Thomas Carlson is a registered investment advisor at Wedbush Securities INC., based in Oakdale, MN, with 12 years of industry experience. Their practice areas include Financial Planning & Coaching, Investment Management. Their firm serves 10,048 clients with $5.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Wedbush Securities offers investment management through several programs. The fees are based on a percentage of the assets managed and are billed quarterly in advance. The minimum account size is generally $25,000, but exceptions can be made. Fees are negotiable.
Typical fees for the DMI-IC, SDI-IC, MMA, SMA, and UMA accounts are:
- Up to $250,000: 3.00% per year
- $250,001 to $500,000: 2.80% per year
- $500,001 to $1,000,000: 2.50% per year
- $1,000,001 to $3,000,000: 1.90% per year
- $3,000,001 to $5,000,000: 1.60% per year
- $5,000,001 and above: Negotiable
There is a minimum quarterly fee of $62.50 ($250 annually) for DMI-IC accounts and $125 ($500 annually) for SDI-IC accounts. For MMA, SMA, and UMA accounts, there is a minimum quarterly fee of $250 ($1,000 annually).
Location
Oakdale, MN
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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 a sole proprietor providing entertainment to senior living communities and online shops since 2017, dedicating minimal time. He also works as a delivery driver for DoorDash and Uber, assists with logistics for CookUnity, helps with a non-profit, and assists with local theatre publicity.
Employment History
Current Registrations
Wedbush Securities INC.Broker
Wedbush Securities INC.
Previous Registrations
Ameriprise Financial Services, LLC
Ameriprise Financial Services, LLCBroker
U.S. Bancorp Investments, INC.Broker
U.S. Bancorp Investments, INC.
Voya Financial Partners, LLCBroker
Voya Financial Advisors, INC.Broker
RBC Capital Markets, LLCBroker
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.