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Michael Townsend

Raymond James & Associates, INC.
33 Years of Experience
Oakbrook Terrace, IL
3 DisclosuresBroker
View SEC Summary
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Michael Townsend is a CFP-designated registered investment advisor at Raymond James & Associates, INC., based in Oakbrook Terrace, IL, 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 Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 3 more. Their firm serves 531,617 clients with $500B in assets under management.

Raymond James & Associates, INC.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
5819 advisors
Number of Clients
531,617 clients
Average Client Portfolio
$942K average
Assets Under Management
$501.0B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Fees are not to exceed an annual rate of 2.25% of the value of assets on which investment consulting services are provided. Specific fee schedules for wrap fee programs and managed accounts are detailed in the separate Wrap Fee Program Brochure.

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

Location

1 Mid America Plz, Suite 800, Oakbrook Terrace, IL, 60181

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History

Regulatory History (3)
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 2004
Denied
Customer Dispute
July 2003
Settled
Customer Dispute
January 2001
Settled
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
Raymond James & Associates, INC.
January 2018 - Present · 8 yrs 9 mos
Raymond James & Associates, INC.Broker
January 2018 - Present · 8 yrs 9 mos
Previous Registrations
Waddell & ReedBroker
November 2015 - January 2018 · 2 yrs 2 mos
Waddell & Reed
January 2015 - January 2018 · 3 yrs
Prospera Financial Services, INC.Broker
September 2013 - November 2015 · 2 yrs 2 mos
Prospera Financial Services, INC.
September 2013 - November 2015 · 2 yrs 2 mos
Ameriprise Financial Services, INC.
April 2009 - September 2013 · 4 yrs 5 mos
Ameriprise Financial Services, INC.Broker
March 2009 - September 2013 · 4 yrs 6 mos
Ameriprise Advisor Services, INC.
June 2003 - October 2009 · 6 yrs 4 mos
Ameriprise Advisor Services, INC.Broker
June 2003 - October 2009 · 6 yrs 4 mos
Rsm Mcgladrey, INC.
March 2003 - June 2003 · 3 mos
H&r Block Financial Advisors, INC.Broker
April 1993 - June 2003 · 10 yrs 2 mos
Gruntal & CO. IncorporatedBroker
October 1992 - April 1993 · 6 mos
State Registrations52 states
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTWAWIWVWY
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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