Michael Colletti
Michael Colletti is a registered investment advisor at Sovereign Global Advisors, LLC, based in Glen Cove, NY, with 23 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 1 more. Their firm serves 11 clients with $3.6M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 2.00% |
| $500K - $1.0M | 1.75% |
| $1M+ | 1.50% |
Fees are negotiable on a case-by-case basis.
Fee Estimator
Location
50 Glen Street, Ste 218, Glen Cove, NY, 11542
Get directionsHistory
Regulatory History (4)
Regulatory
February 2023Regulatory
July 2017Employment Separation After Allegations
December 2014Employment Separation After Allegations
October 2014Other Business ActivitiesSells Insurance
Michael operates as a sole proprietor under the name Polaris Financial Group, Inc., offering wealth management services, securities, fixed income products, annuities, and life insurance. This activity takes up the majority of Michael's time.
Employment History
Current Registrations
Sovereign Global Advisors, LLC
Sovereign Global Advisors LLC
Sovereign Global Advisors LLCBroker
Previous Registrations
Ic Advisory Services, INC.
The Investment Center, INC.Broker
Cadaret Grant & CO INC
Cadaret, Grant & CO., INC.Broker
Securities America, INC.Broker
National Securities CorporationBroker
First Midwest Securities, INC.Broker
American Capital Partners, LLCBroker
Commerce One Financial INC.Broker
State Registrations6 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.