Dmk Advisor Group, Inc

CRD#41067
Investment Advisor Firm

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Overview

Dmk Advisor Group, Inc is a financial advisor company headquartered in Lutz, Florida. The company handles $61.9 million in assets under management across 436 customer accounts. The company has an average-sized team, including 35 financial advisors. Dmk Advisor Group, Inc is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like options, bonds and equities.

Dmk Advisor Group, Inc oversees 413 of its accounts in a discretionary manner. Discretionary management means that a portfolio manager makes transaction judgments for the client's account without needing client authorization. The firm also administers 23 non-discretionary accounts totaling $5.2 million in AUM. The investment advisory firm manages about $142,045 in assets for each customer account. An average financial advisor at Dmk Advisor Group, Inc manages around 12 client accounts, making it one of the more personalized firms in the country.

The company's main office is at 17961 Hunting Bow Circle, Lutz, Florida 33558. The firm is legally registered to serve investors across 21 U.S. states and territories.

Assets Under Management

$61.9 million

Number of Advisors

35

Disclosures

No

Office Location

17961 Hunting Bow Circle
Lutz, FL 33558

Dmk Advisor Group, Inc by the Numbers

Total Assets Under Management

$61.9 million

National Average: $8.6 billion
Total Number of Employees

42

National Average: 64
Total Number of Accounts

436

National Average: 375,227
Average Account Size

$142.0 thousand

National Average: $23.0 thousand
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Products and Services

Services provided by Dmk Advisor Group, Inc can include financial planning services and portfolio management for individuals and small businesses. In the last financial year, Dmk Advisor Group, Inc provided financial planning services to 1-10 of its customers. It does not sell products or offer services aside from investment advisory services to its investment advisory clients. The firm is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer.

Core Advisor Services

  • Offered by 31% of firms

    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 46% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

  • Find a firm that offers this service

    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

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Fee Structure

Fees for financial management usually are based on the services provided. However, fees billed by the company can include some combination of the following fee structures: asset-based or fixed. Dmk Advisor Group, Inc does participate in a wrap fee program, in which the company offers a bundle of services for a comprehensive fee.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 32% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 26% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

It caters to retail investors and high net worth investors. Out of its 436 accounts, Dmk Advisor Group, Inc's largest client type is retail investors, but it also manages money for nine high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 2.06%
  • Other Individuals - 97.94%
  • Corporations - 0%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Dmk Advisor Group, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Dmk Advisor Group, Inc

Peter Wyrough
Annapolis, MD
Natalie Neaton
Englewood, CO
Timothy Canfield
Denver, CO
William Norton
Lutz, FL
Melissa Wagner
Lutz, FL
Michael Blackmore
Kearney, MO
Christine Cagle
Excelsior Springs, MO
Kelvin Douglas
Mcminnville, TN

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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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