Michael Welger
Michael Welger is a registered investment advisor at Cornerstone Professional Advisor Services, LLC, based in Freehold, NJ, with 42 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Insurance Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 340 clients with $89M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1.0M | 1.25% |
| $1.0M - $2.0M | 1.00% |
| $2.0M - $3.0M | 0.75% |
| $3.0M - $5.0M | 0.50% |
| $5M+ | 0.35% |
Fee Estimator
Location
31 Schanck Road, Suite D, Freehold, NJ, 07728
Get directionsHistory
Regulatory History (3)
Judgment / Lien
May 2024Judgment / Lien
April 2022Judgment / Lien
September 2021Other Business ActivitiesSells Insurance
Michael is the president of Innovative Financial Concepts, selling life and health insurance, dedicating about half of his time to this. He is also a co-trustee for a retirement trust, an administrator/advisor for International Health, and an advisor for NY Peticare, a pet rescue/adoption organization.
Employment History
Current Registrations
Cornerstone Professional Advisor Services, LLC
Stonex Securities INC.Broker
Previous Registrations
Sterne Agee Investment Advisor Services, INC.
Sterne Agee Investment Advisor Services, INC.
Wrp Investments, INC.Broker
NFP Securities, INC.Broker
NFP Securities, INC.
Cadaret Grant & CO INC
Cadaret, Grant & CO., INC.Broker
American Portfolios Advisors, INC
American Portfolios Financial Services, INC.Broker
Froehlich Financial Group, LTD.
First Montauk Securities CORP.Broker
The Investment Center, INC.Broker
Guardian Investor Services CorporationBroker
Sg Equities CorporationBroker
Investment Distributors INC.Broker
W. S. Griffith & CO., INC.Broker
Nathan & Lewis Securities, INC.Broker
Home Life Insurance CompanyBroker
State Registrations6 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.