Michael Sackstein
Michael Sackstein is a registered investment advisor at Osaic Institutions, INC., based in Commack, NY, with 25 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Retirement Planning. Their firm serves 7,211 clients with $4B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Fees for customized advisory services are based on the value of your portfolio and are negotiable. The maximum advisory fee is 2.50%. You may pay monthly or quarterly account fees, either in advance or after the service is provided. These fees are directly deducted from your account. If you invest in mutual funds or ETFs, you'll pay advisory fees to both the fund manager and Osaic Institutions. If the custom advisory services apply to annuities for which the advisor receives trail compensation, such trail fees generally will be used to offset the advisory fee.
Location
Commack, NY
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Regulatory History (2)
Customer Dispute
January 2004Customer Dispute
January 2000Employment History
Current Registrations
Osaic Institutions, INC.Broker
Osaic Wealth, INC.
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
American Portfolios Advisors, INC
American Portfolios Financial Services, INC.Broker
Cabot Lodge Securities LLCBroker
E*trade Clearing LLCBroker
Ehrenkrantz King Nussbaum, INC.Broker
Ehrenkrantz King NussbaumBroker
Weatherly Securities CorporationBroker
Tasin & Company, INC.Broker
Alex Moore & Company, INC.Broker
H G IBroker
Royce Investment Group, INC.Broker
Stratton Oakmont INC.Broker
State Registrations41 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.