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Michael Foland

LPL Financial LLC
34 Years of Experience
Taylor Ridge, IL
2 DisclosuresBrokerSells Insurance
View SEC Summary
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Michael Foland is a registered investment advisor at LPL Financial LLC, based in Taylor Ridge, IL, with 34 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.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

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
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

Taylor Ridge, IL

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History

Regulatory History (2)
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
February 2005
Denied
Customer Dispute
November 1999
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael operates Foland Financial Services as a DBA for his LPL business, dedicating about a quarter of his time. He is also an agent selling annuities and various life insurance products, spending minimal time on this activity.

Employment History
Current Registrations
LPL Financial LLC
June 2023 - Present · 3 yrs 4 mos
LPL Financial LLCBroker
June 2023 - Present · 3 yrs 4 mos
Previous Registrations
Western International Securities
May 2019 - June 2023 · 4 yrs 1 mo
Western International Securities, INC.Broker
April 2019 - June 2023 · 4 yrs 2 mos
U.S. Bancorp Investments, INC.Broker
March 2011 - May 2019 · 8 yrs 2 mos
U.S. Bancorp Investments, INC.
March 2011 - May 2019 · 8 yrs 2 mos
Wells Fargo Advisors, LLCBroker
January 2011 - April 2011 · 3 mos
Wells Fargo Advisors, LLC
January 2011 - April 2011 · 3 mos
Wells Fargo Investments, LLC
August 2007 - January 2011 · 3 yrs 5 mos
Wells Fargo Investments, LLCBroker
August 2007 - January 2011 · 3 yrs 5 mos
Robert W. Baird & CO. Incorporated
November 2005 - August 2007 · 1 yr 9 mos
Robert W. Baird & CO. IncorporatedBroker
May 2001 - August 2007 · 6 yrs 3 mos
Natcity Insurance Services, INC.Broker
January 2000 - May 2001 · 1 yr 4 mos
Natcity Investments, INC.Broker
January 2000 - May 2001 · 1 yr 4 mos
Natcity Investments, INC.Broker
August 1998 - January 2000 · 1 yr 5 mos
Natcity Insurance Services, INC.Broker
May 1995 - January 2000 · 4 yrs 8 mos
First of America Brokerage Service, INC.Broker
May 1995 - May 1995 · 0 mos
Metlife Securities INC.Broker
January 1995 - May 1995 · 4 mos
Metropolitan Life Insurance CompanyBroker
January 1995 - May 1995 · 4 mos
Norwest Investment Services, INC.Broker
March 1994 - November 1994 · 8 mos
Pruco Securities CorporationBroker
October 1991 - March 1994 · 2 yrs 5 mos
The Prudential Insurance Company of AmericaBroker
October 1991 - December 1993 · 2 yrs 2 mos
State Registrations12 states
ALARCOFLIAILMNMONCNYOHVA
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.
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