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Michael Palumbos ChFC®, CBEC®

Michael Palumbos ChFC®, CBEC®

Family Wealth Advisor

Michael is the owner of Family Wealth & Legacy.

He's a second generation family wealth advisor serving business-owning families. Michael has over 18 years of experience in the financial services industry and holds a Bachelor's Degree in Economics from the University of Rochester. He has earned the Certified Business Exit Consultant and Chartered Financial Consultant designations.

Michael is also on the Board of Directors at Wayne Cooperative Insurance Company, a member of the Society of Financial Service Professionals, the National Federation of Independent Businesses, and the National Association of Insurance and Financial Advisors.


Marty, his father, started the wealth advisory practice in 1973; he also served many family owned businesses. Michael is the father of seven, grandfather of one, and he is married to Victoria, a special education teacher in the Pittsford School district. Michael has three siblings and four nephews.

Michael's two favorite Palumbos traditions are Palumbos Family Vacation (PFV) and the Beads of Gratitude. The entire Palumbos family gets together for PFV annually in July and they have been doing it for almost 20 years. 

The Beads of Gratitude are brought out at holiday gatherings; a string of beads are in the bag and the bag is randomly passed from person to person. Then each family member shares what they are most grateful for in the past year.