Morton Potoff is a registered investment advisor at Mjp Wealth Advisors, based in Longboat Key, FL, with 57 years of industry experience. Morton operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 906 clients with $1.6B 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 $750K | 1.35% |
| $750K - $1.2M | 1.15% |
| $1.3M - $2.0M | 0.95% |
| $2.0M - $3.0M | 0.80% |
| $3.0M - $4.5M | 0.75% |
| $4.5M+ | 0.75% |
Fees negotiable for accounts over $4.5 million. A flat fee not to exceed 1.00% is charged for the management of any 401(k) self-directed brokerage and/or outside brokerage assets. If MJP is the advisor for a 401(k) plan with plan assets equal to $2 million or above, the plan participant’s households are entitled to a flat fee of 1.00% for management of personal assets that meet all account minimums.
Fee Estimator
Location
Longboat Key, FL
Get directionsHistory
Regulatory History (2)
Customer Dispute
June 2010Regulatory
November 1989Other Business ActivitiesSells Insurance
Morton is involved in several businesses, including MJP Wealth Advisors, MB Insurance LLC, MJP Consulting LLC, and MJP Consulting of Florida LLC. He spends about a quarter of his time consulting and selling insurance products, including life, disability, and long-term care insurance, through MJP Consulting of Florida LLC.
Employment History
Current Registrations
Mjp Wealth Advisors
Previous Registrations
Arete Wealth Management, LLCBroker
Royal Alliance Associates, INC.
Integrated Resources Equity CorporationBroker
Royal Alliance Associates, INC.Broker
Integrated Resources Equity CorporationBroker
Independent Financial Planners 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.