TrueAdvisor
TrueAdvisor
MK
MK

Michael Kelley

LPL Financial LLC
44 Years of Experience
Indianapolis, IN
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Kelley is a registered investment advisor at LPL Financial LLC, based in Indianapolis, IN, with 44 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28129 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

250 E. 96th Street, Suite 200, Indianapolis, IN, 46240

Get directions

History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
August 2023
Settled
Customer Dispute
November 2003
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is president of Charter Insurance Corporation, an insurance agency, and spends about 10-20% of his time there. He also provides investment advisory services through Charter Advisory Corporation, dedicating about a quarter of his time, and has a 50% ownership in OSJ Alliance LLC, spending minimal time there.

Employment History
Current Registrations
LPL Financial LLCBroker
September 2009 - Present · 17 yrs 1 mo
Charter Advisory Corporation
September 1999 - Present · 27 yrs 1 mo
Previous Registrations
LPL Financial LLC
March 2017 - March 2023 · 6 yrs
Mutual Service CorporationBroker
March 1999 - September 2009 · 10 yrs 6 mos
Titan/value Equities Group, INC.Broker
January 1985 - March 1999 · 14 yrs 2 mos
Wzw Financial Services, INC.Broker
March 1982 - January 1985 · 2 yrs 10 mos
State Registrations53 states
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTVirgin IslandsWAWIWVWY
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
More Advisors
More financial advisors in Indianapolis, IN →All financial advisors in Indiana →