Michael Camferdam
Michael Camferdam is a CFP-designated registered investment advisor at Osaic Wealth, INC., based in Pensacola, FL, with 40 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Education Planning, Estate Planning, and 5 more. Their firm serves 575,512 clients with $230B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers several investment management programs where fees are charged as an annual percentage of your portfolio, typically billed monthly or quarterly. Because individual financial professionals negotiate their own fee schedules and programs vary by platform, exact rates depend on the specific account type and manager selected.
- Advisor Managed Portfolios and Unified Managed Account Programs — Fees vary based on negotiations with your financial professional and the specific asset allocation models or third-party managers chosen.
- Plan Participant Retirement Program — Annual management fees charge up to 3.00% of your account assets, structured as a fixed percentage or a tiered fee schedule.
- Program Annuities — Annual advisory fees for managing outside annuities will not exceed 1.50% of program assets for new accounts.
Account minimums vary widely by program, ranging from $5,500 to $10,000 for certain automated or platform accounts, while other programs depend on the specific investment product or third-party manager.
Location
6108 Village Oaks Dr, Pensacola, FL, 32504
Get directionsHistory
Regulatory History (28)
Financial
February 2018Customer Dispute
July 2012Customer Dispute
April 2012Customer Dispute
May 2011Customer Dispute
November 2010Customer Dispute
August 2010Customer Dispute
July 2010Customer Dispute
June 2010Customer Dispute
June 2010Customer Dispute
November 2009Customer Dispute
August 2009Customer Dispute
August 2009Customer Dispute
August 2009Customer Dispute
July 2009Customer Dispute
July 2009Customer Dispute
July 2009Customer Dispute
July 2009Customer Dispute
June 2009Customer Dispute
June 2009Customer Dispute
June 2009Customer Dispute
December 2008Customer Dispute
October 2008Customer Dispute
April 2008Customer Dispute
March 2008Customer Dispute
January 2008Customer Dispute
January 2008Customer Dispute
December 2007Customer Dispute
November 2007Other Business ActivitiesSells Insurance
Michael is an Investment Advisor Representative (IAR) with Royal Alliance since 2013, dedicating about a quarter of his time. He also owns a sole proprietorship for crop planting and harvesting, and another entity, First Charter Investments, to manage business expenses. Additionally, Michael provides clients with information on fixed annuities and life insurance products, dedicating minimal time to this activity.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Raymond James & Associates, INC.
Raymond James & Associates, INC.Broker
Morgan Keegan & Company, INC.
Morgan Keegan & Company, INC.Broker
Regions Investment Company, INC.Broker
Eden Financial Funds Group, INC.Broker
Great Western Financial Securities CorporationBroker
Integrated Resources Equity CorporationBroker
Shearson Lehman Brothers INC.Broker
The Robinson-Humphrey Company INC.Broker
State Registrations7 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
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