Michael Shapiro

Michael meets with the professionals and retirees he serves and advises them on effective wealth planning strategies by making use of the multiple hats he wears. “It enables me to tap multiple disciplines and explore creative solutions in wealth planning. I believe it sets me apart from other advisors.”

Michael’s goal for many of his clients is to invest in a risk-adjusted manner that allows for growth while preserving principal and generating cash flow. He devotes considerable time looking at the structure of his clients’ assets in addition to their investments. “Ultimately, our goal is to help enable our clients to enjoy the comfortable retirement they’ve envisioned,” said Michael.

Before joining Raymond James in July 2020, Michael was managing director of wealth management at Morgan Stanley, where he worked for 23 years. Earlier in his career, he practiced law for nine years. He holds a Juris Doctor degree and bachelor’s and master’s degrees in accounting from the University of Florida.

Michael has been recognized as one of the top financial advisors in the country by Forbes2020.

He has received a prestigious award from the Jewish Federation of South Palm Beach County Irving Eckhardt Mitzvah Society and has supported the Jewish Adoption and Family Care Options (JAFCO) of South Florida.

Michael is originally from Philadelphia and Miami, and today lives in Boca Raton with his wife, Mara, and children, Scott, Jenna and Daniel. In his free time, he enjoys hiking, biking and spending time with his family.

The Forbes ranking of Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years of experience, and the algorithm weights factors like revenue trends, assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying client objectives and lack of audited data. Out of approximately 32,000 nominations, more than 4,000 advisors received the award. This ranking is not indicative of advisor's future performance, is not an endorsement, and may not be representative of individual clients' experience. Neither Raymond James nor any of its Financial Advisors or RIA firms pay a fee in exchange for this award/rating. Raymond James is not affiliated with Forbes or Shook Research, LLC. Please visit https://www.forbes.com/best-in-state-wealth-advisors for more info.