{"url":"https://nivawealth.com/firms/marino-stram-and-associates-107768","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/107768","regulatoryAum":1405327219,"crd":"107768","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4846748","suffix":null,"lastName":"CAMMARATA","firstName":"MICHAEL","middleName":"PAUL"},{"crd":"4856130","suffix":null,"lastName":"DEL MONACO","firstName":"DENISE","middleName":"ELIZABETH"},{"crd":"5715061","suffix":null,"lastName":"LEARY","firstName":"ALLISON","middleName":"ELIZABETH"},{"crd":"1919298","suffix":null,"lastName":"MARINO","firstName":"PAUL","middleName":"M."},{"crd":"6696190","suffix":null,"lastName":"ROY","firstName":"BRANDON","middleName":null},{"crd":"1528646","suffix":null,"lastName":"ROY","firstName":"ROBERT","middleName":"PAUL"},{"crd":"1705331","suffix":null,"lastName":"STRAM","firstName":"RICHARD","middleName":"ERIC"},{"crd":"4690733","suffix":null,"lastName":"ZIMMERMAN","firstName":"RYAN","middleName":"ALAN"}],"total":8,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-09","regulatoryAum":796909420,"clients":1180,"employees":18,"offices":3},{"filedOn":"2022-02-04","regulatoryAum":978085997,"clients":1238,"employees":18,"offices":3},{"filedOn":"2023-07-31","regulatoryAum":870408678,"clients":1267,"employees":19,"offices":4},{"filedOn":"2024-07-18","regulatoryAum":1002893618,"clients":1279,"employees":19,"offices":2},{"filedOn":"2025-05-27","regulatoryAum":1168995005,"clients":1318,"employees":19,"offices":2},{"filedOn":"2026-06-18","regulatoryAum":1405327219,"clients":1338,"employees":19,"offices":2}],"secFileNumber":"801-72425","legalName":"Marino, Stram and Associates LLC","displayName":"Marino, Stram and Associates","slug":"marino-stram-and-associates-107768","website":"https://msafinancial.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/marino-stram-&-associates/","founded":"1997","organization":"Massachusetts limited liability company","fiscalYearEnd":"December","headquarters":{"street":"25 Braintree Hill Office Park, Suite 303","city":"Braintree","state":"MA","stateName":"Massachusetts","country":"United States","postalCode":"02184"},"tradeNames":[],"registration":{"secApproved":"13 June 2011","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1031989.0105740181,"staff":{"employees":19,"advisory":8,"brokerDealerReps":0,"insuranceAgents":6,"promoters":0},"aum":{"regulatory":1405327219,"discretionary":1369556618,"discretionaryAccounts":3252,"nonDiscretionary":35770601,"nonDiscretionaryAccounts":19,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":29},"clientTypes":[{"label":"Individuals (other than HNW)","clients":850,"regulatoryAum":288054935},{"label":"High-net-worth individuals","clients":474,"regulatoryAum":1078298515},{"label":"Pension and profit-sharing plans","clients":14,"regulatoryAum":36942166},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":2031603}],"feePrograms":[{"role":"main","program":"Investment management services","feeBasis":"ceiling","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1048932","versionId":1048932,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-06-18","documentName":"MARINO STRAM DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT AND PRIVACY POLICY","fee_rate_low":null,"fee_rate_high":1.5,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial planning and consulting","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1048932","versionId":1048932,"submittedOn":"2026-06-18","documentName":"MARINO STRAM DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT AND PRIVACY POLICY"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T04:07:07.144959+00:00","documents":[{"name":"MARINO STRAM DISCLOSURE BROCHURE, BROCHURE SUPPLEMENT AND PRIVACY POLICY","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1048932","versionId":1048932,"submittedOn":"2026-06-18"}]},"custodians":[{"name":"Fidelity Brokerage Services LLC","shortName":"Fidelity","location":"Smithfield, RI","smaAssets":1374996231}],"custodyNote":"Marino, Stram and Associates has custody of $185M in client assets for 254 clients.","otherCustodians":[],"leadership":[{"name":"Paul Marino","title":"Financial Advisor, Managing Director","crd":"1919298"},{"name":"Richard Stram","title":"Financial Advisor, Managing Director and CCO","crd":"1705331"},{"name":"Michael Cammarata","title":"Financial Advisor, Managing Partner","crd":"4846748"},{"name":"Ryan Zimmerman","title":"Financial Advisor, Partner","crd":"4690733"}],"ownership":[{"label":"Paul Marino","detail":"Financial advisor, managing director in the 25% to 50% ownership band and a control person, since May 2011."},{"label":"Richard Stram","detail":"Financial advisor, managing director and cco in the 25% to 50% ownership band and a control person, since June 2011."},{"label":"Michael Cammarata","detail":"Financial advisor, managing partner in the 10% to 25% ownership band, since August 2014."},{"label":"Ryan Zimmerman","detail":"Financial advisor, partner in the 5% to 10% ownership band, since July 2023."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"Massachusetts","offices":2,"addresses":[{"street":"25 Braintree Hill Office Park, Suite 303","city":"Braintree","headquarters":true},{"street":"90 Route 6a","city":"Sandwich"}]}],"brochureServices":["education planning","insurance","philanthropic planning"],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"781-843-3500","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"11-25","assetMix":[{"label":"Exchange-traded equity securities","percent":41},{"label":"U.S. state and local bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":52},{"label":"Cash and cash equivalents","percent":4}],"privateFunds":0},"sources":{"adv1FilingDate":"18 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/107768/PDF/107768.pdf","brochureDate":"18 June 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1048932","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Marino, Stram and Associates have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Marino, Stram and Associates offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Marino, Stram and Associates charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Marino, Stram and Associates use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Marino, Stram and Associates have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Marino, Stram and Associates invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Marino, Stram and Associates?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Marino, Stram and Associates get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Marino, Stram and Associates?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 18 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}