Michael Chang is a CFA-designated registered investment advisor at Novice Capital LLC, based in San Mateo, CA, with 2 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, High Net Worth, Investment Management, Real Estate Investing. Their firm serves 6 clients with $12M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
Novice Capital charges 1.00% annually on all assets, plus an optional research expense fee of up to 1.00% charged quarterly. Qualified clients may alternatively choose a fee structure consisting of 1.00% annually plus a 25.00% performance fee on capital appreciation above a hurdle rate.
Fee Estimator
Location
3 East 3rd Avenue Suite 200, San Mateo, CA, 94401
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Michael is a partner in a family real estate business, dedicating a few hours per week to this activity. He does not earn commissions or solicit advisory clients for this venture.
Employment History
Current Registrations
Novice Capital LLC
State Registrations1 state
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
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