Michael Davern is a registered investment advisor at LPL Financial LLC, based in Lake Zurich, IL, with 38 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
Location
Lake Zurich, IL
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
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Michael spends minimal time on an investment-related activity since 2014. He dedicates approximately 4 hours per month to this activity.
Employment History
Current Registrations
LPL Financial LLCBroker
LPL Financial LLC
Previous Registrations
Cetera Advisor Networks LLCBroker
Cetera Advisor Networks LLC
Cetera Financial Specialists LLCBroker
Terra Securities CorporationBroker
Cetera Investment Advisers LLC
Capital Brokerage CorporationBroker
National Planning CorporationBroker
Sunamerica Securities, INC.Broker
Anchor National Financial Services, INC.Broker
Kessler Asher Clearing INC.Broker
Conli, Michaels, INC.Broker
Dean Witter Reynolds INC.Broker
Mony Securities CORP.Broker
A. G. Edwards & Sons, INC.Broker
Allied Capital Group, INC.Broker
Dunhill Investments LTD.Broker
State Registrations3 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.