Charles Palma
Charles Palma is a ChFC-designated registered investment advisor at Park Avenue Securities LLC, based in Melville, NY, with 30 years of industry experience. Charles operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Financial Planning & Coaching, Retirement Planning. Their firm serves 71,074 clients with $15B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Park Avenue Securities (PAS) offers investment management through various programs. Some programs charge an all-inclusive bundled fee based on the value of your investments. This fee covers investment advice, trading, and other administrative costs. Fees vary depending on the specific program you choose. PAS also offers a digital advisory program called VestWise with a lower fee structure. PAS representatives are compensated for servicing your accounts, and this compensation may be more than if you paid separately for investment advice and brokerage services.
Location
225 Broadhollow Road, Suite 105, Melville, NY, 11747
Get directionsHistory
Regulatory History (2)
Employment Separation After Allegations
February 2011Customer Dispute
April 2010Other Business ActivitiesSells Insurance
Charles assists clients with health insurance needs and Medicare planning, dedicating minimal time to each. He is also involved with Evergreen Planning LLC and Ins Med insurance, spending about a quarter of his time on Evergreen Planning LLC and a few hours per week on Ins Med insurance.
Employment History
Current Registrations
Park Avenue Securities LLC
Park Avenue Securities LLC
Park Avenue Securities LLCBroker
Previous Registrations
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
Northwestern Mutual Investment Services, LLCBroker
Robert W. Baird & CO. IncorporatedBroker
State Registrations16 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.