Michael Schwartz
Michael Schwartz is a CFP-designated registered investment advisor at Ameriprise Financial Services, LLC, based in New York, 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 Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.
Location
777 Third Avenue, 20th Floor, New York, NY, 10017-1401
Get directionsHistory
Regulatory History (2)
Customer Dispute
December 2024Customer Dispute
August 2019Other Business Activities
Michael co-owns a tax preparation business (Schwartz Accounting Inc.) and two real estate properties. The tax business takes about a third of his time, while the real estate activities require minimal time.
Employment History
Current Registrations
Ameriprise Financial Services, LLCBroker
Ameriprise Financial Services, LLC
Previous Registrations
Cetera Advisor Networks LLC
Cetera Advisor Networks LLCBroker
Royal Alliance Associates, INC.Broker
Nathan & Lewis Securities, INC.Broker
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations22 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.