Marino, Stram and Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, insurance, and philanthropic planning. Financial planning was provided to 11–25 clients last fiscal year.
Marino, Stram and Associates reports 1,338 clients. They include 850 individual clients, 474 high-net-worth individuals, and 14 pension and profit-sharing plans. Of its assets, 97.5% ($1.37B across 3,252 accounts) are managed with discretion; $35.8M across 19 accounts are not. It advised 29 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 64% | 20% |
| High-net-worth individuals | 35% | 77% |
| Pension and profit-sharing plans | 1% | 3% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 850 | $288M | 20.5% | $339K |
| High-net-worth individuals | 474 | $1.08B | 76.7% | $2.27M |
| Pension and profit-sharing plans | 14 | $36.9M | 2.6% | $2.64M |
| Corporations and other businesses | Fewer than 5 | $2.03M | 0.1% | — |
| Total | 1,338 | $1.41B | 100% | — |
- Clients
- 850
- Regulatory AUM
- $288M
- AUM share
- 20.5%
- Avg. per client
- $339K
- Clients
- 474
- Regulatory AUM
- $1.08B
- AUM share
- 76.7%
- Avg. per client
- $2.27M
- Clients
- 14
- Regulatory AUM
- $36.9M
- AUM share
- 2.6%
- Avg. per client
- $2.64M
- Clients
- Fewer than 5
- Regulatory AUM
- $2.03M
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 1,338
- Regulatory AUM
- $1.41B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 29
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 11–25
Marino, Stram and Associates charges up to 1.50% a year for its Investment management services. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Hourly from $100 to $1,000, or a fixed fee from $1,000 to $5,000, negotiable; an estimate of hours or cost is given before engagement.
Paul Marino owns 25% to 50% of Marino, Stram and Associates. It has 19 employees, 8 of them in advisory roles.
Leadership
- Paul MarinoFinancial Advisor, Managing Director
- Richard StramFinancial Advisor, Managing Director and CCO
- Michael CammarataFinancial Advisor, Managing Partner
- Ryan ZimmermanFinancial Advisor, Partner
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
- Michael Paul Cammarata
- Denise Elizabeth Del Monaco
- Allison Elizabeth Leary
- Paul M. Marino
- Brandon Roy
- Robert Paul Roy
- Richard Eric Stram
- Ryan Alan Zimmerman
Staff
- 19 employees
- 8 in advisory functions
- 6 insurance agents
- Owns 25% to 50% of Marino, Stram and Associates LLC
Paul Marino
Control person · since May 2011
- Owns 25% to 50% of Marino, Stram and Associates LLC
Richard Stram
Control person · since June 2011
- Owns 10% to 25% of Marino, Stram and Associates LLC
Michael Cammarata
since August 2014
- Owns 5% to 10% of Marino, Stram and Associates LLC
Ryan Zimmerman
since July 2023
Marino, Stram and Associates’ regulatory assets grew 1.8× from $797M (March 2021) to $1.41B (June 2026); clients rose from 1,180 to 1,338 and employees from 18 to 19.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| June 2026 | $1.41B | 1,338 | 19 | 2 |
| May 2025 | $1.17B | 1,318 | 19 | 2 |
| July 2024 | $1B | 1,279 | 19 | 2 |
| July 2023 | $870M | 1,267 | 19 | 4 |
| February 2022 | $978M | 1,238 | 18 | 3 |
| March 2021 | $797M | 1,180 | 18 | 3 |
Besides its headquarters, Marino, Stram and Associates has 1 office, with 2 listed addresses in Massachusetts.
Massachusetts · 2 listed addresses
- 25 Braintree Hill Office Park, Suite 303, BraintreeHQ
- 90 Route 6a, Sandwich
Contact and registration details
- Legal name
- Marino, Stram and Associates LLC
- Headquarters
- 25 Braintree Hill Office Park, Suite 303, Braintree, MA 02184
- Website
- msafinancial.com
- Phone
- 781-843-3500
- @marino-stram-&-associates
- SEC file
- 801-72425
- Founded
- 1997
- Structure
- Massachusetts LLC
- Fiscal year end
- December
Marino, Stram and Associates uses Fidelity ($1.37B) as custodian for its separately managed accounts. Marino, Stram and Associates has custody of $185M in client assets for 254 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $1.37B100%
At year end, Marino, Stram and Associates’ separately managed accounts were mostly in funds (52%) and stocks (41%).
What the accounts hold
- Stocks41%
- Funds52%
- Bonds3%
- Cash4%
How many clients does Marino, Stram and Associates have?
Marino, Stram and Associates has 1,338 clients and manages $1.41 billion for them, as of June 2026. They include 850 individual clients, 474 high-net-worth individuals, and 14 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 18 June 2026
What services does Marino, Stram and Associates offer?
Marino, Stram and Associates provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, selecting other managers, education planning, insurance, and philanthropic planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Marino, Stram and Associates charge?
Marino, Stram and Associates charges up to 1.50% a year for its Investment management services. The fee is billed in advance and is negotiable.
Source: MARINO STRAM DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT AND PRIVACY POLICY, filed 18 June 2026
Which custodians does Marino, Stram and Associates use?
Marino, Stram and Associates’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $1.37B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 18 June 2026
How many financial advisors does Marino, Stram and Associates have?
Marino, Stram and Associates has 0 investment adviser representatives registered with state securities authorities, out of 19 employees, and 8 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 6 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Marino, Stram and Associates invest in?
At the end of its last fiscal year, Marino, Stram and Associates’ separately managed accounts held 52% registered funds (mutual funds, ETFs, BDCs), 41% exchange-traded equities, 4% cash and equivalents and 3% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Marino, Stram and Associates?
Marino, Stram and Associates’ direct owners are Paul Marino, Richard Stram, Michael Cammarata and Ryan Zimmerman, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 18 June 2026
How does Marino, Stram and Associates get paid?
Marino, Stram and Associates is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Marino, Stram and Associates?
Marino, Stram and Associates’ main office is at 25 Braintree Hill Office Park, Suite 303, Braintree, MA 02184. Its phone number is 781-843-3500. Its website is msafinancial.com.