Donald Terns
Donald Terns is a CFP-designated registered investment advisor at Spc, based in Ann Arbor, MI, with 44 years of industry experience. Donald 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 30,881 clients with $5.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
SPC offers investment management through the SIGMA Managed Account program. Clients pay an annual account management fee based on a percentage of their account assets. The fee includes a program fee and the IAR's compensation. For example, if your account AUM is $1,500,000, the first $500,000 is billed at 2.50%, the next $250,000 at 1.75%, the next $250,000 at 1.50%, and the remaining $500,000 at 1.25%. The maximum annual advisory fee is 2.5%. The program fee is 0.15% on all assets. There is a $30 minimum annual program fee.
SPC also offers direct-at-fund programs where clients pay an annual asset-based investment management fee of 0.5%.
Location
300 Parkland Plaza, Ann Arbor, MI, 48103
Get directionsHistory
Regulatory History (2)
Customer Dispute
November 1999Customer Dispute
August 1998Other Business ActivitiesSells Insurance
Donald sells various insurance products through multiple insurance companies. He also serves as a FIB Director for the Fonda, Island, Briggs Lake Water Board, dedicating minimal time each month.
Employment History
Current Registrations
Spc
Sigma Financial CorporationBroker
Previous Registrations
Apex Capital, L.L.C.Broker
East - West Capital CorporationBroker
Horizons International CorporationBroker
Security Service CorporationBroker
Pennsylvania Securities CompanyBroker
State Registrations12 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.