Michael Thompson
Michael Thompson is a registered investment advisor at LPL Enterprise, LLC, based in Troy, MI, with 22 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 86,726 clients with $19B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).
Location
101 W Big Beaver Road, Suite 705, Troy, MI, 48084
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Regulatory History (1)
Employment Separation After Allegations
October 2018Employment History
Current Registrations
LPL Enterprise, LLC
LPL Enterprise, LLCBroker
Previous Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Citizens Securities, INC.
Citizens Securities, INC.Broker
PNC InvestmentsBroker
Ing Financial Partners, INC.Broker
Ing Financial Partners, INC.Broker
Cambridge Group Investments, LTD.Broker
Abn Amro Financial Services, INC.Broker
Fahnestock & CO., INC.Broker
First of Michigan CorporationBroker
Charles Schwab & CO., INC.Broker
Locust Street Securities, INC.Broker
State Registrations3 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.