Pina Formicola
Pina Formicola is a registered investment advisor at Independent Solutions Wealth Management, LLC, based in Williamsville, NY, with 36 years of industry experience. Pina operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 4 more. Their firm serves 3,774 clients with $1.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Independent Solutions Wealth Management offers several investment management options:
- Mutual Fund Portfolio Management: Fees range up to 2.50% of the portfolio's value.
- ETF Portfolio Management: Fees range up to 2.50% of the portfolio's value.
- Stock Portfolio Management: Fees range up to 2.75% of the portfolio's value. A minimum account balance of $100,000 is required, but may be waived.
- Third-Party Manager Selection: Fees range up to 2.50% of the portfolio's value, in addition to the third-party manager's fees.
Fees are billed quarterly in arrears based on the average daily balance of the previous quarter. Fees may be waived or negotiated.
Location
305 Spindrift Drive, Williamsville, NY, 14221
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
August 1992Other Business ActivitiesSells Insurance
Pina works as an investment advisor for ISWM and a registered representative for Peak Brokerage Services, dedicating about 10-20% of their time and a few hours per week, respectively. Pina is also an insurance agent with Top Advisors Group and involved with The Financial Guys for financial planning.
Employment History
Current Registrations
Independent Solutions Wealth Management, LLC
Peak Brokerage Services, LLCBroker
Previous Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Sagepoint Financial, INC.
Sagepoint Financial, INC.Broker
Sage, Rutty & CO., INC.Broker
Leigh Baldwin & CO., LLCBroker
Wall Street Financial Group, INC.Broker
Ensemble Financial Services, INC.
Ensemble Financial Services, INC.Broker
Cambridge Investment Research, INC.Broker
Linsco/private Ledger CORP.
Linsco/private Ledger CORP.Broker
M&t Securities, INC.Broker
Liberty Securities CorporationBroker
Citicorp Financial Services,inc.Broker
Citicorp Investment ServicesBroker
R.B. Webster Investments, INC.Broker
Princeton Financial Group, INC.Broker
Power Securities CorporationBroker
State Registrations7 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.