present · 7 yrs 8 mos
Hilltop Securities INC.Broker
February 2019 - Present · 7 yrs 8 mos
Previous Registrations
Personal Capital Advisors Corporation
May 2017 - March 2019 · 1 yr 10 mos
Dbt Wealth Consultants
September 2014 - March 2018 · 3 yrs 6 mos
Fsc Securities Corporation
September 2013 - May 2017 · 3 yrs 8 mos
Fsc Securities CorporationBroker
September 2013 - May 2017 · 3 yrs 8 mos
USAA Financial Planning Services
October 2012 - August 2013 · 10 mos
USAA Financial Advisors, INC.Broker
August 2012 - August 2013 · 1 yr
Penson Financial Services, INC.Broker
June 2007 - June 2012 · 5 yrs
TD Ameritrade, INC.Broker
December 2006 - March 2007 · 3 mos
State Registrations1 state
TX
AdvisorBrokerBoth

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
No exam information available for this advisor.
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