Michael Schoffman is a CFP-designated registered investment advisor at Arax Advisory Partners, based in Denver, CO, with 19 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Charitable Giving, Estate Planning, High Net Worth, Investment Management, and 2 more. Their firm serves 7,305 clients with $11B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Arax Advisory Partners provides investment management services for an annual fee based on the value of your portfolio. The fee varies depending on the size and complexity of your account and generally ranges from 0.50% to 2% per year. The fee is billed quarterly, either in advance or arrears. Clients may also incur additional fees charged by third parties, such as broker-dealers and custodians.
Location
730 17th Street, Suite 107, Denver, CO, 80202
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Michael is a senior advisor at Schechter Investment Advisors, spending full-time advising clients on investments, planning, and financial matters. He also works with clients that invest in Schechter Private Capital. Finally, Michael is a managing member of L and S Property Assets, LLC, which owns real estate, dedicating minimal time to this.
Employment History
Current Registrations
Arax Advisory Partners
Previous Registrations
Kingswood Capital Partners, LLCBroker
Schechter Investment Advisors, LLC
Retirement Planners of America
USAA Financial Planning Services
USAA Financial Advisors, INC.Broker
UBS Financial Services INC.
UBS Financial Services INC.Broker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations3 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.