We are committed to maintaining the highest standards of integrity and professionalism in our relationship with you, our client. We endeavor to know and understand your financial situation and provide you with only the highest quality information, services, and products to help you reach your goals.
|Firm Start Year:||2001|
|Insurance License#:||NC 2360031|
|Name of Broker/Dealer:||Folio FN Investments|
|Name of Custodial Firm:||Folio FN Investments|
|States Licensed in:||AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI|
|Number of Years with Current Firm:||15|
|I work with the following types of clients:||Non-Profit Organizations , Businesses , Individual Investors|
|Investment Types:||Bonds , Stocks , Exchange Traded Funds (ETFs) , Insurance , Annuities|
|I can meet clients in the following ways:||At my office , At your home , At your office|
Qualifications & Memberships
|Insurance and Annuity Licenses:||Annuity , Health , Long Term Care , Life|
|Firm's Number of Clients:||over 200|
|Assets Managed by Firm:||34,000,000+|
|Advisor's Number of Clients:||750|
|Assets Managed by Advisor:||26,000,000+|
|Registered Investment Advisor:||Yes|
|Investment Advisor Representative:||Yes|
|I am an acknowledged fiduciary:||Yes|
|Compliance Disclosures in Last 5 years:||I have a clean record|
|Criminal Disclosures in Last 5 years:||I have a clean record|
Compensation and Fees
|Fee Structure:||I am a Fee-Based financial professional|
|Minimum Portfolio Size for New Managed Accounts:||$250,000|
|Compensation Methods:||Based on Assets|
|Fee % Based on Assets:||1|
|Bachelor of Science - Economics||
Liberty University - Lynchburg, Virginia
TOM MCDERMOTT entered the insurance and financial industry in 1988. His desire and passion was to help others prepare for their long term income needs in retirement. He started in the little town of Cookeville, TN and was asked to move to Raleigh, NC a short time later to help with a struggling office. Tom accepted the challenge and turned the office around to be productive in a very short time. As a result of his hard work and his 'putting others first attitude,' he became one of the top five advisors with a national insurance company.
In 1993, Tom decided to go independent. That meant Tom could always put the clients interest in front of a companys interest. This created an even better opportunity for his clients. The independence allowed him to become one of the top advisors in the nation. Tom, in addition to working with clients, also works with agents and advisors around the United States. He has been described as 'The Advisor to the Advisor.'
Tom focuses on staying current with the issues and concerns that plague his clients. He has dedicated himself and his staff to staying current with issues and solutions available to better work with his clients. Tom has a team of attorneys and CPA's at his disposal to help with any legal and tax issue.
Financial Planning for Individuals
Financial Planning is unique to each persons goals and dreams. We use a process to determine the needs, wants and desires of each individual to maximize your assets to meet your planned goals. Whether its for income, growth or legacy we can help you meet your goals.
Financial Planning for Businesses
We have specialized plans and concepts to help businesses provide benefits for their employees. 401K's, executive bonus, buy - sell agreements, and tax efficient plans. We are uniquely positioned to help an employer or self employed business person to save on taxes while growing their retirement accounts.
Our Portfolio is based on strategies to help maximize gains and minimize risk. By using some of the top money managers, we are able to specialize a portfolio to match the risk classification that you are comfortable with. By using Separate Managed Accounts we are able to maximize your gains while keeping fees low.
|Atlantic Beach||Fernandina Beach|
|Ponte Vedra Beach||Saint Augustine|
|Mon.||9:00 AM - 5:00 PM|
|Tue.||9:00 AM - 5:00 PM|
|Wed.||9:00 AM - 5:00 PM|
|Thu.||9:00 AM - 5:00 PM|
|Fri.||9:00 AM - 5:00 PM|