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Michael Hughes

LPL Financial LLC
42 Years of Experience
San Mateo, CA
1 DisclosureBroker
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Michael Hughes is a registered investment advisor at LPL Financial LLC, based in San Mateo, CA, with 42 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
—
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Location

1510 Fashion Island Blvd, Ste 380, San Mateo, CA, 94404

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History

Regulatory History (1)
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
December 2008
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael operates under the DBA Palo Alto Capital Management for his LPL Financial business since 2010. This activity is investment-related.

Employment History
Current Registrations
LPL Financial LLC
July 2020 - Present · 6 yrs 3 mos
LPL Financial LLCBroker
July 2020 - Present · 6 yrs 3 mos
LPL Financial LLC
July 2020 - Present · 6 yrs 3 mos
Previous Registrations
Wells Fargo Advisors Financial Network, LLC
February 2010 - July 2020 · 10 yrs 5 mos
Wells Fargo Advisors Financial Network, LLCBroker
January 2010 - July 2020 · 10 yrs 6 mos
Citigroup Global Markets INC.Broker
May 2007 - February 2010 · 2 yrs 9 mos
Citigroup Global Markets INC.
May 2007 - February 2010 · 2 yrs 9 mos
Citicorp Investment Services
August 2002 - May 2007 · 4 yrs 9 mos
Citicorp Investment ServicesBroker
November 1997 - May 2007 · 9 yrs 6 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
August 1996 - November 1997 · 1 yr 3 mos
Prudential Securities IncorporatedBroker
December 1990 - July 1996 · 5 yrs 7 mos
Marathon Properties, INC.Broker
July 1989 - June 1990 · 11 mos
Bear, Stearns & CO. INC.Broker
March 1989 - April 1989 · 1 mo
Painewebber IncorporatedBroker
February 1987 - March 1989 · 2 yrs 1 mo
Shearson Lehman Brothers INC.Broker
July 1983 - February 1987 · 3 yrs 7 mos
State Registrations1 state
CA
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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