Michael Powers
Michael Powers is a CFP-designated registered investment advisor at LPL Financial LLC, based in Schenectady, NY, 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
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
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.
Location
Schenectady, NY
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
January 1998Other Business Activities
Michael operates Pinnacle Financial as a DBA for his LPL business and Powers Management Inc for tax/investment purposes. He also works as a rideshare driver, dedicating about half his time to this activity, including a few hours per week during trading hours.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Banc of America Investment Services, INC.
Banc of America Investment Services, INC.Broker
Quick & Reilly, INC.
Quick & Reilly, INC.Broker
Summit Financial Services Group, INC.Broker
Fiserv Investor Services, INC.Broker
PNC Brokerage CORPBroker
L.C. Wegard & CO., INC.Broker
PNC Securities CORPBroker
State Registrations6 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.