Michael Cavendish
Michael Cavendish is a registered investment advisor at Vandalia Wealth, based in Beckley, WV, with 44 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, High Net Worth, and 4 more. Their firm serves 469 clients with $250M 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 $2.0M | 1.00% |
| $2.0M - $3.0M | 0.85% |
| $3.0M - $4.0M | 0.75% |
| $4M+ | 0.65% |
Fees may be negotiable at the sole discretion of the Advisor. Wealth management may alternatively be charged as a fixed engagement fee ranging from $5,000 to $50,000.
Fee Estimator
Location
101 N. Kanawha St, Suite 301, Beckley, WV, 25801
Get directionsHistory
Regulatory History (1)
Customer Dispute
August 2008Other Business ActivitiesSells Insurance
Michael is an investment committee member for the Beckley Area Foundation, dedicating minimal time. He is also an investment advisor representative for Vandalia Wealth Management, taking up more than full-time hours, and an insurance agent selling various insurance products, dedicating about 10-20% of his time.
Employment History
Current Registrations
Vandalia Wealth
Axxcess Wealth Management, LLC
Previous Registrations
Wells Fargo Clearing Services, LLCBroker
Wells Fargo Clearing Services, LLC
First Union Capital Markets CORP.Broker
State Registrations2 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.
Exams
More Advisors
- Jonathan Dorsey, CFPVandalia Wealth
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- Douglas Lehman, CFPEdward Jones