Thomas Formhals
Thomas Formhals is a registered investment advisor at Belpointe Asset Management LLC, based in Fuguay Varina, NC, with 14 years of industry experience. Thomas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 6,529 clients with $6B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Belpointe's advisory fees are negotiable and can be a flat fee, fixed rate percentage, a linear fee percentage, or a tiered fee percentage structure, but cannot exceed 2.5% annually, based on the value of your investments. The exact fee schedule is agreed upon between you and your advisor. Fees are typically deducted directly from your account quarterly.
Location
Fuguay Varina, NC
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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.
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Thomas is the owner of The Patriot Financial Group, LLC (since 2015) and Furquay Financial Planning (since 2017). These businesses are investment-related and operate under a DBA name for investment advisory and financial planning.
Employment History
Current Registrations
Belpointe Asset Management LLC
Previous Registrations
Tuttle Tactical Management, LLC
Tuttle Wealth Management, LLC
Trustmont Advisory Group, INC.
State Registrations1 state
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.