Michael Fleming is a registered investment advisor at Tsa Management INC, based in Glen Head, NY, with 17 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 2,794 clients with $1.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
TSA Portfolio Management offers investment management services where fees are based on a percentage of the value of the assets in your account. The fees are typically billed quarterly, either in advance or in arrears, depending on the client relationship.
For Pershing Tier I and NSF (SMA) Tier II accounts, the advisory fee typically ranges from 0.75% to 1.5% annually on accounts up to $500,000. For Pershing Tier II accounts, the advisory fee typically ranges from 0.5% to 1% annually on accounts up to $1,000,000. For Pershing Tier III accounts, a flat advisory fee of 1.4% annually is collected. Fees for accounts over these amounts are subject to negotiation.
For the CUNY Portfolio Program, an advisory fee of 0.75% annually is collected on accounts with up to $500,000 under management, 0.65% annually on accounts from $500,000 to $1,000,000, and 0.55% annually on accounts for account balances over $1,000,000.
For the Marstone Program, TSA charges a flat advisory fee of 0.5% annually, collected quarterly. In addition, there is a Marstone platform fee of 0.25% and a Pershing administrative fee of 0.10%.
These fees are separate from the fees and expenses charged by the mutual funds and ETFs in your portfolio.
Location
725 Glen Cove Ave, Glen Head, NY, 11545
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Michael owns Fleming Wealth Management & Law Offices, a law firm providing legal advice relating to trusts and estates, dedicating a few hours per week. He also handles the settlement of an estate and is a trustee on three trust accounts, spending minimal time on these activities.
Employment History
Current Registrations
Tsa Management INC
Halliday Financial, LLCBroker
Previous Registrations
Tsa Management INC
Ust Financial Services CORP.Broker
State Registrations12 states
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