MJ
MJ

Michael Johnson

31 Years of Experience
Clare, MI
3 DisclosuresBroker

Michael Johnson is a registered investment advisor at LPL Financial LLC, based in Clare, MI, with 31 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
27420 advisors
Number of Clients
1,676,192 clients
Average Client Portfolio
$369K average
Assets Under Management
$618.9B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)

LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.

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Location

650 W 5th St, Clare, MI, 48617

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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
July 2013
Settled
Customer Dispute
September 2007
Denied
Customer Dispute
March 2006
Denied
Other Business Activities

Michael operates Members First Investment Services as a DBA for his LPL business and owns Great Lakes Sporting Goods LLC. He also works as a notary and rents out a lake house through Middle Lake Vacations LLC, dedicating minimal time to each of these activities.

Employment History
Current Registrations
LPL Financial LLC
August 2019 - Present · 6 yrs 9 mos
LPL Financial LLCBroker
August 2019 - Present · 6 yrs 9 mos
LPL Financial LLC
August 2019 - Present · 6 yrs 9 mos
Previous Registrations
Huntington Financial Advisors
April 2015 - May 2019 · 4 yrs 1 mo
The Huntington Investment CompanyBroker
April 2015 - May 2019 · 4 yrs 1 mo
Cetera Investment Advisers LLC
March 2015 - April 2015 · 1 mo
Cetera Investment Services LLCBroker
March 2015 - April 2015 · 1 mo
The Huntington Investment Company
July 2006 - March 2015 · 8 yrs 8 mos
The Huntington Investment CompanyBroker
July 2006 - March 2015 · 8 yrs 8 mos
Ifmg Securities, INC.
February 2004 - July 2006 · 2 yrs 5 mos
Ifmg Securities, INC.Broker
January 2004 - July 2006 · 2 yrs 6 mos
Foresters Equity Services, INC.Broker
September 2003 - January 2004 · 4 mos
Banc One Securities Corporation
November 2002 - January 2003 · 2 mos
Banc One Securities CorporationBroker
April 2001 - January 2003 · 1 yr 9 mos
Painewebber IncorporatedBroker
May 1999 - February 2001 · 1 yr 9 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
May 1996 - May 1999 · 3 yrs
Smith Barney INC.Broker
October 1993 - June 1996 · 2 yrs 8 mos
G. R. Phelps & CO., INC.Broker
June 1993 - August 1993 · 2 mos
State Registrations6 states
AZCACOKSMINJ
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.
Michael Johnson - Financial Advisor | TrueAdvisor