ML
CFP
ML
CFP

Michael Lamaina

35 Years of Experience
Haddon Heights, NJ
BrokerSells Insurance

Michael Lamaina is a CFP-designated registered investment advisor at LPL Financial LLC, based in Haddon Heights, NJ, with 35 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

115 S Black Horse Pike, Haddon Heights, NJ, 08035

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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 is a landlord and 100% owner of an office building since 2010, and owns rental real estate through 115 Black Horse Pike LLC. He also sells fixed insurance as an agent since 1996, dedicating minimal time to this activity, and owns Lamainiac Motorsports since 2008, dedicating a few hours per week.

Employment History
Current Registrations
LPL Financial LLC
November 2017 - Present · 8 yrs 6 mos
LPL Financial LLCBroker
November 2017 - Present · 8 yrs 6 mos
Previous Registrations
National Planning Corporation ("npc of America" in Fl & Ny)
March 2016 - December 2017 · 1 yr 9 mos
National Planning CorporationBroker
March 2016 - November 2017 · 1 yr 8 mos
Hornor, Townsend & Kent, INC.
May 2008 - March 2016 · 7 yrs 10 mos
Cornerstone Financial Advisors INC.
November 2004 - December 2024 · 20 yrs 1 mo
Hornor, Townsend & Kent, INC.Broker
July 1996 - March 2016 · 19 yrs 8 mos
Fsc Securities CorporationBroker
October 1990 - July 1996 · 5 yrs 9 mos
State Registrations21 states
AZCTDCDEFLGAIAILKYMAMDNCNDNJNYPASCTXVAWAWI
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 Lamaina - Financial Advisor | TrueAdvisor