Michael Wassmann
Michael Wassmann is a registered investment advisor at Park Shore Partners LLC, based in Erie, PA, with 17 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, Investment Management. Their firm serves 5 clients with $110M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Park Shore Partners manages investments for private funds, not individual investors. Fees for the Opportunity Funds include a quarterly management fee of 0.25% of assets (1.0% annually) and an incentive fee of 10% of net asset value increases. For the MAS Fund, the quarterly management fee is 0.1875% of assets (0.75% annually), with an incentive fee based on specific return hurdles for different investment strategies. HBKS Wealth Advisors clients referred to Park Shore pay a combined management fee where HBKS charges 0.5% and Park Shore reduces its fee by 0.5%.
Location
2725 Colonial Ave, Erie, PA, 16506
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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
Michael is the Chief Compliance Officer for HBK Sorce Advisory and Park Shore Partners LLC, and HBK Sorce Brokerage LLC. He also oversees the insurance department as President of HBK Sorce Insurance LLC and provides asset management services to UP Strategic Wealth Investments Advisors LLC, and back office services to Pinion Wealth Management. Michael also works as an attorney doing legal consulting.
Employment History
Current Registrations
Park Shore Partners LLC
Hbk Sorce Brokerage LLCBroker
Hbks Wealth Advisors
Purshe Kaplan Sterling Investments
Purshe Kaplan Sterling InvestmentsBroker
Previous Registrations
Invescor Wholesale Bd, INC.Broker
State Registrations3 states
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