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CFP

Michael Botwinick

LPL Financial LLC
44 Years of Experience
Woodcliff Lake, NJ
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Botwinick is a CFP-designated registered investment advisor at LPL Financial LLC, based in Woodcliff Lake, NJ, 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
28221 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

300 Tice Blvd, Suite 117, Woodcliff Lake, NJ, 07677

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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
May 2018
Settled
Criminal
January 1976
Final Disposition
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael sells non-variable and fixed whole life insurance since 2002, and group health insurance since 2008, dedicating minimal time to these activities. He also co-owns Black Sheep Aviation, LLC for tax/investment purposes and is involved with Botwinick Capital Advisors, LLC for accounting purposes, spending about 10-20% of his time on the latter.

Employment History
Current Registrations
LPL Financial LLC
June 2002 - Present · 24 yrs 4 mos
LPL Financial LLCBroker
September 1998 - Present · 28 yrs 1 mo
Previous Registrations
American Express Service CorporationBroker
August 1993 - December 1994 · 1 yr 4 mos
Ids Life Insurance CompanyBroker
August 1982 - October 1998 · 16 yrs 2 mos
American Express Financial Advisors INC.Broker
August 1982 - October 1998 · 16 yrs 2 mos
Ids Financial Services INC.Broker
August 1982 - December 1986 · 4 yrs 4 mos
State Registrations17 states
AZCAFLGAILMAMEMSNCNHNJNYOHPASCTXVA
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.
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