Michael Gorman is a registered investment advisor at Vanderbilt Advisory Services, based in Woodbury, NY, with 55 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, High Net Worth, Investment Management, and 2 more. Their firm serves 6,470 clients with $2.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
VAS offers investment management through its Managed Account Program and VFG Tactical Model Portfolios. Fees are based on assets under management and can be structured as a flat annual fee, flat percentage, threshold billing, or tiered billing. The specific fee structure is outlined in the Investment Advisory Agreement.
VAS also uses Betterment for Advisors, where fees range from 0.12% to 0.25% of account balances, charged monthly or quarterly. VAS also charges an advisory fee on top of the Betterment fee.
Location
125 Froehlich Farm Blvd., Woodbury, NY, 11797
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Michael is the President of ANTAX Consulting Corp, providing tax consulting services, dedicating nearly full-time hours. He is also the Vice President of the Robert & Nancy Brooks Foundation, a non-compensated role for a tax client's private foundation, requiring minimal time.
Employment History
Current Registrations
Vanderbilt Advisory Services
Vanderbilt Securities, LLCBroker
Previous Registrations
North Ridge Securities CORP.Broker
North Ridge Securities CORP.Broker
Remit Securities, LTD.Broker
Jaron Equities CORP.Broker
Zenith American Securities CorporationBroker
Wall Street Investors, INC.Broker
Mayflower Securities CO., INC.Broker
State Registrations3 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.