Michael Laine
Michael Laine is a CFP-designated registered investment advisor at Altruist Advisors LLC, based in El Segundo, 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 High Net Worth, Investment Management. Their firm serves 244 clients with $190M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.50% |
Fees range from 0.0% to 2.5% per year and are negotiable based on factors such as account complexity and total investable assets.
Fee Estimator
Location
126 Lomita St, El Segundo, CA, 90245
Get directionsHistory
Regulatory History (3)
Employment Separation After Allegations
April 2026Customer Dispute
September 2025Customer Dispute
May 1996Other Business Activities
Michael operates under the DBA Laine Wealth Management, LLC since 2010. He also owns Living Well Enterprises LLC, dedicating about 10-20% of his time, and is involved in real estate rental through Lomita Street Enterprise's, requiring minimal time.
Employment History
Current Registrations
Altruist Advisors LLC
Purshe Kaplan Sterling InvestmentsBroker
Purshe Kaplan Sterling Investments
Previous Registrations
Pks Advisory Services, LLC
LPL Financial LLCBroker
LPL Financial LLC
Associated Securities CORP.
National Planning CorporationBroker
Associated Planners Investment Advisory INC
Associated Securities CORP.Broker
State Registrations12 states
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
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