Michael Vela
Michael Vela is a registered investment advisor at LPL Financial LLC, based in Piedmont, SC, with 37 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 Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.50% |
The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.
Fee Estimator
Location
Piedmont, SC
Get directionsHistory
Regulatory History (2)
Customer Dispute
January 2002Customer Dispute
October 2000Other Business ActivitiesSells Insurance
Michael operates Balmville Wealth Group as a DBA for his LPL business, dedicating a few hours per week. He is also an agent for non-variable insurance through Balmville Wealth Group, spending a few hours per week on this activity.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Foresters Financial Services, INC.Broker
State Registrations40 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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