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Victor Salanovsky

20 Years of Experience
Madison, NJ
Broker

Victor Salanovsky is a registered investment advisor at Citizens Securities, INC., based in Madison, NJ, with 20 years of industry experience. Victor 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 53,044 clients with $9.2B in assets under management.

Compensation
Fee-Only (% of Portfolio)
Firm Size
741 advisors
Number of Clients
53,044 clients
Average Client Portfolio
$173K average
Assets Under Management
$9.2B

Fee Structure

Minimum Investment:$2K
Investment management only (planning not offered)

Citizens Securities offers investment management through its Managed Account Program. The fees vary depending on the specific program selected.

The maximum annual rate for Citizens Securities' component of the fee is 2.00%. The total fee covers asset allocation recommendations, manager research, brokerage, custody, performance reports, and administrative services. Third-party manager fees typically range from 0.02% to 0.50%.

Fees are negotiable under some circumstances, such as the type and size of the client account and the range of services provided.

For Connect accounts, there is a minimum investment of $2,000.

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Location

134 Main Street, Nj159, Madison, NJ, 07950

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History

Regulatory History
Clean regulatory record

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.

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Employment History
Current Registrations
Citizens Securities, INC.
December 2023 - Present · 2 yrs 5 mos
Citizens Securities, INC.Broker
November 2023 - Present · 2 yrs 6 mos
Previous Registrations
Morgan StanleyBroker
March 2023 - August 2023 · 5 mos
E*trade Capital Management, LLC
October 2015 - August 2023 · 7 yrs 10 mos
E*trade Securities LLCBroker
October 2015 - August 2023 · 7 yrs 10 mos
J.P. Morgan Securities LLCBroker
October 2012 - July 2015 · 2 yrs 9 mos
J.P. Morgan Securities LLC
October 2012 - July 2015 · 2 yrs 9 mos
Chase Investment Services CORP.Broker
July 2008 - October 2012 · 4 yrs 3 mos
Chase Investment Services CORP.
July 2008 - October 2012 · 4 yrs 3 mos
PNC InvestmentsBroker
July 2004 - August 2006 · 2 yrs 1 mo
PNC Investments
July 2004 - August 2006 · 2 yrs 1 mo
A. G. Edwards & Sons, INC.
October 2003 - June 2004 · 8 mos
A. G. Edwards & Sons, INC.Broker
August 2003 - June 2004 · 10 mos
State Registrations3 states
NJNYPA
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.
Victor Salanovsky - Financial Advisor | TrueAdvisor