MD
ChFC
MD
ChFC

Michael Deamicis

18 Years of Experience
Melville, NY
BrokerSells Insurance

Michael Deamicis is a ChFC-designated registered investment advisor at Voya Financial Advisors, INC., based in Melville, NY, with 18 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Corporate Executives, Education Planning, Estate Planning, and 7 more. Their firm serves 16,336 clients with $3.9B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
755 advisors
Number of Clients
16,336 clients
Average Client Portfolio
$237K average
Assets Under Management
$3.9B

Fee Structure

Minimum Investment:$1K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $250K2.75%
$250K - $500K2.75%
$500K - $1.0M2.50%
$1.0M - $2.0M2.35%
$2.0M - $5.0M2.10%
$5.0M - $10.0M2.05%
$10M+2.00%

Schedule reflects the Unified Managed Account Program maximum total annual client fee. The Fidelity Program (closed to new clients) has separate tiers up to 1.00%. Third-party programs range from 0.75% to 2.50%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location

One Huntington Quadrangle, Suite 1C01, Melville, NY, 11747

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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 the Chapter Sponsorship Chair for the National Aging in Place Council, a non-profit organization, and a volunteer driver and spokesperson for the American Cancer Society. He also works as an independent insurance agent selling fixed insurance products full-time.

Employment History
Current Registrations
Voya Financial Advisors, INC.
March 2020 - Present · 6 yrs 7 mos
Voya Financial Advisors, INC.Broker
March 2020 - Present · 6 yrs 7 mos
Previous Registrations
MML Investors Services, LLCBroker
March 2017 - March 2020 · 3 yrs
Msi Financial Services, INC.Broker
December 2008 - March 2017 · 8 yrs 3 mos
Ameriprise Financial Services, INC.Broker
July 2008 - November 2008 · 4 mos
State Registrations5 states
FLMENCNYSC
AdvisorBrokerBoth

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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