Michael R. Panico
ARCADIA WEALTH MANAGEMENT
MANCHESTER, NH 03101
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CRD#: 4677661
Michael Richard PanicoARCADIA WEALTH MANAGEMENT
Professional summary
Michael Richard Panico, CFP® is a registered financial advisor currently at ARCADIA WEALTH MANAGEMENT, LLC located in Manchester, New Hampshire.
Michael is registered as an IAR (Investment Advisor Representative) and started their career in finance in 2003. Michael has worked at 5 firms and has passed the Series 66, SIE and Series 7 exams.
At a Glance
Always Fiduciary
Aliases
None
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.
Michael Richard Panico iis a licensed insurance agents and appointed with various unaffiliated insurance carriers via our insurance agency Arcadia Financial Group LLC. and from time to time, will offer clients advice or products from those activities. Further information with regard to these other activities may be found in each associate's accompanying Form ADV Part 2B brochure supplement. Clients should be aware that these services pay a commission or other compensation, These activities create a conflict of interest as there is an incentive to recommend insurance products based on the compensation received from the insurance company for the sale of an insurance product, rather than on the client's needs. Additionally, the offer and sale of insurance products by representatives of AWM are not made in the representatives' capacity as a fiduciary and are limited to insurance providers that have agreements to sell with Arcadia Financial Group. Commissionable products conflict with the fiduciary duties of a registered investment adviser. This conflict of interest is mitigated in the following ways: -AWM will evaluate the facts and circumstances to determine whether it is in a client's best interest for AWM to recommend that a commissionable product be obtained from a related person of AWM. -AWM requires all of its representatives to always act in the best interest of the client, including permitting its representatives who are insurance agents to recommend insurance products only in the best interests of the client. -AWM representatives will disclose in advance how they are being compensated and all conflicts of interest involving any advice or service being provided. -At no time will there be tying between business practices and/or services; a condition where a client or prospective client would be required to accept one product or service which is conditional upon the selection of a second, distinctive tied product or service. -No client is ever under any obligation to purchase any insurance product. Insurance products recommended by Arcadia Financial Group representatives may also be available from other providers on more favorable terms, and clients can purchase insurance products recommended by Arcadia Financial Group through other, non-affiliated insurance agencies. AWM will always act in the best interest of the client. AFG is located at 44 Stiles Road, Suite 2, Salem, NH 03079. Mr. Panico devotes approximately 150 hours/month to his activities as an insurance agent, all of that time is during securities trading hours. He represents AFG in the sale of insurance products. PC178 Arcadia Strategic Benefits;Manager;investment related: Yes;44 Stiles Rd, Suite 2, Salem, NH 03079;PC178 Arcadia Strategic Benefits manages all activity related to the captive insurance program that protects Arcadia Financial Group, LLC.; General management of captive insurance program.; 2018-01-18; Hours devoted to business outside trading hours: 1; Arcadia Tax / Arcadia Financial Group; CEO; Investment related: No; 155 Dow Street - Suite 301 Manchester NH 03101 United States; Arcadia Tax provides tax preparations services and tax planning.; Duties: Michael Panico is the principal owner of Arcadia Tax and oversees its operations. He does not engage in any tax preparations service. ; 2021-10-21; Hours per month devoted to business during trading hours: 5; Hours per month devoted to business outside trading hours: 5; Percentage of total yearly compensation expected to be derived from the business: 10;
CRS (Client Relationship Summary) - RIA
Click below to view Michael Richard Panico's CRS (Customer Relationship Summary).
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®
Start date: 2008
Experience
Current
October 7, 2016 - Present
ARCADIA WEALTH MANAGEMENT, LLC
Office #1: 155 Dow Street Suite 301, Manchester, NH 03101RIA
CRD#: 284925
MANCHESTER, NH
Past
January 31, 2011 - October 31, 2016
GWN SECURITIES INC.
RIA
CRD#: 128929
Salem, NH
Past
January 31, 2011 - October 31, 2016
GWN SECURITIES INC.
BD
CRD#: 128929
Salem, NH
Past
December 5, 2005 - February 4, 2011
EQUITY SERVICES, INC.
BD
CRD#: 265
NEWTON, MA
Past
August 8, 2003 - November 9, 2005
IDS LIFE INSURANCE COMPANY
BD
CRD#: 6321
MINNEAPOLIS, MN
Past
August 8, 2003 - November 9, 2005
AMERIPRISE FINANCIAL SERVICES, LLC
BD
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".
AW
ARCADIA WEALTH MANAGEMENT, LLC
ARCADIA WEALTH MANAGEMENT, LLC
CRD#: 284925 / SEC#: 801-121212
RIA
Registered Investment Advisory firm - (5/14/2021 Approved)Massachusetts
Registered Investment Advisory firm - (6/9/2021 Terminated)New Hampshire
Registered Investment Advisory firm - (6/9/2021 Terminated)State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.Highlighted states indicate IAR registrations
IAR
Massachusetts(3/2/2017)
IAR
New Hampshire(10/7/2016)
IAR
Texas(5/24/2022)
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
Current Firm
AW
ARCADIA WEALTH MANAGEMENT, LLC
ARCADIA WEALTH MANAGEMENT, LLC
CRD#: 284925 / SEC#: 801-121212
RIA
Registered Investment Advisory firm - (5/14/2021 Approved)Massachusetts
Registered Investment Advisory firm - (6/9/2021 Terminated)New Hampshire
Registered Investment Advisory firm - (6/9/2021 Terminated)Loading...
Contact information
Main Address
155 Dow Street Suite 301, Manchester, NH 03101
Mailing Address
Phone number
(603) 681-9190
Established
Firm type
Fiscal year end
# of Employees
19
SEC notice filing (7 States and Territories)
Documents
Regulatory assets under management
| Total Number of Accounts | 2,615 |
| AUM (Assets Under Management) | $ 380,224,278 |
Red Flags
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