Mario Giammarco
Mario Giammarco is a registered investment advisor at Lantern Wealth Advisors, LLC, based in New York, NY, with 50 years of industry experience. Mario operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Investment Management, Retirement Planning, Tax Planning. Their firm serves 199 clients with $270M 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 $50K | 2.50% |
| $50K - $100K | 2.25% |
| $100K - $250K | 2.00% |
| $250K - $500K | 1.75% |
| $500K - $1000K | 1.65% |
| $1M+ | 1.50% |
These fees are for Equities and Balanced Accounts. Fixed Income Portfolios have a different fee schedule: $250,000 to $499,999: 0.95%, $500,000 to $999,999: 0.85%, $1,000,000+: 0.75%. Fees and account minimums may be negotiable.
Fee Estimator
Location
845 Third Avene Suite 1703, New York, NY, 10022-7513
Get directionsHistory
Regulatory History (1)
Customer Dispute
October 1996Other Business ActivitiesSells Insurance
Mario is the president of Herold Insurance Agency, Inc. since 1987, selling life insurance, and owns 1190 Hylan Realty Co. since 1992, managing real estate; these activities take minimal time. He also works as an Investment Advisor Representative for Herold Advisors (about half his time) and Lantern Wealth Advisors (a few hours per week).
Employment History
Current Registrations
Lantern Wealth Advisors, LLC
Herold Advisors, INC.
Herold & Lantern Investments, INC.Broker
Previous Registrations
Bernard Herold & CO., INC.Broker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Merrill Lynch, Pierce, Fenner & Smith, INC.Broker
State Registrations11 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.