Advisor at Fulcrum Wealth Systems, LLC
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Firm
Fulcrum Wealth Systems, LLC
Location
Ponte Vedra Beach, FL
Credentials
Series 65
Industry experience
15 years
Thomas Mcdermott is a financial advisor at Fulcrum Wealth Systems, LLC with 15 years of industry experience. He holds a Series 65 designation and has worked at several firms, including Foundations Investment Advisors, Carroll Financial Associates, and Prosperity Capital Group. In addition to his advisory role, he operates a fixed insurance business selling life, health, annuities, and long-term care products. Fulcrum Wealth Systems, LLC is a state-registered investment adviser providing discretionary asset management and portfolio monitoring for individuals, high-net-worth clients, trusts, business owners, and estates. The firm employs a blend of fundamental, technical, and cyclical analysis combined with Modern Portfolio Theory, tailoring strategies to client goals and risk tolerance, and utilizes options strategies separately from core portfolios.
$0 - $199,999: 1.25% annually $200,000 - $499,999: 1.20% annually $500,000 - $999,999: 1.10% annually $1,000,000 - $1,999,999: 1.00% annually $2,000,000+: 0.90% annually
Separate compensation earned from insurance product sales by the advisor as licensed insurance agent
Fee-only: Annual fees tiered by asset level as above; no commissions on advisory fees
Ponte Vedra Beach, FL
Florida · North Carolina
Fulcrum Wealth Systems, LLC
2023 - Present (3 years)
Foundations Investment Advisors, LLC
2022 - 2023 (1 year)
Carroll Financial Associates Inc
2019 - 2020 (1 year)
Asset Protectors & Advisors of FL Inc.
2014 - Present (12 years)
Prosperity Capital Group Inc
2009 - 2019 (10 years)
Prosperity Software Solutions Inc.
2006 - 2017 (11 years)
Self employed
1988 - Present (38 years)
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Lawyer
They provide legal services, typically billed separately.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Verified by Warmer
Series 66, Series 7
St. Johns, FL
FIFTH THIRD SECURITIES, Inc.
As a financial advisor, Jacob's philosophy is rooted in building lasting relationships based on trust, integrity, and personalized service. Taking a holistic approach to financial planning, Jacob understands each client has unique goals and circumstances. This provides the opportunity to create tailored solutions that align with clients' long-term objectives. Jacob's commitment is to serve as a dedicated partner in clients' financial journeys, working tirelessly towards their prosperity and peace of mind. He has worked at Fifth Third Bank and Fifth Third Securities since 2024, with prior roles at Cetera Investment Advisors LLC and Regions Bank. Fifth Third Securities provides brokerage and investment advisory services through its Passageway Managed Account Program to individuals, charitable organizations, corporate clients, and institutional investors. The firm offers multiple discretionary managed-account programs and features such as direct indexing and tax-overlay services, operating as a wholly-owned subsidiary of Fifth Third Bank.
CFP®, Series 63, Series 65
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CFP®
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CFP®, Series 63, Series 65
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