Michael E. Reichek Financial Services

Yes. As a registered investment adviser regulated by the Securities and Exchange Commission and the Pennsylvania Department of Banking and Securities, the firm is bound by the fiduciary standard under the Investment Advisers Act of 1940. That standard requires the firm to place client interests ahead of its own when making investment recommendations and managing portfolios.

The firm serves individuals and families, with a likely concentration in Western Pennsylvania given the Pittsburgh headquarters. Fee-only advisory practices of this size often work with mass-affluent and high-net-worth clients who seek ongoing planning relationships rather than episodic transactional advice.

Yes. Regulatory filings indicate the firm offers discretionary portfolio management, meaning it can execute trades and rebalance client portfolios without seeking advance approval for each transaction. The firm also provides non-discretionary advisory services for clients who prefer to retain decision authority.

The firm primarily constructs portfolios from individual equities, bonds, and pooled investment vehicles including mutual funds and exchange-traded funds. Its regulatory disclosures also reference an ability to recommend private placements to accredited investors, which can open exposure to private credit or real estate outside public markets.

The firm operates on a fee-only model, which typically includes asset-based fees calculated as a percentage of assets under management and, in some cases, fixed or hourly planning fees. Fee-only compensation means the firm does not accept commissions or third-party payments that could create incentives to recommend particular products.