Michael Garofalo
Michael Garofalo is a registered investment advisor at Lifemark Securities CORP., based in Milleville, DE, with 30 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 1,434 clients with $460M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LifeMark Securities Corp. charges a fee based on a percentage of your account value for investment advisory services. This fee is negotiable and depends on the account value, investment program, service level, and complexity of your financial situation. The fee ranges from 0.35% to 0.5% depending on the asset level, with a maximum of 2.0%. Additional fees may include custodian fees, platform fees, manager fees, and transaction fees. The fees are deducted directly from your account monthly or quarterly.
Location
Milleville, DE
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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 ActivitiesSells Insurance
Michael is an independent insurance agent since 1998, selling and servicing life, health, fixed annuities, disability, LTC, Medicare supplemental, and P&C insurance. This takes about a quarter of his time, including some hours during trading hours.
Employment History
Current Registrations
Lifemark Securities CORP.
Lifemark Securities CORP.
Lifemark Securities CORP.Broker
Previous Registrations
Allstate Financial Services, LLCBroker
Carillon Investments, INC.Broker
Allstate Financial Services, LLCBroker
First Montauk Securities CORP.Broker
Glatfelter Financial Services, INC.Broker
First Montauk Securities CORP.Broker
Carillon Investments, INC.Broker
Dreyfus Financial Services CorporationBroker
Dreyfus Investment Services CorporationBroker
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations10 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.