Michael Blumenfeld provides fully customized fixed income solutions to select clientele. Through a highly personalized and disciplined approach, we help build and manage tailored fixed income portfolios focused around wealth preservation, tax-efficient income and liquidity. While most of our clients have complex ownership structures, we spend the necessary time to develop a comprehensive understanding of their situation, investment goals and risk tolerances.
Michael prides himself on giving our clients a level of personalized attention and direct access not found at other investment firms. As a PIM Portfolio Manager* with over a decade of asset management experience, Michael acts as both Financial Advisor and Portfolio Manager, investing directly on behalf of his clients (no third parties).
Investments in fixed-income securities are subject to market, interest rate, credit and other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a general rise in interest rates can cause a bond’s price to fall. Credit risk is the risk that an issuer will default on payments of interest and/or principal. This risk is heightened in lower rated bonds. If sold prior to maturity, fixed income securities are subject to market risk. All fixed income investments may be worth less than their original cost upon redemption or maturity.
Fees for the PIM program include Advisory services, performance measurement, transaction costs, custody services and trading. Fees are based on the assets in the account and are assessed quarterly. There is a minimum fee of $250 per calendar quarter to maintain this type of account. The fees do not cover the fees and expenses of any underlying packaged product used in your portfolio. Advisory accounts are not appropriate for all investors. During periods of lower trading activity, your costs might be lower if our compensation was based on commissions. Please carefully review the Wells Fargo Advisors advisory disclosure document for a full description of our services, including fees and expenses. The minimum account size for this program is $50,000.