Michael Demkiw
Michael Demkiw is a registered investment advisor at Third Tier Wealth Management, based in Jericho, NY, with 4 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 3 more. Their firm serves 9 clients with $8.1M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.50% |
| $250K - $1.0M | 1.00% |
| $1.0M - $3.0M | 0.80% |
| $3.0M - $5.0M | 0.70% |
| $5.0M - $10.0M | 0.60% |
| $10M+ | 0.50% |
Third Tier Wealth may leverage SEI Managed Accounts Solutions or Altruist Model Marketplace to manage a portion of client accounts. SEI charges an additional annual fee of 0.15% to 1.15% for Separately Managed Accounts and Unified Managed Accounts. SEI also charges an additional fee ranging from .55% to 1.15% for Custom High Net Worth Solutions. Those who utilize the Mutual Fund Models Program is also charged an additional .15% for a transaction fee, which is subject to a $1,000 per year, per account, maximum. Altruist LLC’s Model Marketplace fees and tax management tool fees range between 0.00% and 1.00%.
Fee Estimator
Location
575 Jericho Turnpike, Suite 102, Jericho, NY, 11753
Get directionsHistory
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.
Learn about disclosures →Other Business ActivitiesSells Insurance
Michael is an insurance agent selling fixed insurance products through Third Tier Advisors since 2012. This activity takes about 10-20% of his time, with a few hours per week spent during securities trading hours.
Employment History
Current Registrations
Third Tier Wealth Management
State Registrations2 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.