Michael Baumann
Michael Baumann is a registered investment advisor at Impact Partnership Wealth, LLC, based in Melbourne, FL, with 16 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Financial Planning & Coaching, Investment Management, Retirement Planning, and 1 more. Their firm serves 5,181 clients with $1.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
IPW charges a percentage of your portfolio annually for investment management. The exact percentage can vary depending on the advisor you work with, up to a maximum of 1.65%. The fee includes IPW's compensation and sometimes a portion for the model portfolio manager. Cash in a model portfolio is included in the billing, but non-modelized cash is not billed for investment advisory fees.
Location
2351 W Eau Gallie Blvd, Ste 1, Melbourne, FL, 32935
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Regulatory History (1)
Customer Dispute
April 2023Other Business ActivitiesSells Insurance
Michael is a director at Honor Financial Group, Inc., a holding company, but dedicates minimal time to it. He is also an insurance agent at Honor Insurance Group LLC, selling various insurance products, which takes nearly full-time.
Employment History
Current Registrations
Impact Partnership Wealth, LLC
Previous Registrations
Honor Investment Group, LLC
Brookstone Capital Management LLC
State Registrations1 state
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.