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Michael Stamos

Mjp Wealth Advisors
24 Years of Experience
Farmington, CT
Sells Insurance
View SEC Summary
View SEC Summary

Michael Stamos is a registered investment advisor at Mjp Wealth Advisors, based in Farmington, CT, with 24 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Business Owners, Corporate Executives, Education Planning, and 6 more. Their firm serves 906 clients with $1.6B in assets under management.

Mjp Wealth Advisors
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
13 advisors
Number of Clients
906 clients
Average Client Portfolio
$1.7M average
Assets Under Management
$1.6B

Fee Structure

Minimum Investment:$500K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $750K1.35%
$750K - $1.3M1.15%
$1.3M - $2.0M0.95%
$2.0M - $3.0M0.80%
$3.0M - $4.5M0.75%
$4.5M+0.75%

Fees for accounts of $4.5 million and above are negotiable. Uses the previous tier rate for the highest bracket as a baseline.

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

Location

74 Batterson Park Rd, Suite 103, Farmington, CT, 06032

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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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Other Business ActivitiesSells Insurance

Michael is a wealth advisor at MJP Associates Inc. since 2015, providing investment advice. He is also a sole proprietor selling life, health, and disability insurance, dedicating about 10-20% of his time to securities trading and a few hours per week to insurance sales.

Employment History
Current Registrations
Mjp Wealth Advisors
December 2015 - Present · 10 yrs 10 mos
Previous Registrations
Arete Wealth Management, LLCBroker
March 2018 - September 2019 · 1 yr 6 mos
Royal Alliance Associates, INC.Broker
October 2015 - April 2018 · 2 yrs 6 mos
M Holdings Securities, INC.Broker
March 2007 - May 2015 · 8 yrs 2 mos
Tower Square Securities, INC.Broker
June 2000 - September 2005 · 5 yrs 3 mos
State Registrations1 state
CT
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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