Member Since July 2017
About
Michael Schwartz, CFP®, AEP® is the founder, Chief Executive Officer and a Wealth Management Advisor of Magnus Financial Group LLC (“Magnus”) based in New York, NY. Michael began his career in finance over 20 years ago and during that time his unique skill set has been recognized nationally as a premier wealth management advisor in the financial services industry. Michael helps his clients, including high net worth individuals and closely held businesses, achieve their goals and objectives related to wealth accumulation, protection and distribution by applying a special blend of knowledge, experience and skill. In 2021, Michael was named for the third year in a row to Forbes’ Best-In-State Wealth Advisors list (NYC). In 2019, Michael was named to WealthManagement.com’s inaugural Thrive Awards. Magnus was also recognized by RIA Channel to the Top 100 RIA Wealth Manager list in 2019 and FA Magazine’s Top RIA Ranking list in 2020, 2019 and 2018. Prior to founding Magnus, Michael was a partner and wealth management advisor with Pioneer Financial at Northwestern Mutual’s Park Avenue Office. While there, he achieved various professional honors and was recognized for his consistent top-level performance. In 2017, Michael was named to the Top 400 Financial Adviser List by Financial Times. Michael is a contributing author for Forbes Finance Council and Heritage Auctions Trusts & Estates Journal. His industry accomplishments have been displayed online by Bloomberg, Businessweek, Fortune, Intelligent Collector, Money, Reuters, Seeking Alpha, The Wall Street Journal’s – Market Watch, Yahoo Finance and Worth. Michael earned his Bachelor of Science in Economics along with a minor in English while attending Fairfield University. While there, he was a student-athlete playing Varsity Baseball all four years competing at a Division I Level. His commitment to higher learning has allowed him to not only differentiate himself from his peers but significantly advance his competency, knowledge and skill set. He holds the CERTIFIED FINANCIAL PLANNER™ professional certification, the Accredited Estate Planner® designation, his Life/Health Insurance licenses and previously maintained securities Series 6, 7, 63, 66 registrations. Michael has a passion for charities focused on children, veterans and athletics. He is a Chapter Board Member of the Positive Coaching Alliance (PCA). PCA develops “better athletes, better people” through resources for youth and high school sports coaches, parents, administrators and student-athletes. He has donated to the following public charities: Alex’s Lemonade Stand Foundation, Autism Speaks, Challenged Athletes Foundation (CAF), Intrepid Fallen Heroes, Michael J. Fox Foundation, National MS Foundation, Pan-Mass Challenge, Save the Children US, The Life Raft Group and the St. Baldrick’s Foundation.
Michael S. Schwartz
Published content
expert panel
When it comes to financing their ventures, small businesses and startups often face significant challenges. Traditional financing methods, such as bank loans, are not always accessible, especially for those with limited credit history or insufficient collateral. This has led to the rise of alternative financing options, including crowdfunding and peer-to-peer lending. Below, 15 Forbes Finance Council members offer alternative financing options available and how they could help small businesses and startups succeed. These platforms offer a range of benefits, such as lower interest rates and flexible repayment terms, that can make them attractive for small businesses and startups.
expert panel
For an entrepreneur, rising sales numbers and a growing client base are usually viewed as the primary signs of their business’ financial health. However, it’s also essential to have at least a basic understanding of the tax code—and not only what you’re responsible for paying. Whether an entrepreneur is managing their own books or working with a tax specialist, it’s also wise to be up to speed on available tax credits and adjustments and the processes involved with leveraging them. Below, 11 members of Forbes Finance Council share valuable tax credits and important processes they believe every business owner should know about.
expert panel
In 2020, the country was scrambling to find stability amidst the global Covid-19 pandemic. Today, inflation has reached levels the United States has not seen in decades. Many economists have pointed to supply chain issues, labor market shortages and the aftermath of a Covid-induced slowdown as the culprits for the price hikes. Amid the ongoing commotion, many individual investors and businesses may be confused as to what investments they should make at this time—and just as important, what investment mistakes they need to avoid. Below, 15 members of Forbes Finance Council discuss some strategies investors and businesses can leverage in the face of rising inflation to protect their wealth.
expert panel
The Covid-19 pandemic opened many business owners’ eyes to the financial challenges that can hit them during a national or global crisis. If they didn’t already know, leaders are now very aware of the need to prepare for the fallout of economic issues, whether it’s supply chain delays, a lack of key talent or inflation. To that end, it’s essential for businesses to have a robust disaster plan in place to contend with the next financial crisis. Below, 16 Forbes Finance Council members share one crucial element your plan should include and why it’s such an important base to cover.
expert panel
Retirement planning can be a difficult and stressful subject for business owners. The sale of the business alone might generate enough income to sustain an entrepreneur and their family through retirement—but that’s not always the case. There are steps that business owners can and should take to guarantee the future health of their business as well as their personal interests. As you prepare for retirement as a business owner, it can be helpful to get sound financial advice from experts. Below, 15 Forbes Finance Council members share their best advice for protecting yourself, your family and your business once you’ve retired.
expert panel
Going through a divorce is an unquestionably stressful and emotional time in a person's life. Regardless of the surrounding circumstances, protecting your personal finances should always be a priority. If you're preparing for divorce negotiations, it's important to educate yourself about your financial options to ensure nothing is overlooked and you are getting the best possible settlement. To help, a panel of Forbes Finance Council members shared some essential financial steps people often overlook during a divorce. Here's what they believe you should do and why each action is so important.
Company details
Magnus Financial Group LLC
Company bio
Magnus Financial Group LLC provides personalized services to clients, including existing and emerging high net worth individuals, families, and businesses. The firm utilizes offensive and defensive financial planning approaches, encompassing asset management, risk management, tax planning, retirement income distribution planning, and estate preservation. industry Recognition: 2019 - WealthManagement.com's 2019 Thrive Awards 2019 - Forbes Best-in-State Advisors 2019 - FA Magazine Top RIA Ranking 2018 - FA Magazine Top RIA Ranking 2017 - FT 400 Top Financial Adviser List.