Derrick Mims
Derrick Mims is a registered investment advisor at Simplicity Wealth, based in Summit, NJ, with 12 years of industry experience. Derrick operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 5,619 clients with $3.6B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Simplicity Wealth's fees are based on a percentage of your assets under management, ranging from 0.10% to 2.00%. The specific fee depends on the services selected by your advisor. The fees cover investment management, research, monitoring, and other operational services. Additional fees may include model manager fees, custodial fees, and transaction fees. Simplicity Wealth also offers proprietary model portfolios.
Location
475 Springfield Ave., Suite #1, Summit, NJ, 07901
Get directionsHistory
Regulatory History (1)
Criminal
February 1991Other Business ActivitiesSells Insurance
Derrick is a managing member of Turning Point Financial/Turnstart Wealth LLC, dedicating about half his time. He is also a registered representative with The Leaders Group and a registered insurance agent, spending a few hours per week on fixed insurance business.
Employment History
Current Registrations
Simplicity Wealth
The Leaders Group, INC.
The Leaders Group, INC.Broker
Previous Registrations
Planmember Securities Corporation
Planmember Securities 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.