AP

Andrew Michael Panyik

30 Years of Experience

Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
394 advisors
Number of Clients
14,898 clients
Average Client Portfolio
$223K average
Assets Under Management
$3.3B

Fee Structure

Minimum Investment:$10K
Minimum Annual Fee:$63
Financial Plan Fee:$250 - $1,000
Hourly Rate:Up to $450/hr

Portfolio management fees are asset-based and vary by program, typically around 2% annually for GPS programs, but this can vary. There's usually a minimum quarterly fee of $62.50. Some clients pay a one-time 2.5% financial planning fee, which may be reduced or waived. Financial planning fees are negotiated, with a minimum quarterly fee of $250-$1,000. Consulting fees are hourly, not exceeding $450/hour. Clients also pay brokerage, custodial, and fund expenses.

Areas of Practice
Investment ManagementRetirement PlanningEstate PlanningTax Planning
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Advisor Information

Office location

11440 Jog Road, Palm Beach Gardens, FL, 33418

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Regulatory History (1)
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Criminal
July 1985
Final Disposition
Other Business Activities

Andrew is the owner of Panyik Financial, LLC, which operates as Money Concepts Wealth Management & Financial Planning Centre. He dedicates all of his time during securities hours to this investment-related activity.

Employment History
Current Registrations
Money Concepts Advisory Service
June 2012 - Present · 13 yrs 7 mos
Money Concepts Capital CORP Broker
June 2012 - Present · 13 yrs 7 mos
Previous Registrations
Woodbury Financial Services, INC.
November 2005 - June 2012 · 6 yrs 7 mos
Woodbury Financial Services, INC.Broker
November 2005 - June 2012 · 6 yrs 7 mos
Lincoln Financial Advisors Corporation
January 2001 - November 2005 · 4 yrs 10 mos
Lincoln Financial Advisors CorporationBroker
January 2001 - November 2005 · 4 yrs 10 mos
The Lincoln National Life Insurance CompanyBroker
January 2001 - November 2005 · 4 yrs 10 mos
New England SecuritiesBroker
November 1995 - December 2000 · 5 yrs 1 mo
State Registrations5 states
COFLOHWIWV
AdvisorBrokerBoth
Exams
No exam information available for this advisor.
Andrew Michael Panyik - Financial Advisor | AdvisorDiscover