Michael Raspallo
Michael Raspallo is a ChFC-designated registered investment advisor at Summit Financial, LLC, based in West Warwick, RI, with 41 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 3 more. Their firm serves 9,865 clients with $15B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Summit Financial offers various investment management programs. Financial advisors set their own advisory fees, but the maximum advisory fee for all programs is 1.50%. Clients in certain programs may also pay a program fee. Clients invested in the Tax-Deferred Strategies Portfolios are charged a monthly platform fee of $20/month by Nationwide, plus a "Low Cost Fund Platform Fee" up to 0.35% annually. Fees are negotiable.
Location
1350 Division Rd, Suite 300, West Warwick, RI, 02893
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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.
Learn about disclosures →Other Business ActivitiesSells Insurance
Michael is involved in several outside business activities, including investment advisory services at Patriot Financial Group and Ivy Wealth Advisors (both full-time), board member roles at Horizon Pharmacy and Thrive Behavioral Health (minimal time each), selling fixed insurance (a few hours per week), selling life settlements, and owning Corner Office Financial LLC for tax reporting purposes.
Employment History
Current Registrations
Summit Financial, LLC
Previous Registrations
Summit Financial, LLC
Cetera Financial Specialists LLCBroker
Securities America, INC.Broker
LPL Financial LLC
The Patriot Financial Group, LLC
LPL Financial LLCBroker
LPL Financial LLC
Multi-Financial Securities CorporationBroker
Multi-Financial Securities Corporation
MML Investors Services, INC.
MML Investors Services, INC.Broker
Usi Securities, INC.
Usi Securities, INC.Broker
Hornor, Townsend & Kent, INC.
Hornor, Townsend & Kent, INC.Broker
Securian Financial Services, INC.
Securian Financial Services, INC.Broker
W. S. Griffith & CO., INC.Broker
Phoenix Equity Planning CorporationBroker
Southmark Financial Services, INC.Broker
Phoenix Equity Planning CorporationBroker
State Registrations1 state
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.