Stephen Farinacci is a registered investment advisor at Flagstar Advisors, INC., based in New York, NY, with 31 years of industry experience. Stephen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,571 clients with $1.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Flagstar Advisors' Managed Account Program charges an advisory fee, a sponsor fee, and potentially a third-party advisor (TPA) fee if a TPA manages your account.
The advisory fee is a percentage of your portfolio's value and is negotiable:
- Up to $999,999: 1.50% per year
- $1,000,000 - $4,999,999: 1.00% per year
- $5,000,000 - $9,999,999: 0.75% per year
- $10,000,000 - $19,999,999: 0.50% per year
- Above $20,000,000: 0.40% per year
The sponsor fee covers implementation, platform, and administrative costs:
- Up to $499,999: 0.12% per year
- $500,000 - $1,999,999: 0.10% per year
- $2,000,000 - $4,999,999: 0.09% per year
- $5,000,000 - $9,999,999: 0.08% per year
- $10,000,000 - $19,000,000: 0.05% per year
- Above $20,000,000: 0.03% per year
TPA fees range from 0.25% to 1.25% and may or may not be negotiable.
Location
1400 Broadway, 16th Floor, New York, NY, 10018
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Regulatory History
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.
Learn about disclosures →Other Business Activities
Stephen is a Group Director Investments - Senior Vice President at New York Community Bancorp (NYCB), the parent company for Flagstar Advisors, Inc. NYCB may provide compensation to Stephen, including cash bonuses, equity incentives, and/or referral fees, and this activity requires a few hours per week.
Employment History
Current Registrations
Flagstar Advisors, INC.
Flagstar AdvisorsBroker
Previous Registrations
Flagstar Advisors, INC.
Hsbc Securities (USA) INC.
Hsbc Securities (USA) INC.Broker
Dreyfus Service Corporation
Dreyfus Service CorporationBroker
Quick & Reilly, INC.Broker
H&r Block Financial Advisors, INC.Broker
International Capital Growth LLCBroker
Dalton Kent Securities Group, INC.Broker
Gruntal & CO., L.L.C.Broker
Bluestone Capital Partners, L.P.Broker
Nichols, Safina, Lerner & CO. INC.Broker
Gruntal & CO. IncorporatedBroker
State Registrations15 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.