Reema Patel is a CFP-designated registered investment advisor at Councilor Wealth LLC, based in Bloomfield, NJ, with 2 years of industry experience. Reema operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, High Net Worth, Insurance Planning, and 3 more. Their firm serves 197 clients with $320M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $750K | 0.90% |
| $750K - $1.3M | 0.90% |
| $1.3M - $2.5M | 0.80% |
| $2.5M - $3.8M | 0.70% |
| $3.8M - $5.0M | 0.60% |
| $5.0M - $10.0M | 0.50% |
| $10M+ | 0.50% |
Fees for accounts under $750,000 and over $10,000,000 are negotiable.
Fee Estimator
Location
Bloomfield, NJ
Get directionsHistory
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.
Learn about disclosures →Other Business Activities
Reema provides accounting services for tax, audit, and advisory matters at CBM, the parent company of MBI. She also receives referral commissions for new clients brought to CBM for the first two years.
Employment History
Current Registrations
Councilor Wealth LLC
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.
Exams
More Advisors
- Daniel Simonds, CFPContrary Investment Advisors
- Diane Smith, ChFCState Farm Investment Management CORP.
- Giovanni Gambino, CFPInner Circle Platinum Advisors LLC