Michael Mcdermott is a registered investment advisor at Polaris Financial, LLC, based in Wellesley, MA, with 8 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 655 clients with $50M 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 | 1.50% |
Fee is for retail clients. Fees may be negotiable. Employer-sponsored retirement plans pay 1% annually, billed quarterly. Credit unions pay up to 0.50% annually, billed monthly.
Fee Estimator
Location
Wellesley, MA
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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.
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Michael works 20 hours a week at Oracle as a Staff Solutions Consultant. This position is non-investment related.
Employment History
Current Registrations
Polaris Financial, LLC
Previous Registrations
Richr Money LLC
Douugh Wealth
State Registrations1 state
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