Michael Strang is a registered investment advisor at Masterworks Advisers, LLC, based in New York, NY, with 7 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, High Net Worth, Investment Management. Their firm serves 625 clients with $2M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Masterworks Advisers offers several ways to invest in art, each with different fees:
- Ongoing Advisory Services: 0.10% per year of the value of your art investments. This fee is charged monthly and paid when you sell an artwork.
- Art Investment Plans (Discretionary): A monthly fee based on your expected total investment amount:
- Less than $500: $1/month ($12/year)
- $501 - $2,500: $2/month ($24/year)
- $2,500+: $4/month ($48/year)
- Strategy Opportunities (Pilot Program): No advisory fee is currently charged for this service.
Masterworks also earns compensation from the art investments themselves, which reduces your overall returns.
Location
1 World Trade, 57th Floor, New York, NY, 10007
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Regulatory History (1)
Employment Separation After Allegations
April 2021Other Business Activities
Michael is an employee of Masterworks, LLC, an alternative investment platform, since September 2023. As a Masterworks Platform Associate, he performs defined administrative functions for a few hours per week.
Employment History
Current Registrations
Masterworks Advisers, LLC
Previous Registrations
Arete Wealth Advisors, LLC
Arete Wealth Management, LLCBroker
Wells Fargo Clearing Services, LLCBroker
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.