Michael Finer is a CFP-designated registered investment advisor at Finer Wealth Management, INC., based in Salem, MA, with 21 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, Charitable Giving, Education Planning, Estate Planning, and 6 more. Their firm serves 277 clients with $310M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $2.0M | 1.00% |
| $2.0M - $5.0M | 0.75% |
| $5.0M - $10.0M | 0.60% |
| $10M+ | 0.50% |
Fees are negotiable based on military service, future earning capacity, anticipated asset growth, account composition, or relationship history. Accounts under $500,000 are charged 1.50%. Wealth management services with bundled planning use a higher schedule starting at 1.50% for the first $2,000,000.
Fee Estimator
Location
530 Loring Ave, Suite 302, Salem, MA, 01970
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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
Michael is the President and a Certified Public Accountant at Finer Financial & Tax, Inc. since 1995.
Employment History
Current Registrations
Finer Wealth Management, INC.
State Registrations4 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.
Exams
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