TrueAdvisor
TrueAdvisor
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CFP · ChFC
MM
CFP · ChFC

Michael Magnani

Commonwealth Financial Network
36 Years of Experience
Pleasantville, NY
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Magnani is a CFP, ChFC-designated registered investment advisor at Commonwealth Financial Network, based in Pleasantville, NY, with 36 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, Business Owners, Charitable Giving, and 10 more. Their firm serves 360,488 clients with $210B in assets under management.

Commonwealth Financial Network
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
2904 advisors
Number of Clients
360,488 clients
Average Client Portfolio
$590K average
Assets Under Management
$212.7B

Fee Structure

Minimum Investment:$25K
Planning is included in investment management (also available separately)
Minimum Annual Fee:$600
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $750K2.25%
$750K - $1.0M2.00%
$1.0M - $2.0M1.75%
$2M+1.50%

Fees are negotiable. Schedule represents maximum allowable annual management fees for PPS Custom programs. Other programs like PPS Select and PPS Direct have separate advisor and program fee schedules.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

427 Bedford Road, Suite 310, Pleasantville, NY, 10570

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
November 2011
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is the President and Co-Owner of Amatuzzo, Magnani & Associates, LLC, operating as Clear Path Private Wealth, to facilitate securities, advisory, and insurance business, dedicating about 10% of his time. He also engages in fixed insurance sales as an agent under Clear Path Private Wealth, spending minimal time on this activity.

Employment History
Current Registrations
Commonwealth Financial Network
June 2021 - Present · 5 yrs 4 mos
Commonwealth Financial Network
July 2018 - Present · 8 yrs 3 mos
Commonwealth Financial NetworkBroker
July 2018 - Present · 8 yrs 3 mos
Previous Registrations
Ameriprise Financial Services, INC.
October 2006 - July 2018 · 11 yrs 9 mos
Ameriprise Financial Services, INC.Broker
August 1990 - July 2018 · 27 yrs 11 mos
Ids Life Insurance CompanyBroker
August 1990 - July 2006 · 15 yrs 11 mos
State Registrations23 states
AZCACOCTDCDEFLGAMAMDMTNCNJNVNYORPARISCTXVAVTWI
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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