Mark Pittsey is a registered investment advisor at Flagstar Advisors, INC., based in Walnut Creek, CA, with 32 years of industry experience. Mark operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,571 clients with $1.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Flagstar Advisors' Managed Account Program charges an advisory fee, a sponsor fee, and potentially a third-party advisor (TPA) fee if a TPA manages your account.
The advisory fee is a percentage of your portfolio's value and is negotiable:
- Up to $999,999: 1.50% per year
- $1,000,000 - $4,999,999: 1.00% per year
- $5,000,000 - $9,999,999: 0.75% per year
- $10,000,000 - $19,999,999: 0.50% per year
- Above $20,000,000: 0.40% per year
The sponsor fee covers implementation, platform, and administrative costs:
- Up to $499,999: 0.12% per year
- $500,000 - $1,999,999: 0.10% per year
- $2,000,000 - $4,999,999: 0.09% per year
- $5,000,000 - $9,999,999: 0.08% per year
- $10,000,000 - $19,000,000: 0.05% per year
- Above $20,000,000: 0.03% per year
TPA fees range from 0.25% to 1.25% and may or may not be negotiable.
Location
2033 N Main St., Ste 1050, Walnut Creek, CA, 94596
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Mark is employed full-time as Head of Private Banking & Wealth Management at Flagstar Bank, N.A. This activity is not investment-related.
Employment History
Current Registrations
Flagstar AdvisorsBroker
Flagstar Advisors, INC.
Flagstar Advisors
Previous Registrations
Hsbc Securities (USA) INC.
Hsbc Securities (USA) INC.Broker
Deutsche Bank Securities INC.
Deutsche Bank Securities INC.Broker
Wells Fargo Investments, LLC
Wells Fargo Investments, LLCBroker
Wells Fargo Securities INC.Broker
Essex National Securities, INC.Broker
First Interstate Investments,inc.Broker
Wells Fargo Securities INC.Broker
Marketing One Securities, INC.Broker
Great Western Financial Securities CorporationBroker
State Registrations2 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.