Thomas Payant
Thomas Payant is a registered investment advisor at Osaic Wealth, INC., based in Sarasota, FL, with 48 years of industry experience. Thomas is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Education Planning, Estate Planning, and 5 more. Their firm serves 575,512 clients with $230B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers several investment management programs where fees are charged as an annual percentage of your portfolio, typically billed monthly or quarterly. Because individual financial professionals negotiate their own fee schedules and programs vary by platform, exact rates depend on the specific account type and manager selected.
- Advisor Managed Portfolios and Unified Managed Account Programs — Fees vary based on negotiations with your financial professional and the specific asset allocation models or third-party managers chosen.
- Plan Participant Retirement Program — Annual management fees charge up to 3.00% of your account assets, structured as a fixed percentage or a tiered fee schedule.
- Program Annuities — Annual advisory fees for managing outside annuities will not exceed 1.50% of program assets for new accounts.
Account minimums vary widely by program, ranging from $5,500 to $10,000 for certain automated or platform accounts, while other programs depend on the specific investment product or third-party manager.
Location
6901 Professional Parkway, Suite 104, Sarasota, FL, 34240
Get directionsHistory
Regulatory History (5)
Customer Dispute
February 2022Employment Separation After Allegations
November 2006Customer Dispute
September 2006Customer Dispute
June 2003Customer Dispute
April 2003Other Business ActivitiesSells Insurance
Thomas is the owner/investment advisor representative at Payant Wealth Management Group, dedicating full-time hours to financial and tax planning, asset allocation, and investment management. He also owns Payant Insurance Solutions LLC, an agency that sells Medicare supplement insurance, and discusses fixed & permanent life insurance, fixed annuities, and long-term care insurance with clients, spending a few hours per week on these activities.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Sagepoint Financial, INC.Broker
Payant Wealth Management Group
Raymond James Financial Services, INC.Broker
American Planning Services, INC.Broker
Travelers Equities Sales, INC.Broker
Cg Equity Sales CompanyBroker
State Registrations39 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
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