Michael Westerman
Michael Westerman is a registered investment advisor at Diversify Advisory Services, LLC, based in Owasso, OK, with 31 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Annuities, Business Owners, Charitable Giving, and 11 more. Their firm serves 5,322 clients with $4.6B 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 | 1.00% |
| $500K - $1.0M | 1.00% |
| $1.0M - $2.0M | 0.85% |
| $2.0M - $3.0M | 0.85% |
| $3.0M - $4.0M | 0.70% |
| $4.0M - $5.0M | 0.70% |
| $5M+ | 0.50% |
Advisory fees are negotiable and maximum annual rates are capped at 2.00% across most platforms. Certain platforms include additional strategy fees ranging from 0.15% to 0.75%.
Fee Estimator
Location
12315 East 86th Street North, suite 101, Owasso, OK, 74055
Get directionsHistory
Regulatory History (1)
Customer Dispute
February 2009Other Business ActivitiesSells Insurance
Michael sells fixed insurance, dedicating minimal time to this activity. He also owns Westerman Financial Services, LLC, which facilitates securities, advisory, and insurance business, taking up all of his time. Additionally, Michael co-owns Land Destination, LLC, a commercial real estate venture, dedicating about 10% of his time, and serves as a trustee for the Larkin Bailey Foundation, dedicating minimal time.
Employment History
Current Registrations
Diversify Advisory Services, LLC
Commonwealth Financial Network
Previous Registrations
Commonwealth Financial NetworkBroker
Bok Financial Advisors
Bosc, INC.Broker
Arvest Asset Management
Arvest Asset ManagementBroker
Nationwide Investment Services CorporationBroker
Primevest Financial Services, INC.
Primevest Financial Services, INC.Broker
CueBroker
Investment Professionals, INC.Broker
Invest Financial CorporationBroker
Edward D. Jones & CO., L.P.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.
Exams
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