David Thomas
David Thomas is a ChFC-designated registered investment advisor at Osaic Wealth, INC., based in Bloomfield Hills, MI, with 47 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
33 Bloomfield Hills Parkway, Suite 200, Bloomfield Hills, MI, 48304
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Regulatory History (1)
Customer Dispute
April 2012Other Business ActivitiesSells Insurance
David promotes and sells life insurance products through Thomas Financial Company LLC, dedicating about 10-20% of his time. He also provides estate planning services through Thomas Financial Co and investment advisory services through FSC Corporate RIA, and is president of Alliance for Racial Harmony.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Fsc Securities Corporation
Fsc Securities CorporationBroker
River Capital Markets, LLCBroker
Lincoln Financial Advisors CorporationBroker
Cigna Financial Advisors,inc.Broker
State Registrations4 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.