MT
CFP
MT
CFP

Michael Turner

30 Years of Experience
Memphis, TN
Broker

Michael Turner is a CFP-designated registered investment advisor at Ameriprise Financial Services, LLC, based in Memphis, TN, with 30 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

465 S Main St, Ste 101, Memphis, TN, 38103-6433

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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 a board member for Turner since 2015, dedicating minimal time. He also has outside employment since 2019, which takes about 10-20% of his time.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
February 2014 - Present · 12 yrs 7 mos
Ameriprise Financial Services, LLC
February 2014 - Present · 12 yrs 7 mos
Ameriprise Financial Services, LLCBroker
February 2014 - Present · 12 yrs 7 mos
Previous Registrations
Charles Schwab & CO., INC.
July 2012 - February 2014 · 1 yr 7 mos
Charles Schwab & CO., INC.Broker
May 1997 - February 2014 · 16 yrs 9 mos
American Express Financial Advisors INC.Broker
August 1995 - May 1997 · 1 yr 9 mos
Ids Life Insurance CompanyBroker
August 1995 - May 1997 · 1 yr 9 mos
American Express Financial Advisors INC.Broker
January 1995 - June 1995 · 5 mos
Ids Life Insurance CompanyBroker
January 1995 - June 1995 · 5 mos
State Registrations13 states
ALARAZCAFLGAILMOMSNMPATNTX
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 Turner - Financial Advisor | TrueAdvisor