Michael J. Porro & CO. Financial Advisors, INC.
Michael J. Porro & Co. Financial Advisors provides personalized investment management and financial planning services for individuals, families, businesses, and trusts. Founded in 2003 and based in Old Tappan, New Jersey, the firm takes an active approach to asset management, tailoring portfolios to each client's specific goals, risk tolerance, and time horizon. Michael J. Porro & Co. builds portfolios using individual stocks, bonds, exchange-traded funds, and mutual funds, while also offering comprehensive financial planning that covers retirement cash flow, income taxes, estate planning, insurance needs, and college funding. Many core financial planning services are included as part of the ongoing investment management fee. The firm also offers hourly consulting for clients who need specific advice without full portfolio management.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $125K | 1.50% |
| $125K - $250K | 1.38% |
| $250K - $375K | 1.25% |
| $375K - $500K | 1.13% |
| $500K - $750K | 1.00% |
| $750K+ | 0.88% |
Fees are applied to the entire portfolio value once a breakpoint is reached (not a marginal tier system). Fees may be negotiated in certain circumstances.