My Story

Not too long ago, a client told me that one of the major differences between his previous advisor and me was that I actually seemed to care about him as a person, not just as an investor.

I can’t tell you how gratifying that was, because that’s exactly how I feel about every client I serve.

I’ve been a Financial Advisor for more than 25 years and during that time, I’ve noticed that many of my clients tend to be a little like me. They want more than market commentary and investment recommendations. They want a relationship with someone who truly understands who they are and what they want out of life. They want a confidant whom they can trust with intimate information about their families, careers and aspirations.

I want my clients to know that their challenges are my challenges and that I am with them every step of the way – through unforeseen emergencies and disappointments, as well as triumphs and celebrations. My clients rely on me for help in determining where they are and what they must do to get where they want to go. And I rely on them to fulfill my passion for helping people lead the lives they want for themselves and their families.

As a CERTIFIED FINANCIAL PLANNER™ who has worked with clients from all over the US, not to mention The Bronx, Brooklyn, Staten Island, Queens, Manhattan and Long Island, I believe that in many cases, I have made a difference in their ability to retire as planed and achieve greater financial security. As we work together, we’ll follow a clear, disciplined process to help you feel informed and confident about every step we take. And, if necessary, I’ll consult with experts from specialized areas at Morgan Stanley to provide the comprehensive financial support you need.
Services Include
  • Stock Option Plans1
  • Stock Purchase Plans
  • Financial Planning2
  • 401(k) Rollovers
  • Asset Management3
  • 529 Plans4
  • Executive Financial Services5
  • Cash Management6
  • Corporate Retirement Plans7
  • Estate Planning Strategies8
  • Life Insurance9
Securities Agent: CA, CO, CT, FL, IN, NH, NJ, NY, TX; Investment Advisor Representative; General Securities Representative
NMLS#: 1297744
Check the background of Our Firm and Investment Professional on FINRA's BrokerCheck.*

Clients

Some of my clients are in the prime of their careers. Others are approaching retirement or already retired. Still others have inherited their wealth, but more often than not, they have worked for it their entire lives and need an advisor to help them proceed with greater confidence toward the goals they’ve set for themselves. These might involve:

-Generating income for day-to-day expenses that lasts as long as they live
-Providing children or grandchildren with a financial boost without jeopardizing their own future security
-Adapting to transitions that they didn’t expect like the death of a spouse, loss of a job, divorce or the need to care for an aging parent

I cherish the trust that my clients place in me and do all I can to not only earn that trust, but continue to deserve it over time. I find it especially gratifying when clients share their life experiences with me and seek my advice before buying a home, leasing a car, starting a college savings plan for their newborn or making any financial decision.
    Born in Brooklyn, Mike learned the value of hard work at an early age, helping his parents at their lower East Side store. After graduating cum laude from Brooklyn College with a BS in Business Management and Finance, he set out to pursue his dream of becoming a Financial Advisor. Over the next 20 years, Mike worked at several well-known firms and realized that what he liked most about his career was learning about his clients and helping them surmount the challenges standing between them and their most important goals. He joined Morgan Stanley in 2013 because he wanted an environment that would provide him with the independence to implement his clients’ investment and financial plans as he saw fit, not solely with proprietary products.

    Today, Mike is a CERTIFIED FINANCIAL PLANNER™ with the credentials and experience to help clients plan their estates, use debt wisely, manage risk and retire with confidence, as well as structure their investments to meet their unique objectives and risk tolerance. Outside the office, he leads an active lifestyle, playing golf, riding his bike and landscaping the property in the Rockaways where he and his family recently moved. Mike is also an enthusiastic supporter of his Chabad congregation and a member of the Brooklyn Chamber of Commerce. He and his wife Ellina take a special interest in organizations committed to helping children with autism.

      Education

      • Brooklyn College B.S. Business Management and Finance Brooklyn, New York
      • Certified Financial Planner (CFP)
      • Series 7: General Securities Representative Exam
      • Series 63:The Uniform Securities Agent State Law Examination
      • Series 65: Uniform Registered Investment Advisor Examination
      • New York Life and Health Insurance License
      I earned my CERTIFIED FINANCIAL PLANNER™tm relatively early in my career because I realized my clients were looking to me for guidance in every aspect of their finances, not just their investments. My approach to planning encompasses the following steps:
      • Discovery
        What do you hope to achieve for yourself and your family? What do you fear might be standing in your way? As an experienced Financial Advisor, I understand the importance of listening before I offer possible recommendations. Our conversations will explore your aspirations, apprehensions and unique circumstances. Only when I have a thorough understanding of these will I create your personalized plan
      • Plan Development
        Every goal has a price associated with it. How much will it cost you to maintain your lifestyle in retirement, for example, or send your children to the college of their choice? Once we develop realistic cost estimates, we will weigh them against your savings, potential future sources of income and other resources that might be available to you. Depending on whether you have a gap or a surplus, we will create a plan with tangible recommendations.
      • Implementation
        When it comes to formulating investment strategies, I make certain I consider:

        -Whether your investments are aligned with your risk tolerance
        -Where sources of risk might lie
        -How investments might perform under different market scenarios

        Beyond investing, I work with Morgan Stanley professionals to help clients plan their estates, use debt more wisely, protect their families with insurance and pursue a variety of other critical goals.
      • Monitoring
        As you would expect, I keep a close watch on your investments and overall finances to make certain you are properly positioned, given changes in market conditions or your individual life circumstances. I take pride in the ongoing service I provide and that fact that clients count on me to watch over their financial lives and help them progress toward the goals they hold most critical.

      Location

      1290 Ave Of Americas
      13th Fl
      New York, NY 10104
      US
      Direct:
      (212) 492-6910(212) 492-6910
      Toll Free:
      (800) 917-9662(800) 917-9662
      Fax:
      (212) 492-6352(212) 492-6352

      Investment and Market Perspectives

      On the Markets

      Retirement

      Working with you to understand your life goals and develop a personalized wealth strategy. Today and for the years to come.
      • 401(k) Rollovers
      • IRA Plans
      • Retirement Income Strategies
      • Retirement Plan Participants
      • Annuities
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      Investing

      Working closely with you to guide your wealth and investments through the most challenging market cycles.
      • Asset Management
      • Wealth Planning
      • Traditional Investments
      • Alternative Investments
      • Impact Investing
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      Business Planning

      Helping you on key aspects of your business such as ownership, liquidity and developing opportunities.
      • Succession Planning
      • Business Planning
      • Retirement Plan Sponsors
      • Qualified Retirement Plans
      • Corporate Pension Funds
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      Ready to start a conversation? Contact Mike Berman today.
      Market Information Delayed 20 Minutes
      Certified Financial Planner™ Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with flame logo)® in the U.S., which it awards to individuals who successfully complete CFP® Board's initial and ongoing certification requirements.

      1Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

      2Morgan Stanley offers a wide array of brokerage and advisory services to its clients, each of which may create a different type of relationship with different obligations to you. Please consult with your Financial Advisor to understand these differences.

      3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

      4Investors should consider many factors before deciding which 529 plan is appropriate. Some of these factors include: the Plan’s investment options and the historical investment performance of these options, the Plan’s flexibility and features, the reputation and expertise of the Plan’s investment manager, Plan contribution limits and the federal and state tax benefits associated with an investment in the Plan. Some states, for example, offer favorable tax treatment and other benefits to their residents only if they invest in the state’s own Qualified Tuition Program. Investors should determine their home state’s tax treatment of 529 plans when considering whether to choose an in-state or out-of-state plan. Investors should consult with their tax or legal advisor before investing in any 529 Plan or contact their state tax division for more information. Morgan Stanley Smith Barney LLC does not provide tax and/or legal advice. Investors should review a Program Disclosure Statement, which contains more information on investment options, risk factors, fees and expenses and possible tax consequences.

      5Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

      6Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.

      Investment, insurance and annuity products offered through Morgan Stanley Smith Barney LLC are: NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED | NOT A BANK DEPOSIT | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

      7Tax laws are complex and subject to change. Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice and are not “fiduciaries” (under ERISA, the Internal Revenue Code or otherwise) with respect to the services or activities described herein except as otherwise provided in writing by Morgan Stanley and/or as described at www.morganstanley.com/disclosures/dol . Individuals are encouraged to consult their tax and legal advisors (a) before establishing a retirement plan or account, and (b) regarding any potential tax, ERISA and related consequences of any investments made under such plan or account.

      8Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

      9Insurance products are offered in conjunction with Morgan Stanley Smith Barney LLC’s licensed insurance agency affiliates.

      The information, products and services described here are intended only for individuals residing in states where this Financial Advisor is properly registered as described in this site.

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      The securities/instruments, services, investments and investment strategies discussed in this material may not be suitable for all investors. The appropriateness of a particular investment, investment strategy or service will depend on an investor's individual circumstances and objectives. Morgan Stanley Smith Barney LLC recommends that investors independently evaluate particular investments, strategies and services, and encourages investors to seek the advice of a Financial Advisor or Private Wealth Advisor. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it.

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      *References to length of service at Morgan Stanley include years at Morgan Stanley and predecessor firms.


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