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Serafino Maiorano

35 Years of Experience
Brooklyn, NY
1 DisclosureBrokerSells Insurance

Serafino Maiorano is a registered investment advisor at Osaic Wealth, INC., based in Brooklyn, NY, with 35 years of industry experience. Serafino 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
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
9240 advisors
Number of Clients
575,512 clients
Average Client Portfolio
$408K average
Assets Under Management
$234.9B

Fee Structure

Minimum Investment:$5.5K
Planning is included in investment management (also available separately)

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.

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Location

8754 Bay 16th Street, Brooklyn, NY, 11214

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History

Regulatory History (1)
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Customer Dispute
October 2006
Denied
Other Business ActivitiesSells Insurance

Serafino is a statutory agent for Maiorano & Associates Inc. and sells fixed life, health, disability, and long-term care insurance, dedicating a few hours per week. Serafino also owns Maiorano & Associates Inc. and spends about 10-20% of his time on tax preparation.

Employment History
Current Registrations
Osaic Wealth, INC.
April 2021 - Present · 5 yrs 6 mos
Osaic Wealth, INC.Broker
December 2002 - Present · 23 yrs 10 mos
Previous Registrations
Asset & Financial Planning, LTD
October 2002 - December 2002 · 2 mos
Prime Capital Services, INC.Broker
January 1999 - December 2002 · 3 yrs 11 mos
Royal Alliance Associates, INC.Broker
September 1991 - January 1999 · 7 yrs 4 mos
State Registrations30 states
ALAZCACOCTDCDEFLGAILINLAMAMDNCNENJNMNVNYOHPAPRRISCTNTXVAVTWA
AdvisorBrokerBoth

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
No exam information available for this advisor.
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