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Michael Nigris

31 Years of Experience
Garden City, NY
1 DisclosureBroker

Michael Nigris is a registered investment advisor at Osaic Wealth, INC., based in Garden City, NY, with 31 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
9246 advisors
Number of Clients
574,829 clients
Average Client Portfolio
$348K average
Assets Under Management
$200.3B

Fee Structure

Minimum Investment:$5.5K

Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.

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Location

390 Old Country Road, 2nd Floor, Garden City, NY, 11530

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History

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
November 2003
Settled
Employment History
Current Registrations
Osaic Wealth, INC.
January 2024 - Present · 2 yrs 4 mos
Osaic Wealth, INC.Broker
January 2024 - Present · 2 yrs 4 mos
Previous Registrations
LPL Financial LLC
December 2021 - January 2024 · 2 yrs 1 mo
LPL Financial LLCBroker
December 2021 - January 2024 · 2 yrs 1 mo
Royal Alliance Associates, INC.
July 2004 - December 2021 · 17 yrs 5 mos
Royal Alliance Associates, INC.Broker
May 2004 - December 2021 · 17 yrs 7 mos
Morgan Stanley Dw INC.Broker
January 2000 - May 2004 · 4 yrs 4 mos
Prudential Securities IncorporatedBroker
July 1994 - January 2000 · 5 yrs 6 mos
State Registrations3 states
MANJNY
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.
Michael Nigris - Financial Advisor | TrueAdvisor