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Mario Giammarco

Lantern Wealth Advisors, LLC
50 Years of Experience
New York, NY
1 DisclosureBrokerSells Insurance
View SEC Summary
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Mario Giammarco is a registered investment advisor at Lantern Wealth Advisors, LLC, based in New York, NY, with 50 years of industry experience. Mario is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 3 more. Their firm serves 188 clients with $320M in assets under management.

Lantern Wealth Advisors, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
26 advisors
Number of Clients
188 clients
Average Client Portfolio
$1.7M average
Assets Under Management
$319.9M

Fee Structure

Minimum Investment:$25K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $50K2.50%
$50K - $100K2.25%
$100K - $250K2.00%
$250K - $500K1.75%
$500K - $1.0M1.65%
$1M+1.50%

Rates shown are for equity and balanced accounts. Fixed income portfolios have separate, lower rates ranging from 0.75% to 0.95%. Fees and account minimums are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

711 3rd Avenue Suite 1802, New York, NY, 10017

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History

Regulatory History (1)
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Customer Dispute
October 1996
Award / Judgment
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Mario is the president of Herold Insurance Agency, Inc. since 1987, selling life insurance, and owns 1190 Hylan Realty Co. since 1992, managing real estate; these activities take minimal time. He also works as an Investment Advisor Representative for Herold Advisors (about half his time) and Lantern Wealth Advisors (a few hours per week).

Employment History
Current Registrations
Lantern Wealth Advisors, LLC
February 2022 - Present · 4 yrs 8 mos
Herold Advisors, INC.
January 2022 - Present · 4 yrs 9 mos
Herold & Lantern Investments, INC.Broker
November 2020 - Present · 5 yrs 11 mos
Previous Registrations
Bernard Herold & CO., INC.Broker
March 1985 - November 2020 · 35 yrs 8 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
September 1978 - March 1985 · 6 yrs 6 mos
Merrill Lynch, Pierce, Fenner & Smith, INC.Broker
March 1976 - September 1978 · 2 yrs 6 mos
State Registrations11 states
AZCTFLGANHNJNYPASCTXVA
AdvisorBrokerBoth

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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