MK
MK

Michael Korsten

35 Years of Experience
Boca Raton, FL
1 DisclosureBroker

Michael Korsten is a registered investment advisor at Ameriprise Financial Services, LLC, based in Boca Raton, FL, with 35 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 Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 6 more. Their firm serves 1,386,329 clients with $660B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12955 advisors
Number of Clients
1,386,329 clients
Average Client Portfolio
$476K average
Assets Under Management
$660.5B

Fee Structure

Minimum Investment:$2K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

The maximum total annual advisory fee is 2.0% of managed account assets. Fees are negotiable with your financial advisor and vary based on the specific program and services selected.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
Loading...

Location

5200 Town Center Cir Ste 600, Boca Raton, FL, 33486-1045

Get directions

History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
September 2015
Settled
Employment History
Current Registrations
Ameriprise Financial Services, LLC
May 2017 - Present · 9 yrs 5 mos
Ameriprise Financial Services, LLC
May 2017 - Present · 9 yrs 5 mos
Ameriprise Financial Services, LLCBroker
May 2017 - Present · 9 yrs 5 mos
Previous Registrations
Morgan Stanley
January 2015 - May 2017 · 2 yrs 4 mos
Morgan StanleyBroker
June 2009 - May 2017 · 7 yrs 11 mos
Morgan Stanley & CO. IncorporatedBroker
April 2007 - June 2009 · 2 yrs 2 mos
Morgan Stanley Dw INC.Broker
August 2006 - April 2007 · 8 mos
Ryan Beck & CO.Broker
April 2002 - August 2006 · 4 yrs 4 mos
Gruntal & CO., L.L.C.Broker
May 1998 - May 2002 · 4 yrs
Cibc Oppenheimer CORP.Broker
October 1994 - June 1998 · 3 yrs 8 mos
Lehman Brothers INC.Broker
January 1991 - October 1994 · 3 yrs 9 mos
State Registrations17 states
CACOCTFLKSMAMIMOMSNCNENJNYORPASCWI
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.
More Advisors