Michael S. Tumer

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CRD#: 1639551

Professional summary

Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.

That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.

Michael Savas Tumer, CFP®, who also goes by Mustafa Tumer, Savas Mustafa Tumer, was a registered financial professional .

Michael is a previously registered financial professional and started their career in finance in 1987. Michael had worked at 10 firms and has passed the Series 63, Series 7, Series 27 and Series 24 exams.

Question & Answer

Are you a "fiduciary"?

Aliases

Mustafa Tumer | Savas Mustafa Tumer

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

CFP^®

Certified Financial Planner

Start date: 1990

Experience

Past

April 6, 2023 - March 2, 2026

CLARION ADVISORS INC.

RIA

CRD#: 131081

AUBURN, CA

Past

January 5, 2006 - October 15, 2008

APW CAPITAL, INC.

CRD#: 43814

PARSIPPANY, NJ

Past

January 29, 2003 - January 5, 2004

INVESTMENT SECURITY CORPORATION

CRD#: 47536

CALABASAS, CA

Past

January 2, 2001 - May 16, 2001

NORTHEAST SECURITIES, LLC

CRD#: 25996

MITCHELFIELD, NY

Past

August 8, 2000 - June 15, 2023

BAYHILL ADVISORS, INC.

RIA

CRD#: 127419

DAVIS, CA

Past

April 12, 2000 - October 19, 2000

SUNAMERICA SECURITIES, INC.

CRD#: 20068

PHOENIX, AZ

Past

July 1, 1996 - March 31, 2000

NATIONWIDE INVESTMENT SERVICES CORPORATION

CRD#: 7110

COLUMBUS, OH

Past

August 12, 1994 - July 1, 1996

NATIONWIDE SECURITIES, LLC

CRD#: 11173

COLUMBUS, OH

Past

May 31, 1991 - January 1, 1994

FINANCIAL WEST GROUP

CRD#: 16668

RENO, NV

Past

March 25, 1987 - May 22, 1991

AMERIPRISE FINANCIAL SERVICES, LLC

CRD#: 6363

MINNEAPOLIS, MN

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

CLARION ADVISORS INC.

BUTERA CAPITAL MANAGEMENT | CLARION ADVISORS INC. | BUTERA, ROBERT LOUIS

CRD#: 131081 / SEC#: 801-130105

RIA

Registered Investment Advisory firm - (4/29/2024 Approved)

Arizona

Registered Investment Advisory firm - (5/2/2024 Terminated)

California

Registered Investment Advisory firm - (6/1/2024 Terminated)

Tennessee

Registered Investment Advisory firm - (5/2/2024 Terminated)

Texas

Registered Investment Advisory firm - (5/2/2024 Terminated)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

Visual representation of state registrations

This advisor is not registered in any state.

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state.

Exams

State Security Law Exam

Series 63

Date: 8/21/1989

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 7

Date: 3/21/1987

General Securities Representative Examination

Principal/Supervisory Exam

Series 27

Date: 1/6/2001

Financial and Operations Principal Examination

Principal/Supervisory Exam

Series 24

Date: 9/8/1998

General Securities Principal Examination

Current Firm

CLARION ADVISORS INC.

BUTERA CAPITAL MANAGEMENT | CLARION ADVISORS INC. | BUTERA, ROBERT LOUIS

CRD#: 131081 / SEC#: 801-130105

RIA

Registered Investment Advisory firm - (4/29/2024 Approved)

Arizona

Registered Investment Advisory firm - (5/2/2024 Terminated)

California

Registered Investment Advisory firm - (6/1/2024 Terminated)

Tennessee

Registered Investment Advisory firm - (5/2/2024 Terminated)

Texas

Registered Investment Advisory firm - (5/2/2024 Terminated)

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Contact information

Main Address

1519 Lincoln Way, Auburn, CA 95603

Mailing Address

Phone number

(530) 889-0200

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (7 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

ADV PART II A (3/6/2026)

Regulatory assets under management

Total Number of Accounts	1,244
AUM (Assets Under Management)	$ 110,938,000

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Michael S. Tumer

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

CLARION ADVISORS INC.

APW CAPITAL, INC.

INVESTMENT SECURITY CORPORATION

NORTHEAST SECURITIES, LLC

BAYHILL ADVISORS, INC.

SUNAMERICA SECURITIES, INC.

NATIONWIDE INVESTMENT SERVICES CORPORATION

NATIONWIDE SECURITIES, LLC

FINANCIAL WEST GROUP

AMERIPRISE FINANCIAL SERVICES, LLC

Primary Firm SEC Registration

CLARION ADVISORS INC.

State Registrations and Notice Filings

Exams

Series 63

Date: 8/21/1989

Series 7

Date: 3/21/1987

Series 27

Date: 1/6/2001

Series 24

Date: 9/8/1998

Current Firm

CLARION ADVISORS INC.

Contact information

SEC notice filing (7 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

CLARION ADVISORS INC.

TRUST BUT VERIFY

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