Michael Steven Lomas
Firm Information
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Financial planning fees range from $500 to $10,000 based on complexity. Hourly consulting rates range from $150 to $300 per hour. Advisory fees for asset management services (Mutual Fund, ETF, and Third-Party Manager Selection) range up to 2.50% of assets. Stock Portfolio Management fees range up to 2.75%. Fees are billed quarterly in arrears, based on the average daily balance of the previous quarter. The firm may waive or negotiate fees at its discretion.
Areas of Practice
Advisor Information
Office location
305 Spindrift Drive, Williamsville, NY, 14221
Get directionsRegulatory History (5)
Customer Dispute
August 2016Customer Dispute
May 2013Customer Dispute
April 2011Customer Dispute
August 2010Customer Dispute
January 2000Other Business ActivitiesSells Insurance
Michael has several business activities, including ownership in Independent Solutions Wealth Managment, LLC, Financial Guys, LLC, Neiman Funds Management, Peak Reps, LLC, The Financial Guys Insurance, LLC, 305 Spindrift, LLC, Peak Brokerage Services, LLC, Mochua Properties LLC, The Financial Guys Media, and Lomas Motorsports. He also works in insurance sales, including Medicare/Medicaid and property and casualty insurance, and is a mutual funds advisor.