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Financial Advisor   

$50MM AUM | $360,000 GDC in Wilmington, NC

Member Level
Basic
Last Activity
6 months or more

Business Mix:

0% Comm
100% Fee

General

Location
Wilmington, NC, US
12 Month Gross Revenue
$360,000
Number of Accounts
1
Avg Client Age
30

Overview

RIA with one client, a closed-end mutual fund that invests in/purchases small balance commercial real estate loans. It is somewhat similar to REIT. The parent is a national bank looking to divest its interest by either transferring ownership at no cost, or finding a replacement RIA to take over the Fund's advisory contract.

The IA fee the Fund is authorized to pay is 1.75%. There is a cap until 1/1/18 that is limiting the current fee to about 0.75%.

 
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