Michael Norton
Michael Norton is a registered investment advisor at Spirit of America Management CORP, based in Syosset, NY, with 29 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management. Their firm serves 21 clients with $540M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
SOA Premier Assets manages investments through a wrap fee program. You'll pay an annual bundled fee that covers investment advice, introducing brokerage services from DLA, and clearing, custody, and execution services from RBC. The fee is based on the amount of cash and securities managed.
The annual wrap fee is:
- $25,000 – $99,999: 1.67%
- $100,000 – $499,999: 1.62%
- $500,000 – $999,999: 1.52%
- $1,000,000 – $2,499,999: 1.40%
- $2,500,000 and Over: 1.25%
The wrap fee is negotiable.
Location
477 Jericho Turnpike, Syosset, NY, 11791-9006
Get directionsHistory
Regulatory History (9)
Customer Dispute
March 2024Customer Dispute
September 2021Customer Dispute
July 2019Customer Dispute
August 2018Customer Dispute
January 2018Customer Dispute
May 2016Customer Dispute
October 2013Customer Dispute
May 2013Customer Dispute
November 2012Employment History
Current Registrations
Spirit of America Management CORP
David Lerner Associates, INC.Broker
Previous Registrations
Meyers Pollock Robbins, INC.Broker
Marlowe & CompanyBroker
State Registrations29 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.