Michael
Schaefer

Principal Asset Management

CRD#4296527
Investment Advisor
in Manlius, NY

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About this Advisor

Michael Schaefer is a financial advisor based out of Manlius, New York with 1 year of relevant experience. Schaefer is an advisor for Principal Asset Management. They have spent the entirety of their employment at Principal Asset Management. Schaefer has Series 63, Series 65 and Series 66 licenses, certifying them as both a securities agent and an investment advisor representative, and is able to advise clients in New York. Principal Asset Management is an advisory business that has its headquarters in Des Moines, IA. The firm has offices in 23 locations and a total of 1,925 financial advisors. It has $279 billion in assets under management among its 13,656 accounts, making it one of the biggest firms in the country by assets under management. The firm serves 500 charitable organizations. Of its 13,656 customer accounts, just 2% are associated with high-net-worth investors who have at least $1 million in assets available to invest. Principal Asset Management has a number of services, including portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for institutional clients, selection of other advisers, educational seminars and other services. Fees for financial advice typically vary depending on which services the firm provides the client. However, fees billed by Principal Asset Management may include any blend of asset-based, fixed, performance-based and other fees.

Certifications and Registrations

Series 63, Series 65, Series 66

Years Registered*

1 year

Services Offered

Portfolio management for individuals and/or small businesses, Portfolio management for investment companies, Portfolio management for pooled investment vehicles, Portfolio management for businesses or institutional clients, Selection of other advisers, Educational seminars/workshops, Other

Fee Structure

Percentage of Assets, Fixed Fees, Performance-based Fees, Others

Office Location

Manlius, NY

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Principal Asset Management Brokerage Details

Total Assets Under Management

$279,108,496,692

NY Average: $9,259,360,772
Total Number of Employees

1,925

NY Average: 166
Total Number of Accounts

13,656

NY Average: 7,189
Average Account Size

$20,438,525

NY Average: $1,287,990

Investment Advisory Services

  • Portfolio management for individuals and/or small businesses
  • Portfolio management for investment companies
  • Portfolio management for pooled investment vehicles
  • Portfolio management for businesses or institutional clients
  • Selection of other advisers
  • Educational seminars/workshops
  • Other

Michael Schaefer Work History

Michael has been registered as a financial advisor for 1 years.*

2011 - Present (13 years)

Principal Funds Distributor, Inc

*The number of years registered in this profile is calculated by taking the year of an advisor's first active registration and subtracting it from the current year.

Disclosures

Please visit the SEC profile of Michael Schaefer to learn whether or not they have any disclosures. It is important to do your due diligence when looking for an advisor.

Financial Advisors at Principal Asset Management

Kyle Vanourny
Overland Park, KS
Bradley Hanus
Des Moines, IA
Jason Arata
Folsom, CA
Matthew Quick
Des Moines, IA
Kate Davidson
Austin, TX
Kelsey Meighan
Nashville, TN
Kenneth Burd
Des Moines, IA
Wyatt Boshart
Des Moines, IA

The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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