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Michael Danter

Osaic Wealth, INC.
41 Years of Experience
Sunnyvale, TX
2 DisclosuresBrokerSells Insurance
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Michael Danter is a registered investment advisor at Osaic Wealth, INC., based in Sunnyvale, TX, with 41 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 Alternative Investments, Annuities, Education Planning, Estate Planning, and 5 more. Their firm serves 575,512 clients with $230B in assets under management.

Osaic Wealth, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
9240 advisors
Number of Clients
575,512 clients
Average Client Portfolio
$408K average
Assets Under Management
$234.9B

Fee Structure

Minimum Investment:$5.5K
Planning is included in investment management (also available separately)

Osaic Wealth offers several investment management programs where fees are charged as an annual percentage of your portfolio, typically billed monthly or quarterly. Because individual financial professionals negotiate their own fee schedules and programs vary by platform, exact rates depend on the specific account type and manager selected.

  • Advisor Managed Portfolios and Unified Managed Account Programs — Fees vary based on negotiations with your financial professional and the specific asset allocation models or third-party managers chosen.
  • Plan Participant Retirement Program — Annual management fees charge up to 3.00% of your account assets, structured as a fixed percentage or a tiered fee schedule.
  • Program Annuities — Annual advisory fees for managing outside annuities will not exceed 1.50% of program assets for new accounts.

Account minimums vary widely by program, ranging from $5,500 to $10,000 for certain automated or platform accounts, while other programs depend on the specific investment product or third-party manager.

View Full SEC Brochure

Location

223 Sunray Lane, Sunnyvale, TX, 75182

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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.
Judgment / Lien
June 2006
Judgment / Lien
September 1991
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is a sole proprietor involved in bookkeeping, rental property management, and collecting rental income since 2006, dedicating minimal time to this. Additionally, Michael has been involved in insurance sales, including life and health, since 1981, dedicating about 10-20% of his time.

Employment History
Current Registrations
Osaic Wealth, INC.
May 2016 - Present · 10 yrs 5 mos
Osaic Wealth, INC.Broker
November 2015 - Present · 10 yrs 11 mos
Previous Registrations
First Independent Advisory Services, INC.
August 2010 - June 2016 · 5 yrs 10 mos
First Independent Financial Services, INC.Broker
July 2004 - December 2015 · 11 yrs 5 mos
Multi-Financial Securities CorporationBroker
January 2001 - July 2004 · 3 yrs 6 mos
National Planning CorporationBroker
February 2000 - December 2000 · 10 mos
Signal Securities, INC.Broker
September 1997 - February 2000 · 2 yrs 5 mos
Principal Financial Securities,inc.Broker
October 1995 - October 1997 · 2 yrs
Securities Management & Research, INC.Broker
November 1989 - December 1993 · 4 yrs 1 mo
John Hancock Distributors, INC.Broker
October 1983 - October 1989 · 6 yrs
State Registrations2 states
FLTX
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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