Michael Vela
Michael Vela is a registered investment advisor at LPL Financial LLC, based in Piedmont, SC, with 36 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
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.
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.