Michael Santoro
Michael Santoro is a registered investment advisor at Balboa Wealth Partners, INC., based in Scottsdale, AZ, with 35 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Investment Management, and 2 more. Their firm serves 1,121 clients with $1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Balboa Wealth offers two investment management options with fees based on the value of your portfolio. Fees are paid quarterly, in advance.
Comprehensive Portfolio Management:
- Up to $249,999.99: 2.3% per year, plus a $15 quarterly reporting fee
- $250,000 to $499,999.99: 2.1% per year
- $500,000 to $749,999.99: 1.9% per year
- $750,000 to $999,999.99: 1.8% per year
- $1,000,000 and over: 1.7% per year
Asset Management Services:
- Up to $249,999.99: 1.5% per year, plus a $15 quarterly reporting fee
- $250,000 to $499,999.99: 1.4% per year
- $500,000 to $749,999.99: 1.3% per year
- $750,000 to $999,999.99: 1.2% per year
- $1,000,000 and over: 1.1% per year
Fees may be negotiable.
Location
6263 North Scottsdale Road, Suite 265, Scottsdale, AZ, 85250
Get directionsHistory
Regulatory History (2)
Customer Dispute
September 2014Judgment / Lien
November 2012Other Business ActivitiesSells Insurance
Michael is an insurance agent selling life, disability, annuities, and long-term care insurance with various companies since 2014. This takes about a quarter of his time and is investment-related.
Employment History
Current Registrations
Balboa Wealth Partners, INC.
Previous Registrations
Retirement Consultants, INC.
Clout INC. Advisors
Cetera Advisors LLC
Cetera Advisors LLCBroker
Sagepoint Financial, INC.
Sagepoint Financial, INC.Broker
LPL Financial LLCBroker
LPL Financial LLC
Royal Alliance Associates, INC.
Royal Alliance Associates, INC.Broker
U.S. Bancorp Piper Jaffray INC.Broker
Painewebber IncorporatedBroker
Lincoln Financial Advisors CorporationBroker
The Lincoln National Life Insurance CompanyBroker
W. S. Griffith & CO., INC.Broker
Phoenix Equity Planning CorporationBroker
Pruco Securities CorporationBroker
The Prudential Insurance Company of AmericaBroker
State Registrations1 state
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.