Michael Stamos is a registered investment advisor at Mjp Wealth Advisors, based in Farmington, CT, with 23 years of industry experience. Michael 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
74 Batterson Park Rd, Suite 103, Farmington, CT, 06032
Get directionsHistory
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 ActivitiesSells Insurance
Michael is a wealth advisor at MJP Associates Inc. since 2015, providing investment advice. He is also a sole proprietor selling life, health, and disability insurance, dedicating about 10-20% of his time to securities trading and a few hours per week to insurance sales.
Employment History
Current Registrations
Mjp Wealth Advisors
Previous Registrations
Arete Wealth Management, LLCBroker
Royal Alliance Associates, INC.Broker
M Holdings Securities, INC.Broker
Tower Square Securities, INC.Broker
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.