Omnica Wealth
180 Glastonbury Blvd
Suite 200
Glastonbury, CT 06033
8606574445
About Omnica Wealth
Omnica Wealth currently manages $891 million in assets and has a total of 984 clients as of September 2024.
No matter who you are or what you need, our commitment remains the same: to guide you through the financial intricacies of today with a clear vision for tomorrow, ensuring that you feel prepared for whatever the future may hold.
Financial planning touches every aspect of your life, inspiring our name. Omni means "all", "universal", "everything or everywhere"; a fitting moniker for a discipline that can lead to a better future and present for you, your loved ones, your business, you name it.
Plan like your life, lifestyle, and legacy depend on it.
See Disclosures
General Information
Firm Start Year
1999
No. of Employees
10-19
Firm CRD#
8032
Insurance License#
8439593
Name of Broker/Dealer
Commonwealth Financial Network
Name of Custodial Firm
Fidelity/National Financial Services
States Licensed in
CT,DC,DE,FL,MA,NC,NH,NY,PA,RI,SC,VA,VT
Years of Experience in Financial Services
15
Number of Years with Current Firm
3
Work Experience
Before joining Omnica Wealth, www.omnicawealth.com, Michael was a Wealth Management Advisor at TIAA in Hartford, CT. Like many advisors, Michael was not always a personal financial advisor. Michael started his career as a Software Developer for a start-up company, credited with developing one of the first, online trading platforms. Michael was also a Business Consultant, for the top Fortune 500 financial institutions, where he helped optimize computer systems, business processes, and procedures. During that time, he had the opportunity to become, an adjunct professor. He shared his expertise and mentored individuals transitioning into new careers. Over the next decade, Michael was a Project Manager at IBM, leading enterprise-wide resource planning projects for two major healthcare companies.
Work with the following types of clients
Businesses, Individual Investors, Non-Profit Organizations
Advisory Services Provided
Investment Advice & Management, Estate Planning & Trusts, Insurance Products & Annuities, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Tax Advice and Services, Financial Advice & Consulting, Legal Advice and Services
Compliance
Registered Representative
Yes
Investment Advisor Representative
Yes
Acknowledged fiduciary
Yes
Compliance Disclosures in Last 5 years
I have a clean record
Criminal Disclosures in Last 5 years
I have a clean record
Qualifications & Membership
Certifications, Accreditations & Designations
CFP®
Securities Licenses
Series 7, Series 63, Series 66
Insurance and Annuity Licenses
Variable Life, Long Term Care, Variable Annuity, Life, Health, Annuity, Disability
Compensation and Fees
Fee Structure
Fee-Based
Minimum Portfolio Size for New Managed Accounts
$500,000.00
Compensation Methods
Based on Assets
Additional Details on Charges
The cost of Professional Money Management is based on the amount of assets being managed on a declining scale: $500,000 - $1,000,000 @ 1.25% $1,000,000 - $2,000,000 @ 1.00% $3,000,000 and above @ .90%
Minimum Fee Charged for Managed Accounts
$5,000
Education
Bachelor of Business Administration - Business Administration & Management Information Systems
Western Connecticut State University
08/1988 -05/1990
Disclosures
RothIRA.org provides referrals to financial professionals. RothIRA.org is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for RothIRA.org to make these referrals, resulting in a conflict of interest.
Commonwealth Financial Network ADV 2A
https://adviserinfo.sec.gov/firm/brochure/8032
Additional Detailed Disclosures
https://content.commonwealth.com/media/RothIRA.org_Promoter_Disclosure-Lane_Segal.pdf
Disclaimer
Securities and advisory services offered through Commonwealth Financial Network®, Member FINRA/SIPC, a Registered Investment Adviser. Michael Palmer and Jeffrey Segal may discuss and/or transact business only with residents in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state. Please check Broker Check for a list of current registrations. Information presented on this site is for informational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any product or security.