Michael Phillips
Michael Phillips is a registered investment advisor at Kestra Advisory Services, LLC, based in Frisco, TX, 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 Investment Management, Retirement Planning. Their firm serves 97,702 clients with $60B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Kestra Advisory Services' (Kestra AS) fees for managing your investments are a percentage of the value of your portfolio, up to a maximum of 2.5% per year. The exact percentage is determined by your advisor based on factors like the size of your account, the type of account (e.g., retirement), the services you receive, and the platform you choose. These fees are negotiable.
Kestra AS offers different advisory platforms with varying program fees that are deducted from the client fee you negotiate with your advisor. These platforms include AdvisorEnterprise, Horizon, and AdvisorChoice. Each platform has different features, costs, and minimum account sizes.
There are also third-party managed solutions available through platforms like Focus Partners Advisor Solutions, Symmetry Partners, SEI and AssetMark.
Location
2601 Network Blvd., Ste 430, Frisco, TX, 75034
Get directionsHistory
Regulatory History (3)
Employment Separation After Allegations
January 2024Customer Dispute
April 2001Customer Dispute
March 1999Other Business Activities
Michael is the President and Owner of Optima Wealth Management, LLC, providing investment advice to retail clients. He also provides investment advisory services through Kestra Advisory Services, LLC, focusing on managing private retail accounts and financial planning; these activities each take about a quarter of his time.
Employment History
Current Registrations
Kestra Advisory Services, LLC
Kestra Investment Services, LLCBroker
Previous Registrations
LPL Financial LLC
LPL Financial LLCBroker
Prospera Financial Services, INC.
Prospera Financial Services, INC.Broker
Fahnestock Asset Management
Oppenheimer & CO. INC.Broker
Oppenheimer & CO. INC.Broker
Cibc World Markets CORP.Broker
Cibc World Markets CORP.Broker
Painewebber IncorporatedBroker
Smith Barney Shearson INC.Broker
Shearson Lehman Hutton INC.Broker
E. F. Hutton & Company INCBroker
State Registrations9 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.