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Michael Bonamarte

14 Years of Experience
Armonk, NY
BrokerSells Insurance

Michael Bonamarte is a registered investment advisor at Voya Financial Advisors, INC., based in Armonk, NY, with 14 years of industry experience. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 2 more. Their firm serves 11,854 clients with $2.7B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
648 advisors
Number of Clients
11,854 clients
Average Client Portfolio
$232K average
Assets Under Management
$2.7B

Fee Structure

Minimum Investment:$1K

Voya Financial Advisors offers several investment management programs with fees based on a percentage of your portfolio's value. These programs include Morningstar Wealth Management, Voya Global Perspectives Market Models (GPMM), and Unified Managed Accounts (UMA). The maximum annual fee for these programs can be up to 2.75% of your portfolio. The Voya Digital Adviser (VDA) program has a maximum annual fee of 1.1%. There are also third-party money manager programs with fees ranging from 0.75% to 2.50%. Some programs have minimum account sizes. Fees are typically deducted from your account monthly or quarterly.

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Location

145 Bedford Rd Suite 102, Armonk, NY, 10504

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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 operates Hudson Financial Associates LLC as a DBA for financial services and insurance, working as a registered representative/president since 2012. He also works as an independent insurance agent selling fixed insurance products since 2014; both activities take nearly full-time.

Employment History
Current Registrations
Voya Financial Advisors, INC.
July 2017 - Present · 8 yrs 10 mos
Voya Financial Advisors, INC.Broker
April 2011 - Present · 15 yrs 1 mo
State Registrations17 states
AZCACTDEFLGAMAMDMENCNJNYPARISCTXVA
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.
Michael Bonamarte - Financial Advisor | TrueAdvisor