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Michael Fornasier

Planmember Securities Corporation
28 Years of Experience
Ponte Vedra, FL
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Fornasier is a registered investment advisor at Planmember Securities Corporation, based in Ponte Vedra, FL, with 28 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 69,645 clients with $10B in assets under management.

Planmember Securities Corporation
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
445 advisors
Number of Clients
69,645 clients
Average Client Portfolio
$145K average
Assets Under Management
$10.1B

Fee Structure

Minimum Investment:$5K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $500K0.25%
$500K - $1.0M0.20%
$1M+0.10%

Maximum annual fee rate is 2.00% across programs; tiered schedule applies to accounts established on or after January 1, 2026. Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

90 Fort Wade Road, Suite 100, Ponte Vedra, FL, 32081

Get directions

History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Criminal
January 2016
Final Disposition
Customer Dispute
December 2001
Closed-No Action
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is the President of Sound Asset Advisors, offering securities and insurance sales and services since 2012. This takes about a quarter of Michael's time, primarily during trading hours.

Employment History
Current Registrations
Planmember Securities Corporation
May 2023 - Present · 3 yrs 5 mos
Planmember Securities CorporationBroker
May 2023 - Present · 3 yrs 5 mos
Previous Registrations
Securities America, INC.Broker
July 2020 - May 2023 · 2 yrs 10 mos
Securities America Advisors, INC.
July 2020 - May 2023 · 2 yrs 10 mos
Investacorp Advisory Services INC
October 2015 - July 2020 · 4 yrs 9 mos
Investacorp, INC.Broker
July 2015 - July 2020 · 5 yrs
Cl Wealth Management LLC
October 2013 - August 2015 · 1 yr 10 mos
Cabot Lodge Securities LLCBroker
March 2013 - August 2015 · 2 yrs 5 mos
LPL Financial LLC
February 2012 - April 2013 · 1 yr 2 mos
LPL Financial LLCBroker
March 2008 - April 2013 · 5 yrs 1 mo
Ifmg Securities, INC.Broker
March 2005 - March 2008 · 3 yrs
Essex National Securities, INC.Broker
January 2003 - February 2005 · 2 yrs 1 mo
Weatherly Securities CorporationBroker
June 2002 - September 2002 · 3 mos
TD Waterhouse Investor Services, INC.Broker
June 2001 - May 2002 · 11 mos
The Dreyfus Service CorporationBroker
October 1999 - May 2001 · 1 yr 7 mos
Tasin & Company, INC.Broker
December 1998 - November 1999 · 11 mos
Prudential Securities IncorporatedBroker
August 1997 - August 1998 · 1 yr
Tasin & Company, INC.Broker
April 1997 - July 1997 · 3 mos
Marlowe & CompanyBroker
April 1997 - April 1997 · 0 mos
State Registrations13 states
CACOCTFLGAMANCNYPASCTXVAVT
AdvisorBrokerBoth

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
No exam information available for this advisor.
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Michael Fornasier - Financial Advisor | TrueAdvisor