Michael Anthony Canet

Prostatis Financial Advisors Group

27 Years of Experience

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Firm Information

Prostatis Financial Advisors Group

Compensation

Fee-Only (AUM)Fixed/Hourly

Number of Advisors

16 advisors

Number of Clients

1,639 clients

Average Client Portfolio

$311K average

Assets Under Management

$508.9M

Fee Structure

Minimum Investment:None

Financial Planning:Charged separately

AUM-Based Fees (Tiered)

Assets Under Management	Annual Fee
Up to $250K	2.00%
$250K - $500K	1.50%
$500K - $1.5M	1.00%
$1.5M - $2.5M	0.90%
$2.5M - $3.5M	0.80%
$3.5M+	0.75%

Fees are negotiable on a client-by-client basis.

Fee Estimator

Your Portfolio Value

$500K

$0$500K$1M$5M$20M

Estimated Annual Fee

—

Financial Plan Fee:$550 - $3,500

Hourly Rate:Up to $325/hr

Prostatis charges an annual fee based on a percentage of assets under management, billed monthly in arrears. They also utilize independent sub-advisors who charge an additional fee not to exceed 0.20%. Financial planning services are available for a separate fixed fee ranging from $550 to $3,500, or an hourly rate of $325. Fees are negotiable.

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Areas of Practice

Investment ManagementRetirement PlanningEstate PlanningTax PlanningFinancial Planning & CoachingHigh Net Worth

Advisor Information

Office location

7580 Buckingham Blvd., Suite 180, Hanover, MD, 21076

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Regulatory History (4)

What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.

Customer Dispute

August 2016

Settled

Customer Dispute

August 2008

Settled

Customer Dispute

September 2007

Closed-No Action

Regulatory

April 1998

Final

View Full SEC Report How to Read Disclosures

Other Business Activities

Michael owns rental property and is the owner of Michael Canet, LLC, a law practice, and Prostatis Group, LLC. He also sits on the board of a nonprofit organization and is an independent author, dedicating minimal time to the rental property and a few hours per week to the law practice.