Michael Raspallo
Michael Raspallo is a ChFC-designated registered investment advisor at Summit Financial, LLC, based in West Warwick, RI, with 42 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Business Owners, Corporate Executives, Education Planning, and 8 more. Their firm serves 18,393 clients with $26B 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 | 1.50% |
The maximum advisory fee across programs is 1.50% per year. Fees are negotiable and exclude program fees, custodian charges, and third-party manager fees.
Fee Estimator
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.
Exams
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