Michael Schmidt is a CFA-designated registered investment advisor at Avalon, based in west palm beach, FL, with 8 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, High Net Worth, Insurance Planning, and 3 more. Their firm serves 45 clients with $24M in assets under management.
Compensation
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Fee Structure
Avalon offers various investment models with different fee structures. Here's a summary of how the fees work:
For most models, the fee is a percentage of your portfolio, and the rate decreases as your portfolio grows. For example, the Core 4 RS Model charges 1.90% on the first $500K, dropping to 0.60% for amounts over $10 million.
Some models, like the Dynamically Hedged Sector RS Model, Options Model, Commodity – Individual Stock Model, and Ultra Volatility-Resistant (UVRM) Model, also include a performance-based fee, which is a percentage of the profits earned above a certain benchmark.
There is also a flat fee option of 1.50% of assets managed that can be agreed upon by the client and Avalon.
Location
west palm beach, FL
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Current Registrations
Avalon
Previous Registrations
Coastal Asset Management
State Registrations3 states
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