FinancialMD is a registered investment advisor based in Okemos, Michigan, founded in 2019 and led by Jon Solitro. The firm offers comprehensive financial planning and investment management services, helping clients navigate life milestones such as debt repayment, home purchases, retirement, and education savings. FinancialMD builds customized investment portfolios using mutual funds, exchange-traded funds, individual stocks, and annuities, often utilizing independent third-party asset managers. In addition to investment management, FinancialMD provides financial planning covering lifestyle analysis, cash management, debt management, insurance, risk management, asset allocation, and charitable giving. The firm also offers third-party will and trust software and coordinates tax preparation through an independent partner firm. FinancialMD operates as a legally required fiduciary, putting client interests first, and is compensated through a percentage of the value of your portfolio and flat annual fees for planning services.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.00% |
| $500K - $1.0M | 0.85% |
| $1.0M - $2.0M | 0.70% |
| $2.0M - $3.0M | 0.55% |
| $3.0M - $4.0M | 0.35% |
| $4M+ | 0.20% |
Fees are calculated monthly and paid in arrears based on household account balances.