MG
MG

Michael Gloster

33 Years of Experience
Troy, MI
BrokerSells Insurance

Michael Gloster is a registered investment advisor at LPL Financial LLC, based in Troy, MI, with 33 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
27420 advisors
Number of Clients
1,676,192 clients
Average Client Portfolio
$369K average
Assets Under Management
$618.9B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)

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.

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Location

3250 W Big Beaver Road # 510, Troy, MI, 48084

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History

Regulatory History
Clean regulatory record

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.

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Other Business ActivitiesSells Insurance

Michael operates his LPL business through Nustar Financial, LLC, dedicating full-time hours to it. He also works with Secure Investors Group selling non-variable insurance and runs a podcast called Fashioncast, dedicating minimal time to each.

Employment History
Current Registrations
LPL Financial LLCBroker
February 2024 - Present · 2 yrs 3 mos
LPL Financial LLC
February 2024 - Present · 2 yrs 3 mos
Previous Registrations
Secure Asset Management, L.L.C.
August 2018 - March 2024 · 5 yrs 7 mos
Aurora SecuritiesBroker
August 2018 - March 2024 · 5 yrs 7 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
March 2015 - August 2018 · 3 yrs 5 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
March 2015 - August 2018 · 3 yrs 5 mos
Morgan Stanley
May 2010 - March 2015 · 4 yrs 10 mos
Morgan StanleyBroker
May 2010 - March 2015 · 4 yrs 10 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
October 2009 - May 2010 · 7 mos
Banc of America Investment Services, INC.Broker
October 2008 - October 2009 · 1 yr
Banc of America Investment Services, INC.
October 2008 - October 2009 · 1 yr
Lasalle Financial Services, INC.
March 2003 - October 2008 · 5 yrs 7 mos
Lasalle Financial Services, INC.Broker
August 2001 - October 2008 · 7 yrs 2 mos
Independence One Brokerage Services, INC.Broker
May 1994 - October 2001 · 7 yrs 5 mos
Workman Securities CorporationBroker
September 1993 - May 1994 · 8 mos
The Prudential Insurance Company of AmericaBroker
December 1991 - August 1992 · 8 mos
Pruco Securities CorporationBroker
December 1991 - August 1992 · 8 mos
State Registrations19 states
AZCACTDCDEFLGAILINLAMAMINVOHPASCTNTXVA
AdvisorBrokerBoth

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
No exam information available for this advisor.
Michael Gloster - Financial Advisor | TrueAdvisor