Dmk Advisor Group, Inc

CRD#41067
Investment Advisor and Brokerage Firm

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Learn more about Dmk Advisor Group, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Dmk Advisor Group, Inc is located at 17961 Hunting Bow Circle, Lutz, FL. The firm employs 28 financial advisors. Dmk Advisor Group, Inc is a registered broker-dealer.

    The firm manages $84.5 million in assets under management across 469 accounts, all of which are discretionary. Services offered include financial planning services and portfolio management for individuals and small businesses. The firm works with retail investors and high net worth investors, with retail investors representing the largest client type by accounts. Dmk Advisor Group, Inc has 82 high net worth clients. The fee structure includes asset-based and fixed fees. The firm maintains an affiliation with a broker-dealer or securities dealer.

    Dmk Advisor Group, Inc is registered in the states of Alaska, Arizona, California, Colorado, Connecticut, Florida, Georgia, Kansas, Louisiana, Maine, Maryland, Michigan, Minnesota, Nebraska, New York, Ohio, Oregon, South Carolina, South Dakota, Tennessee, Utah, Virginia, Missouri, Washington, Texas, and New Hampshire.

    Assets Under Management

    $84.5 million

    Number of Advisors

    28

    Disclosures

    No

    Office Location

    17961 Hunting Bow Circle
    Lutz, FL 33558

    Dmk Advisor Group, Inc by the Numbers

    Total Assets Under Management

    $84.5 million

    National Average: $8.6 billion
    Total Number of Employees

    42

    National Average: 64
    Total Number of Accounts

    469

    National Average: 375,227
    Average Account Size

    $180.1 thousand

    National Average: $23.0 thousand
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    Products and Services

    Services that Dmk Advisor Group, Inc offers include financial planning services and portfolio management for individuals and small businesses. Notably, it did not provide any of its clients with financial planning services in the previous fiscal year. Dmk Advisor Group, Inc does not sell products or offer services aside from investment advice to its investment advisory customers. It is affiliated with one or more 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 advice usually depend on which service is provided. However, fees charged by Dmk Advisor Group, Inc can consist of some combination of the following fee structures: asset-based and fixed. The company participates in a wrap fee program, in which the company offers a service bundle for a single fee.The firm has the ability to withdraw the charges directly from client accounts.

    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 works with retail investors and high net worth investors. Out of its 469 clients, Dmk Advisor Group, Inc's biggest client by number of accounts is retail investors, but it also serves 82 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 27.52%
    • Other Individuals - 72.48%
    • 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

    Ruben Rodriguez-Dominguez
    Lutz, FL
    Melissa Wagner
    Lutz, FL
    Ryan Muller
    Lutz, FL
    Peter Wyrough
    Annapolis, MD
    Stephen Westveer
    Lutz, FL
    Michael Blackmore
    Lutz, FL
    Christine Cagle
    Excelsior Springs, MO
    Kelvin Douglas
    Mcminnville, TN
    John Ohman
    Pelican Rapids, MN

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