Michael Wallace
Michael Wallace is a registered investment advisor at Financial Services of America Advisors, based in Troy, MI, with 33 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 4,406 clients with $570M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.50% |
| $500K - $1000K | 1.25% |
| $1M+ | 1.00% |
Fees are negotiable.
Fee Estimator
Location
50 W Big Beaver Rd Suite 500, Troy, MI, 48084
Get directionsHistory
Regulatory History
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.
Learn about disclosures →Other Business ActivitiesSells Insurance
Michael works as an insurance agent for Financial Services of America and FSA Health, dedicating about a quarter of his time to the former and minimal time to the latter. He also works as an investment advisor representative for FSA Advisors, taking about two-thirds of his time, and is the president of Wallace Holdings, taking about three-quarters of his time.
Employment History
Current Registrations
Fsa Advisors, INC.
Previous Registrations
Ae Financial Services, LLCBroker
Independence Capital CO., INC.
Independence Capital CO., INC.Broker
Usallianz Securities, INC.Broker
Mtl Equity Products, INC.Broker
Iac Securities, INC.Broker
Mariner Financial Services, INC.Broker
Mariner Financial Services, INC.Broker
State Registrations2 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.