Michael Canet is a registered investment advisor at Prostatis Financial Advisors Group, based in Hanover, MD, with 28 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, Insurance Planning, Investment Management, and 2 more. Their firm serves 1,639 clients with $510M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 2.00% |
| $250K - $500K | 1.50% |
| $500K - $1.5M | 1.00% |
| $1.5M - $2.5M | 0.90% |
| $2.5M - $3.5M | 0.80% |
| $3.5M+ | 0.75% |
Fees are negotiable on a client-by-client basis.
Fee Estimator
Location
7580 Buckingham Blvd., Suite 180, Hanover, MD, 21076
Get directionsHistory
Regulatory History (4)
Customer Dispute
August 2016Customer Dispute
August 2008Customer Dispute
September 2007Regulatory
April 1998Other Business Activities
Michael owns rental property and is the owner of Michael Canet, LLC, a law practice, and Prostatis Group, LLC. He also sits on the board of a nonprofit organization and is an independent author, dedicating minimal time to the rental property and a few hours per week to the law practice.
Employment History
Current Registrations
Prostatis Financial Advisors Group
Previous Registrations
Peak Brokerage Services, LLCBroker
Taylor Capital Management INC.Broker
National Securities CorporationBroker
Prostatis Financial Advisors Group, LLC
Linsco/private Ledger CORP.
Linsco/private Ledger CORP.Broker
Asset & Financial Planning, LTD
Gilman + Ciocia, INC.
Prime Capital Services, INC.Broker
Royal Alliance Associates, INC.Broker
State Registrations4 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.