Michael Stephan Mare

Nova Financial Services

17 Years of Experience

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Firm Information

Nova Financial Services

Compensation

Fee-Only (AUM)Fixed/Hourly

Number of Advisors

8 advisors

Number of Clients

737 clients

Average Client Portfolio

$531K average

Assets Under Management

$391.2M

Fee Structure

Minimum Investment:None

Financial Planning:Included in AUM fee

AUM-Based Fees (Tiered)

Assets Under Management	Annual Fee
Up to $500K	2.50%
$500K - $2.0M	2.25%
$2.0M - $5.0M	2.00%
$5.0M - $10.0M	1.75%
$10M+	1.75%

Fees negotiable for accounts over $10,000,000.

Fee Estimator

Your Portfolio Value

$500K

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

Estimated Annual Fee

—

Financial Plan Fee:$1,500 - $10,000

Hourly Rate:$100 - $500/hr

Fees for asset management and pension consulting are based on a percentage of assets under management. Financial planning and consulting fees are charged on an hourly basis ($100-$500) or a flat fee basis ($1,500-$10,000), depending on the complexity. Fees are negotiable. Some associates may sell securities for a commission.

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Areas of Practice

Investment ManagementRetirement PlanningEstate PlanningCharitable GivingEducation PlanningTax Planning

Advisor Information

Office location

90 S. Cascade Avenue, Ste. 1010, Colorado Springs, CO, 80903

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Regulatory History (1)

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

February 2021

Settled

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Other Business Activities

Michael is a freelance singer since 2014, dedicating about 10-20% of his time to this activity. He is also the CEO of Nova Financial, LLC dba Quantum Wealth Strategies LLC, a pass-through entity for fees/commissions, spending a few hours per week on this investment-related activity.