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Michael Oflaherty

LPL Financial LLC
33 Years of Experience
South Kingstown, RI
2 DisclosuresBroker
View SEC Summary
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Michael Oflaherty is a registered investment advisor at LPL Financial LLC, based in South Kingstown, RI, with 33 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
—
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Location

South Kingstown, RI

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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
September 2019
Denied
Customer Dispute
March 2007
Denied
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
LPL Financial LLC
May 2023 - Present · 3 yrs 5 mos
LPL Financial LLCBroker
May 2023 - Present · 3 yrs 5 mos
Previous Registrations
Janney Montgomery Scott LLCBroker
April 2017 - May 2023 · 6 yrs 1 mo
Janney Montgomery Scott LLC
April 2017 - May 2023 · 6 yrs 1 mo
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
October 2009 - April 2017 · 7 yrs 6 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
October 2009 - April 2017 · 7 yrs 6 mos
Banc of America Investment Services, INC.
October 2004 - October 2009 · 5 yrs
Banc of America Investment Services, INC.Broker
October 2004 - October 2009 · 5 yrs
Quick & Reilly, INC.
March 2003 - October 2004 · 1 yr 7 mos
Quick & Reilly, INC.Broker
September 2000 - October 2004 · 4 yrs 1 mo
Fis Securities, INC.Broker
November 1997 - September 2000 · 2 yrs 10 mos
Banc One Securities CorporationBroker
April 1997 - August 1997 · 4 mos
Franklin/templeton Distributors, INC.Broker
July 1994 - March 1997 · 2 yrs 8 mos
Equico Securities, INC.Broker
January 1992 - March 1993 · 1 yr 2 mos
The Equitable Life Assurance Society of the United StatesBroker
January 1992 - March 1993 · 1 yr 2 mos
State Registrations10 states
COFLMANJNYRISCTXVAVT
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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