MB
CFP
MB
CFP
Mike Berman
34 Years of Experience
New York, NY
1 DisclosureBroker
Mike Berman is a CFP-designated registered investment advisor at Wells Fargo Advisors, based in New York, NY, with 34 years of industry experience. Their practice areas include Business Owners, Divorce Planning, Education Planning, Financial Planning & Coaching, and 2 more. Their firm serves 1,327,695 clients with $610B in assets under management.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
14703 advisors
IM Fee
Planning only
Assets Under Management
$606.0B
Fee Structure
Minimum Investment:$250K
- Cash Flow Analysis — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Education Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Retirement Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Risk Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Wealth Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Divorce Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Special Needs Analysis — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Sports & Entertainment — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Business Owner Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
The total fee per engagement can range up to $5,000 for clients with a net worth of $250,000 to $500,000, up to $12,500 for clients with a net worth over $500,000 to $1,000,000, and up to $25,000 for clients with a net worth over $1,000,000. Fees are subject to negotiation and may vary.
One-Time Plan:Up to $25,000
Loading...
Location
767 5th Ave 33rd Fl, [Y5-Rbo], New York, NY, 10153
Get directionsHistory
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
April 2002Settled
Employment History
Current Registrations
Wells Fargo Advisors
January 2020 - Present · 6 yrs 4 mos
Wells Fargo Clearing Services, LLCBroker
January 2020 - Present · 6 yrs 4 mos
Previous Registrations
Morgan Stanley
May 2011 - February 2020 · 8 yrs 9 mos
Morgan StanleyBroker
May 2011 - February 2020 · 8 yrs 9 mos
Chase Investment Services CORP.
August 1997 - May 2011 · 13 yrs 9 mos
Chase Investment Services CORP.Broker
September 1996 - May 2011 · 14 yrs 8 mos
Chemical Investment Services CORP.Broker
August 1994 - September 1996 · 2 yrs 1 mo
Liberty Securities CorporationBroker
April 1994 - August 1994 · 4 mos
Citicorp Investment ServicesBroker
April 1993 - April 1994 · 1 yr
Gruntal & CO. IncorporatedBroker
June 1992 - March 1993 · 9 mos
Lehman Brothers INC.Broker
January 1992 - June 1992 · 5 mos
State Registrations17 states
CACOCTFLIDINKSNCNHNJNYORPASCTXVAWY
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.