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ChFC
MS
ChFC

Mitchell Scher

Cambridge Investment Research Advisors, INC.
49 Years of Experience
New York, NY
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

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. Mitchell is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Divorce Planning, Education Planning, Estate Planning, Financial Planning & Coaching, and 6 more. Their firm serves 361,213 clients with $140B in assets under management.

Cambridge Investment Research Advisors, INC.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
3940 advisors
Number of Clients
361,213 clients
Average Client Portfolio
$384K average
Assets Under Management
$138.7B

Fee Structure

Minimum Investment:$25K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Maximum allowable advisory fee is 2.25% annually across platforms. Actual fees are negotiable and set by your financial professional based on account size, complexity, and specific program selected.

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

Location

112 West 34th St., 18th Floor #17040, New York, NY, 10120

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
September 2003
Settled
View Full SEC ReportHow to Read Disclosures
Other 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.
August 2024 - Present · 2 yrs 2 mos
Cambridge Investment Research, INC.Broker
August 2024 - Present · 2 yrs 2 mos
Previous Registrations
Osaic Fa, INC.
November 2013 - August 2024 · 10 yrs 9 mos
Osaic Fa, INC.Broker
November 2013 - August 2024 · 10 yrs 9 mos
Metlife Securities INC.
August 2009 - November 2013 · 4 yrs 3 mos
Metlife Securities INC.Broker
November 2001 - November 2013 · 12 yrs
Metropolitan Life Insurance CompanyBroker
November 2001 - July 2007 · 5 yrs 8 mos
1717 Capital Management CompanyBroker
January 1993 - November 2001 · 8 yrs 10 mos
Equico Securities, INC.Broker
October 1980 - January 1993 · 12 yrs 3 mos
The Equitable Life Assurance Society of the United StatesBroker
March 1978 - January 1993 · 14 yrs 10 mos
First Investors CorporationBroker
February 1977 - February 1978 · 1 yr
State Registrations33 states
AZCACOCTDEFLGAILINKSKYLAMAMDMEMIMNNCNHNJNYOHORPARISCTNTXVAWAWIWVWY
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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