Third Tier Wealth Management
— We Believe You Deserve More
About Our Founder,
Michael Demkiw was raised in a typical, middle-class family in New York before moving to South Florida where he had the benefit of watching his family run several successful businesses. Though these businesses thrived, they still had their fair share of challenges that unnecessarily impacted the household finances.
As a result, much of what drives Michael's approach to helping clients get ahead came from absorbing his own family’s mistakes when it came to money and business management.
Witnessing the ups and downs, booms and busts, successes, and occasional stumbles was the masterclass he needed to inspire him to do things differently. He recognized that if his family could fall victim to the “drift,” anyone could. But he also realized that you could plan and prepare to achieve better long-term results.
Having spent over 30 years in the financial services industry, Michael’s helped many families navigate some of their most important economic challenges. Notably, Michael has achieved numerous awards for service and performance over the years in both banking and insurance.
Michael has dedicated his life to helping his clients make better decisions and avoid the common mistakes that could prevent them from achieving their goals and truly thriving.
Michael's strong sense of family and community allows him to stay grounded and maintain a balanced life. A resident of Bergen County, New Jersey, he enjoys spending time with family, playing with his dog, working out, and volunteering when not helping clients. Michael supports meaningful causes through volunteering his time and donations, such as:
- Memorial Sloan Kettering's Caring Canine program
- Pet Partners animal therapy program
- US Coast Guard Auxiliary
- Big Brothers of America
- RWJ Barnabas Health
What Motivates Us to Do What We Do
Being a part of the financial services industry in different capacities for over 30 years means that we’ve talked and met with more people than we can count. Over that time, we listened to and heard some great (and not-so-great) examples about how people have been treated by other financial advisors. Out of those conversations, we decided that we were going to be a part of the solution and not the problem. With this in mind, we formed Third Tier Advisors.
Formed over a decade ago, Third Tier Advisors decided we would fill the service needs people were missing, by using insurance-based products to help our clients protect and grow a part of their retirement savings in a less risky, more predictable way.
When it comes to helping clients optimize their financial lives, we recognize that the financial industry hasn’t always made it easy for consumers like you to get all the parts to work together—often leaving you to find your own solutions to critical financial matters.
As our answer to that, Third Tier Wealth Management sought out professionals in various disciplines that can positively impact a client’s financial life when they’re invited to the discussion.
After dozens of meetings, we invited a select few to become strategic idea partners because we feel that they are the best at what they do and believe in putting clients’ needs first. They do not work for Third Tier Wealth Management, and there is no financial arrangement between their firms and ours. If you consult with them, there is no obligation to work with them if you choose not to, even though we think you’ll like them as much as we do.
Meet Our Strategic Partners
Using our network of professionals to deliver a holistic and tailored financial strategy.
The professionals we work with bring their diverse outlook and experience into our services, providing you with a more well-rounded financial plan. Learn more about their areas of experience and see how we can apply our knowledge with their experience to meet your unique needs.
Rocco J. Labella
Tax, Trust & Estate Planning
Ferro Labella & Weiss L.L.C.
Tax and estate matters, when handled properly, can impact your family now and well into the future.
Property & Casualty Insurance
Donnelly & Sproul, Inc.
P & C coverage for personal and business needs can provide opportunities to immediately save money and can protect you in the future from unnecessary liability.
Chris & David Gubb
The Gubb Team (Real Estate)
Keller Williams - Ridgewood
Whether you’re upsizing/downsizing, planning on moving out of state, or growing your real estate portfolio, there’s a reason why the mother-son duo at Keller Williams has consistently been in the top 1% in all Bergen County.
* Strategic partners are employed by their individual firms and are not affiliated with Third Tier Wealth Management.