MD
CFA
MD
CFA

Michael Divens

9 Years of Experience
Pittsburgh, PA

Michael Divens is a CFA-designated registered investment advisor at Schneider Downs Wealth Management Advisors, LP, based in Pittsburgh, PA, with 9 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Charitable Giving, Estate Planning, High Net Worth, Insurance Planning, and 3 more. Their firm serves 756 clients with $2.9B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
21 advisors
Number of Clients
756 clients
Average Client Portfolio
$3.9M average
Assets Under Management
$2.9B

Fee Structure

Minimum Investment:$1M
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $1.0M1.00%
$1.0M - $2.5M0.85%
$2.5M - $4.0M0.70%
$4.0M - $6.0M0.60%
$6.0M - $8.0M0.50%
$8.0M - $18.0M0.60%
$18.0M - $23.0M0.40%
$23M+0.35%

Fees may be negotiable at the sole discretion of Schneider Downs Wealth Management Advisors.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location

One Ppg Place, Suite 1700, Pittsburgh, PA, 15222

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History

Regulatory History
Clean regulatory record

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.

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Employment History
Current Registrations
Schneider Downs Wealth Management Advisors, LP
September 2022 - Present · 3 yrs 7 mos
Previous Registrations
Hapanowicz & Associates Wealth Management
May 2021 - August 2022 · 1 yr 3 mos
LPL Financial LLCBroker
May 2021 - August 2022 · 1 yr 3 mos
Pwa Wealth Management
September 2018 - March 2021 · 2 yrs 6 mos
Pwa Securities, INC.Broker
October 2016 - January 2019 · 2 yrs 3 mos
State Registrations1 state
PA
Advisor

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.

Exams
No exam information available for this advisor.