MS
ChFC
MS
ChFC

Michael Salerno

33 Years of Experience
Flemington, NJ
BrokerSells Insurance

Michael Salerno is a ChFC-designated registered investment advisor at Raymond James Financial Services Advisors, INC, based in Flemington, NJ, with 33 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 Business Owners, Education Planning, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 508,439 clients with $390B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
6724 advisors
Number of Clients
508,439 clients
Average Client Portfolio
$767K average
Assets Under Management
$390.0B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Maximum annual fee percentage is 2.25% of assets under advisement. Specific fees are negotiable with your financial advisor based on time, complexity, and portfolio size.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location

24 Mine St, Suite 1B, Flemington, NJ, 08822

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Michael is an insurance agent since 1992, selling life, disability, fixed annuities, and long-term care insurance, dedicating about a quarter of his time to this activity. He is also a self-employed musician.

Employment History
Current Registrations
Raymond James Financial Services, INC.Broker
October 2025 - Present · 1 yr
Previous Registrations
Commonwealth Financial NetworkBroker
September 2011 - October 2025 · 14 yrs 1 mo
Commonwealth Financial Network
September 2011 - October 2025 · 14 yrs 1 mo
On Investment Management CO
March 2006 - September 2011 · 5 yrs 6 mos
The O.N. Equity Sales CompanyBroker
March 2006 - September 2011 · 5 yrs 6 mos
Park Avenue Securities LLCBroker
May 1999 - April 2006 · 6 yrs 11 mos
Guardian Investor Services CorporationBroker
July 1996 - May 1999 · 2 yrs 10 mos
New England SecuritiesBroker
February 1993 - April 1996 · 3 yrs 2 mos
State Registrations13 states
AZCADEFLGANCNJNYPASCTNTXVA
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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