Michael Parenti
Michael Parenti is a registered investment advisor at Ameriprise Financial Services, LLC, based in Boca Raton, FL, with 38 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. Their firm serves 1,330,280 clients with $560B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.
Location
4800 N Federal Hwy Ste D200, Boca Raton, FL, 33431-3413
Get directionsHistory
Regulatory History (3)
Regulatory
April 2023Customer Dispute
January 2014Regulatory
October 1989Other Business Activities
Michael owns two condos as investment properties since 2017 and 2020, and has a real estate license. He also performs stand-up comedy gigs and is writing a financial book about short-term stock trading, dedicating minimal time to each.
Employment History
Current Registrations
Ameriprise Financial Services, LLC
Ameriprise Financial Services, LLC
Ameriprise Financial Services, LLCBroker
Previous Registrations
The Pinnacle Financial Group
LPL Financial LLC
LPL Financial LLCBroker
J.P. Morgan Securities LLC
J.P. Morgan Securities LLCBroker
Chase Investment Services CORP.
Chase Investment Services CORP.Broker
Wells Fargo Advisors, LLC
Wells Fargo Advisors, LLCBroker
Janney Montgomery Scott LLCBroker
Prudential Securities IncorporatedBroker
Josephthal Lyon & Ross IncorporatedBroker
John Hancock Distributors, INC.Broker
John Hancock Mutual Life Insurance CompanyBroker
Vanderbilt Securities, INC.Broker
J. T. Moran & CO., INC.Broker
Sherwood Capital, INC.Broker
First Jersey Securities, INC.Broker
State Registrations20 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.