| Advisor Profile |
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Disclosure Link:
www.marinostram.com
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Business Description |
Marino, Stram & Associates has been helping clients in the New England area plan and invest for their retirement for the last 22 years.
Our mission is to help our clients achieve their financial objectives in a prudent and thoughtful manner by delivering comprehensive, objective financial advice and exceptional personal service. We believe that financial success is the result of having clearly defined objectives and creating personalized financial strategies to achieve them.
We offer comprehensive financial planning, investment management and retirement plan consulting services on a fee basis. At Marino, Stram and associates we distinguish ourselves as independent Advisors and Certified Financial Planner practitioners(r) representing our clients, not a particular company. |
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General Information |
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| Name of Broker/Dealer: |
Securities America
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| Name of Custodial Firm: |
National Financial Services
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| States Willing to do Business in: |
MA, RI, NH, ME
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| Years of Experience in Financial Services: |
5
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| Number of Years with Current Firm: |
5
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| Work Experience: |
Marino, Stram & Associates August 2004-Present
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| I work with the following types of clients: |
Non-Profit Organizations, Individual Investors, Businesses
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Services |
| Investment Types: |
Exchange Traded Funds (ETFs), Alternative Investments, Options & Futures, Mutual Funds, Insurance, Annuities, Stocks, Bonds
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Qualifications & Memberships |
| Certifications, Accreditations & Designations: |
CERTIFIED FINANCIAL PLANNER™ Certificant
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| Securities Licenses: |
Series 66, Series 7, Series 63
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| Insurance and Annuity Licenses: |
Disability, Variable Life, Long Term Care, Variable Annuity, Life, Accident, Annuity, Health
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| Financial Organization Memberships: |
Financial Planning Association (FPA)
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Firm Information |
| Number of Advisors in Office: |
Up to 10 employees
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| I work with clients as part of a team: |
Yes
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| Firm's Number of Clients: |
1500
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| Firm's Number of Planning Clients: |
1000+
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| Firm's Number of Managed Clients: |
100+
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| Assets Managed by Firm: |
$250,000,000
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| Advisor's Number of Clients: |
80
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| Advisor's Number of Managed Clients: |
80
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| Advisor's Number of Planning Clients: |
80
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| Assets Managed by Advisor: |
$20,000,000
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Compliance |
| Registered Representative: |
Yes
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| Compliance Disclosures in Last 5 years: |
I have a clean record
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| Criminal Disclosures in Last 5 years: |
I have a clean record
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Compensation & Fees |
| I am a fee-based financial professional: |
Yes
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| Minimum Portfolio Size for New Managed Accounts: |
$0
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| Compensation Methods: |
Hourly, Commissions, Based on Assets, Flat Fee
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| Fee % Based on Assets: |
1.00
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| Additional Details on Charges: |
Each client is different and a initial consultation is needed to figure out compensation structure
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| Minimum Fee Charged for Hourly Planning Accounts: |
$250
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| Prepared By: |
Michael Cammarata |
Frequently Asked Questions |
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Do you have a customer satisfaction or refund policy? |
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One of our main goals is to provide exceptional personal service to our clients. All fees associated with our work are discussed up-front and collected at the end of the financial planning process to ensure that potential clients are happy with the work we are doing. |
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What are your qualifications? What is your education background? |
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Mike graduated from St. Anselm College in Manchester, New Hampshire with a B.A. in Financial Economics in May 2004. He has obtained his Series 7 , Series 63 and Series 66 licenses. He also holds the Massachusetts Individual Insurance Producer’s License. Mike is also a member of the Financial Planning Association and is a Certified Financial Planner Practitioner(r). |
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What is your approach to financial planning? |
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We help our clients achieve their financial objectives by developing a comprehensive, personalized plan and work closely with them to monitor their plan over time. We help clients organize and understand their financial lives while tracking progress towards achieving their financial goals. |
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What services do you offer? |
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Capabilities/Specialties:
• Comprehensive Financial Planning
• Asset Allocation and Investment Management
• Retirement Planning
• Estate Planning
• Planning for business owners
• Evaluation of employee benefit plans
• Protection Planning / Risk Management
• Education Planning
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How many clients do you currently manage? |
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Will you be the only person working with me? |
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I will be the primary relationship manager. |
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How are you compensated? How will I pay for your services? |
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•Initial consultations are provided at no cost
•Fixed-fee financial planning varies based upon the complexity of the financial plan that is created ($250-$1800)
•Fee-only financial consulting is based on an hourly fee of $250 per hour
•Investment advisory fee is generally 1% of account value per year. |
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| Q. |
If you are going to manage my account, will you obtain my permission every time you buy or sell something? |
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Changes that are made to client accounts are discussed with each client. |
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Do you offer any guaranteed results? |
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Because of the nature of investing, we do not guarantee results. It would be inappropriate to do so. |
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How much risk should I be willing to take? |
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A comprehensive risk analysis including financial planning should be completed before any decisions on risk level should be made. You should be able to answer the question: How aggressive do I need to be and how conservative can I afford to be? The only way to answer this question is with a thorough analysis. |
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Have you ever been charged with any breaches? |
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What carrier(s) do you represent? |
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Through the financial planning process we may find a need for supplemental life, long term care or disability insurance. We help our clients obtain life insurance coverage on an independent basis. |
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What services do you provide? What are your specialties? |
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Capabilities/Specialties:
• Comprehensive Financial Planning
• Asset Allocation and Investment Management
• Retirement Planning
• Estate Planning
• Planning for business owners
• Evaluation of employee benefit plans
• Protection Planning / Risk Management
• Education Planning
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What is your experience? How many clients do you currently manage? |
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Mike graduated from St. Anselm College in Manchester, New Hampshire with a B.A. in Financial Economics in May 2004. He has obtained his Series 7 , Series 63 and Series 66 licenses. He also holds the Massachusetts Individual Insurance Producer’s License. Mike is also a member of the Financial Planning Association and is a Certified Financial Planner Practitioner(r). Approx. 80 clients |
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What financial institution(s) do you represent? |
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We are independent advisers that represent our clients as opposed to a particular company. |
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How do you charge for your services? |
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•Initial consultations are provided at no cost
•Fixed-fee financial planning varies based upon the complexity of the financial plan that is created. Fees range from $250-$1800
•Fee-only financial consulting is based on an hourly fee of $250 per hour
•Investment advisory fee is generally 1% of account value per year
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Do you provide a free initial consultation? |
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Why should I choose you as my financial advisor? |
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At the heart of our relationship you will have the assurance that you will consistently receive sound financial advice that is in your best interest and you fully comprehend. As a Certified Financial Planning Practitioner(r) I strive to build long lasting relationships with my client and I will work tirelessly to earn your trust and confidence on an ongoing basis. |
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What are your management fees? |
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Management fees depend upon the level of assets in the plan and the services that are being rendered. An individual consultation will be necessary. |
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What kind of plans do you specialize in? |
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Our capabilities range from installation of start up 401(k) plans for new companies to complex defined benefit plan strategies for business owners. |
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Do you have a minimum requirement for number of employees or total investment value? |
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What type of plans do you offer? |
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Because of our independence we are able to provide business with a variety of solutions. |
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