Michael Valdes
Michael Valdes is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Tampa, FL, with 40 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,838,984 clients with $1800B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Managed Account Advisors and Merrill Lynch charge an asset-based fee called the Account Fee, which consists of two parts:
- Investment Management and Trust Fee — Paid to Bank of America for its services, with rates set in your client agreement and subject to negotiation based on your portfolio value and account size.
- Style Manager Expense — Paid to the specific manager of your chosen strategy, generally ranging from 0.00% to 0.50% per year, and does not change based on portfolio size.
Total fees vary depending on the specific strategies and account size, and are deducted directly from your account on a regular basis.
Location
101 E Kennedy Blvd, Pbig - Florida Pwm Tampa, Tampa, FL, 33602
Get directionsHistory
Regulatory History (14)
Customer Dispute
September 2010Customer Dispute
December 2006Customer Dispute
August 2003Customer Dispute
July 2003Customer Dispute
November 2002Customer Dispute
June 2002Customer Dispute
April 2002Customer Dispute
September 2001Customer Dispute
July 2001Customer Dispute
January 1999Regulatory
November 1997Customer Dispute
April 1997Customer Dispute
December 1993Customer Dispute
March 1993Other Business Activities
Michael is involved in several outside business activities, including serving on the investment committee for Academy of the Holy Names High School, purchasing a plane through a future LLC, and holding ownership positions in multiple LLCs related to real estate and other investments. He also owns a horse.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations43 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.
Exams
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