Educational information only. Please read these disclosures before relying on anything on this site.
Investment advisory services are offered through MSA Financial, LLC, a Registered Investment Adviser (CRD #107768). Registration with the SEC does not imply a certain level of skill or training. Michael Cammarata is an Investment Adviser Representative of MSA Financial, LLC, and a CERTIFIED FINANCIAL PLANNER® practitioner.
Additional information about the firm, including Form ADV Part 2A and 2B and Form CRS, is available at no charge:
This website is for educational purposes only. Nothing on this site is legal, tax, or investment advice, or a solicitation to buy or sell any security. Content is general in nature and does not consider your objectives, financial situation, or needs. Consult a qualified professional regarding your specific circumstances before making any decision.
Michael Cammarata is not an attorney or CPA. He does not provide legal advice, draft legal documents, or prepare tax returns. He coordinates with clients' existing estate attorneys and CPAs. When needed, he can help identify qualified independent professionals; clients choose and engage those professionals directly.
Illustrative tax figures on this site reflect 2026 Massachusetts and federal law, including estimates under M.G.L. c. 65C. Results are estimates only and are not guaranteed. Actual results depend on facts such as asset ownership, deductions, elections, filing status, and future law. Individual situations vary.
References to assets under management are approximate figures for MSA Financial, LLC as of August 12, 2026, and will change over time.
References to asset-location value are drawn from Vanguard research (Kinniry et al., Putting a value on your value: Quantifying Vanguard Advisor's Alpha), which estimates a potential annual after-tax benefit of 0–75 basis points. The ~$200K figure on this site is simple arithmetic (50 bps × a $2 million portfolio × 20 years) using a midpoint inside that range. It is not compounded, not MSA performance, and not a prediction of client results. Actual value varies with tax rates, asset mix, and account types, and may be zero.
Past performance does not guarantee future results. Coordinated planning, trust funding, tax-aware investing, and related strategies may not achieve their intended goals. Any discussion of tax, estate, or investment outcomes is hypothetical or educational unless it is clearly identified as an actual client result.
CFP® and CERTIFIED FINANCIAL PLANNER® are certification marks owned by Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete CFP Board's initial and ongoing certification requirements.
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