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Michael Litherland

31 Years of Experience
Alexandria, VA
Broker

Michael Litherland is a registered investment advisor at Ameriprise Financial Services, LLC, based in Alexandria, VA, 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 Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12781 advisors
Number of Clients
1,330,280 clients
Average Client Portfolio
$424K average
Assets Under Management
$564.6B

Fee Structure

Minimum Investment:$2K

Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.

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Location

211 N Union Street Suite 100, Rooms 109 & 121 & 148, Alexandria, VA, 22314-2643

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History

Regulatory History
Clean regulatory record

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.

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Other Business Activities

Michael is involved in two outside business activities. He works at I Find Education and GBB LLC, spending minimal time at I Find Education and about a third of his time at GBB LLC.

Employment History
Current Registrations
Ameriprise Financial Services, LLCBroker
March 2017 - Present · 9 yrs 2 mos
Ameriprise Financial Services, LLC
March 2017 - Present · 9 yrs 2 mos
Ameriprise Financial Services, LLC
March 2017 - Present · 9 yrs 2 mos
Previous Registrations
Bb&t Investment Services, INC.
December 2009 - November 2016 · 6 yrs 11 mos
Bb&t Investment Services, INC.Broker
December 2009 - November 2016 · 6 yrs 11 mos
Citigroup Global Markets INC.Broker
May 2007 - December 2009 · 2 yrs 7 mos
Citigroup Global Markets INC.
May 2007 - December 2009 · 2 yrs 7 mos
Citicorp Investment Services
May 2003 - May 2007 · 4 yrs
Citicorp Investment ServicesBroker
April 2002 - May 2007 · 5 yrs 1 mo
Morgan Stanley Dw INC.Broker
March 1998 - April 2002 · 4 yrs 1 mo
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
October 1994 - April 1998 · 3 yrs 6 mos
State Registrations41 states
AKALAZCACOCTDCDEFLGAHIILINKYLAMAMDMEMIMNMSMTNCNHNJNMNVNYOHORPASCSDTXUTVAVTWAWIWVWY
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.