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Michael Hemmerich

Fortress Private Ledger, LLC
13 Years of Experience
Durham, NC
Broker
View SEC Summary
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Michael Hemmerich is a registered investment advisor at Fortress Private Ledger, LLC, based in Durham, NC, with 13 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 Alternative Investments, Education Planning, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 704 clients with $580M in assets under management.

Fortress Private Ledger, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
20 advisors
Number of Clients
704 clients
Average Client Portfolio
$830K average
Assets Under Management
$584.0M

Fee Structure

Minimum Investment:$100K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

Maximum advisory fee is 2.0% and is negotiable between the client and the investment adviser representative.

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

404 Hunt Street, Ste 520, Durham, NC, 27701

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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 Activities

Michael is the sole owner of a personal checking account for Hemmerich Capital, LLC, used for distributions from passive investments, and spends minimal time on it. He also operates under several DBAs related to his securities business through FPL and has an investment interest as a limited partner in a film production company, spending minimal time on it.

Employment History
Current Registrations
Fortress Private Ledger, LLCBroker
April 2022 - Present · 4 yrs 6 mos
Fortress Private Ledger, LLC
April 2022 - Present · 4 yrs 6 mos
Fortress Private Ledger, LLC
July 2019 - Present · 7 yrs 3 mos
Previous Registrations
LPL Financial LLC
March 2013 - July 2019 · 6 yrs 4 mos
LPL Financial LLCBroker
January 2013 - July 2019 · 6 yrs 6 mos
State Registrations1 state
NC
Advisor

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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