Derek Malone
Derek Malone is a registered investment advisor at Osaic Institutions, INC., based in West New York, NJ, with 17 years of industry experience. Derek operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Retirement Planning. Their firm serves 7,211 clients with $4B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Fees for customized advisory services are based on the value of your portfolio and are negotiable. The maximum advisory fee is 2.50%. You may pay monthly or quarterly account fees, either in advance or after the service is provided. These fees are directly deducted from your account. If you invest in mutual funds or ETFs, you'll pay advisory fees to both the fund manager and Osaic Institutions. If the custom advisory services apply to annuities for which the advisor receives trail compensation, such trail fees generally will be used to offset the advisory fee.
Location
5310 Bergenline Avenue, West New York, NJ, 07093
Get directionsHistory
Regulatory History (6)
Customer Dispute
May 2023Customer Dispute
September 2021Customer Dispute
November 2020Judgment / Lien
November 2006Judgment / Lien
June 2005Judgment / Lien
January 2005Employment History
Current Registrations
Osaic Institutions, INC.
Osaic Institutions, INC.Broker
Previous Registrations
Essex National Securities, LLC
Essex National Securities, LLCBroker
Essex National Securities, INC.
LPL Financial CorporationBroker
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.