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Michael Canet

Prostatis Financial Advisors Group
28 Years of Experience
Hanover, MD
4 Disclosures
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Michael Canet is a registered investment advisor at Prostatis Financial Advisors Group, based in Hanover, MD, with 28 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, Education Planning, Estate Planning, High Net Worth, and 3 more. Their firm serves 1,568 clients with $610M in assets under management.

Prostatis Financial Advisors Group
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
15 advisors
Number of Clients
1,568 clients
Average Client Portfolio
$386K average
Assets Under Management
$605.4M

Fee Structure

Minimum Investment:None
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $250K2.00%
$250K - $500K1.50%
$500K - $1.5M1.00%
$1.5M - $2.5M0.90%
$2.5M - $3.5M0.80%
$3.5M+0.75%

Fees are negotiable on a client-by-client basis. Household accounts may be aggregated to determine fee tiers.

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

Location

7580 Buckingham Blvd., Suite 180, Hanover, MD, 21076

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History

Regulatory History (4)
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.
Customer Dispute
August 2016
Settled
Customer Dispute
August 2008
Settled
Customer Dispute
September 2007
Closed-No Action
Regulatory
April 1998
Final
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael owns rental property and is the owner of Michael Canet, LLC, a law practice, and Prostatis Group, LLC. He also sits on the board of a nonprofit organization and is an independent author, dedicating minimal time to the rental property and a few hours per week to the law practice.

Employment History
Current Registrations
Prostatis Financial Advisors Group
January 2006 - Present · 20 yrs 9 mos
Previous Registrations
Peak Brokerage Services, LLCBroker
October 2019 - November 2020 · 1 yr 1 mo
Taylor Capital Management INC.Broker
March 2015 - June 2019 · 4 yrs 3 mos
National Securities CorporationBroker
November 2013 - March 2014 · 4 mos
Prostatis Financial Advisors Group, LLC
October 2004 - December 2005 · 1 yr 2 mos
Linsco/private Ledger CORP.
October 2003 - October 2003 · 0 mos
Linsco/private Ledger CORP.Broker
October 2003 - October 2003 · 0 mos
Asset & Financial Planning, LTD
March 2002 - April 2014 · 12 yrs 1 mo
Gilman + Ciocia, INC.
January 2000 - November 2003 · 3 yrs 10 mos
Prime Capital Services, INC.Broker
February 1999 - November 2013 · 14 yrs 9 mos
Royal Alliance Associates, INC.Broker
December 1997 - February 1999 · 1 yr 2 mos
State Registrations4 states
FLMDTXVA
Advisor

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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