Philip Palumbo
Philip Palumbo is a CFP-designated registered investment advisor at Palumbo Wealth Management LLC, based in Great Neck, NY, with 25 years of industry experience. Philip operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Investment Management, and 1 more. Their firm serves 263 clients with $540M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Palumbo Wealth Management's advisory fees range from 0.15% to 1.75% annually, based on factors like services offered, complexity, assets managed, and the overall client relationship. Fees are paid quarterly in advance, based on the market value of assets at the end of the prior quarter. Clients selecting standalone investment management may receive discounted fees. Fees may be negotiable.
Location
1010 Northern Boulevard, Suite 310, Great Neck, NY, 11021
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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
Philip is a registered representative of Private Client Services, spending minimal time on this. He is also an insurance agent since 2020, dedicating a few hours per week to insurance sales.
Employment History
Current Registrations
Palumbo Wealth Management LLC
Private Client Services, LLCBroker
Previous Registrations
UBS Financial Services INC.Broker
UBS Financial Services INC.
Morgan Stanley Smith Barney LLC
Morgan Stanley Smith BarneyBroker
Citigroup Global Markets INC.Broker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
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.