Schupak Financial Advisors
Founder and Financial Advisor
The combination of my tax expertise (EA) and Financial Planning (CPF Professional) help provide an excellent combination to help clients achieve their goals. Many of my clients have complex employer equity situations.
Michael Schupak is a Jersey City & NYC fee-only financial planner. Schupak Financial Advisors provides holistic, comprehensive and objective financial planning, including tax planning and investment management to help Millennials, professionals and high networth clients organize, grow and protect their assets through life’s transitions. As a fee-only, fiduciary, and independent financial advisor, Michael Schupak is never paid a commission of any kind, and has a legal obligation to provide unbiased and trustworthy financial advice.
Michael Schupak is a Certified Financial Planner professional and holds the Enrolled Agent designation which is the highest credential the IRS awards.
Hi, I’m Mike Schupak, founder of Schupak Financial Advisors.
Financial planning and investing can be both intimidating and overwhelming. I want to be there to help you understand your financial picture, plan for the future and to help you avoid making costly mistakes that you may regret down the road.
I am passionate about what I do and truly care about the clients I work with. I’m patient, detail orientated and enjoy teaching others. Being left brain dominant, I have a love for probability and numbers. I enjoy reading the latest white papers on investing and appreciate the variety that comes with each financial planning engagement.
Outside of work, I love to spend time with my wife. We are avid skiers and she has spread her travel bug to me over time. I strive to always eat healthy but burgers and pizza occasionally get in the way. I’m a big NY Jets fan, otherwise a casual sports fan. I’m always up for a game of chess, basketball or a round of golf.
I grew up in Rockland County (a NYC suburb) and traveled to the west coast to attend Arizona State University where I was a finance major and graduated cum laude. I then worked in a corporate environment at both start-up and fortune 500 companies for over 10 years in: financial planning & analysis, tax, insurance, accounting, debt financing and treasury. I lived in Scranton, PA (as “The Office” gained popularity) before moving to Chicago for a few years and eventually back to New York City. Ultimately, I decided to pursue my passion, financial planning, and pivot from helping corporations plan and improve their finances to serving individuals and families. I’ve earned a Certificate of Financial Planning from Boston University, completed the Financial Planning Association Residency Program and I am a Certified Financial Planner™ professional.
Michael Schupak is a Member of the National Association of Personal Financial Advisors
The National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors - highly trained professionals who are committed to working in the best interests of those they serve.
NAPFA members live by three important values:
- To be the beacon for independent, objective financial advice for individuals and families.
- To be the champion of financial services delivered in the public interest.
- To be the standard bearer for the emerging profession of financial planning.
Our Investing philosophy is centered around global diversification with low fee and low turnover holdings. Our portfolios are grounded on the research and published works from well-known and Nobel Prize winning scholars such as:David Booth, Eugene Fama (Nobel Prize Winner of Economics), Robert Shiller (Nobel Prize Winner of Economics) and Mebane Faber.
Financial Planning - We believe a “bottoms up” cash flow approach is the cornerstone to completing a robust comprehensive financial plan. In our opinion, these inputs provide the most accurate projections for your financial future. In general, we prefer term life insurance and stay clear of annuities. Debt can be a great tool to increase your wealth, but can also be crippling, so it should be taken on cautiously. We expect financial plans to change over time, sometimes for better and other times for worse. However, we believe by working with you along the way, we can anticipate potential challenges and proactively, not reactively, positively impact your future.
Fees - We work with all of our clients on an ongoing basis. Fees are charged on a tiered Assets Under Management (AUM) schedule ranging from 0.95% - 0.45%. For clients who we manage less than $300K for, we bill a $1K up front and a monthly fee typically between $200 - $400. The monthly fee declines (and eventually goes away) as one's managed investments approach $300K.
Fee-Only, Fiduciary, Independent: Three Important Criteria to Consider When Choosing a Financial Advisor.
- Comprehensive Financial Planning
- Retirement Income Planning
- Investment Management
- Cash Flow Planning
- Tax Planning
- Growing Families
- Sudden Money Situations
- Novice Investors
- emerging affluent
- urban dwellers
- In-Office Meetings
- Virtual Meetings
- Clearly Defined Fees
- No Product Sales
- Complimentary Initial Consultation
Professional Designations & Affiliations
Michael Schupak is a NAPFA-Registered Financial Advisor
The National Association of Personal Financial Advisors (NAPFA) is a leading professional association of Fee-Only financial advisors—highly trained professionals who are committed to working in the best interests of those they serve.
Michael Schupak is a CERTIFIED FINANCIAL PLANNER™ Professional - Click for Verification
CFP® professionals are held to strict ethical standards to ensure financial planning recommendations are in your best interest. What’s more, a CFP® professional must acquire several years of experience related to delivering financial planning services to clients and pass the comprehensive CFP® Certification Exam before they can use the CFP® designation.
Michael Schupak is a Member of the XY Planning Network
The XY Planning Network is the leading organization of fee-only financial advisors who are focused on working with Generation X and Generation Y clients. Our mission is to connect consumers with best-in-class financial advisors who specialize in working with clients just like you.
Schupak Financial Advisors is an Approved Dimensional Funds Advisor
Dimensional Fund Advisors is a leading global investment firm that has been translating academic research into practical investment solutions since 1981. Guided by a strong belief in markets, the firm builds and implements strategies to help clients pursue higher expected returns. An enduring philosophy, strong client commitment, and deep working relationships with the academic community underpin Dimensional’s approach to investing and form the foundation for new strategies.
Contact Michael Schupak
101 Hudson Street
Jersey City, NJ 07302
54 W. 40th St.
New York, NY 10018