Mitchell Scher
Mitchell Scher is a ChFC-designated registered investment advisor at Cambridge Investment Research Advisors, INC., based in New York, NY, with 49 years of industry experience. Their practice areas include Divorce Planning, Education Planning, Estate Planning, Financial Planning & Coaching, and 4 more. Their firm serves 323,031 clients with $100B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Cambridge Investment Research Advisors (CIRA) offers investment management services through several platforms. Fees are based on a percentage of your portfolio's value and are negotiable. The maximum annual fee is 2.25%. Fees can be structured as flat, tiered, or breakpoint. You may also encounter setup fees and service fees. Fees are typically deducted directly from your account. CIRA also offers WealthPort, a wrap fee program with inclusive fees. The WealthPort maximum advisory fee is 2.25% annually.
Location
112 West 34th St., 18th Floor #17040, New York, NY, 10120
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Regulatory History (1)
Customer Dispute
September 2003Other Business ActivitiesSells Insurance
Mitchell is an independent insurance agent for various independent insurance agencies, dedicating about a quarter of his time to this activity. He is also an IAR under the DBA name Advanced Planning Group of NY, spending about half his time on this, and an advisory representative of an RIA, CIRA, dedicating full-time hours.
Employment History
Current Registrations
Cambridge Investment Research Advisors, INC.
Cambridge Investment Research, INC.Broker
Previous Registrations
Osaic Fa, INC.
Osaic Fa, INC.Broker
Metlife Securities INC.
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
1717 Capital Management CompanyBroker
Equico Securities, INC.Broker
The Equitable Life Assurance Society of the United StatesBroker
First Investors CorporationBroker
State Registrations32 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.