Michael Tormey
Michael Tormey is a registered investment advisor at LPL Financial LLC, based in Hillsborough, NJ, with 35 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
315 Route 206, Hillsborough, NJ, 08844
Get directionsHistory
Regulatory History (2)
Financial
March 2020Financial
November 2019Other Business Activities
Michael operates Affinity Investment Services as a DBA for his LPL business. He also works as a driver for Lyft and Uber, dedicating about 10-20% of his time to each activity.
Employment History
Current Registrations
LPL Financial LLCBroker
LPL Financial LLC
LPL Financial LLC
Previous Registrations
Raymond James Financial Services Advisors, INC
Raymond James Financial Services, INC.Broker
Santander Securities
Santander Securities LLCBroker
Park Avenue Securities LLC
Park Avenue Securities LLCBroker
AXA Advisors, LLC
AXA Advisors, LLCBroker
Tradition Asiel Securities INC.Broker
Liberty BrokersBroker
Patriot Securities, INC.Broker
R.J. Kross Assoc. LTD.Broker
Daiwa Securities America INC.Broker
State Registrations11 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.