Michael Manginelli
Michael Manginelli is a registered investment advisor at Fortis Group Advisors LLC, based in Westwood, NJ, with 12 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, High Net Worth, Investment Management, Retirement Planning, and 1 more. Their firm serves 2,780 clients with $800M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Fortis Group Advisors charges a fee based on a percentage of the assets they manage for you. This fee covers investment advice, trade entry, investment supervision, and other account maintenance activities. The specific fee is agreed upon in your Investment Management Agreement and may vary based on the size of your account, the complexity of your portfolio, and other factors. The maximum fee is 1.75%, but a lower fee may be negotiated. Employees and their family members receive a reduced fee. The fee is deducted directly from your account by the custodian.
Location
345 Kinderkamack Road, Suite B, Westwood, NJ, 07675
Get directionsHistory
Regulatory History (2)
Judgment / Lien
May 2024Judgment / Lien
February 2023Other Business ActivitiesSells Insurance
Michael is affiliated with The Fortis Agency, LLC for insurance purposes. He also operates under several DBAs related to his LPL business and investment advisory services through Fortis Group Advisors, dedicating about a quarter of his time to these activities.
Employment History
Current Registrations
Fortis Group Advisors LLC
LPL Financial LLCBroker
Previous Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Transamerica Financial Advisors, INCBroker
State Registrations6 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.