MC
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Michael Calandruccio

25 Years of Experience
Suitland, MD
1 DisclosureBroker

Michael Calandruccio is a registered investment advisor at LPL Financial LLC, based in Suitland, MD, with 25 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

5711 Allentown Road Ste. 304, Suitland, MD, 20746

Get directions

History

Regulatory History (1)
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
February 2004
Denied
Other Business Activities

Michael operates under the DBA Andrews Investment Services for his LPL business.

Employment History
Current Registrations
LPL Financial LLCBroker
May 2022 - Present · 4 yrs 2 mos
LPL Financial LLC
May 2022 - Present · 4 yrs 2 mos
Previous Registrations
CUNA Brokerage Services, INC.
June 2017 - May 2022 · 4 yrs 11 mos
CUNA Brokerage Services, INC.Broker
June 2017 - May 2022 · 4 yrs 11 mos
Kestra Advisory Services, LLC
May 2016 - June 2017 · 1 yr 1 mo
NFP Advisor Services, LLC
July 2015 - September 2016 · 1 yr 2 mos
Kestra Investment Services, LLCBroker
July 2015 - June 2017 · 1 yr 11 mos
Usadvisors Wealth Management, LLC
October 2012 - December 2015 · 3 yrs 2 mos
Securities America, INC.Broker
March 2011 - July 2015 · 4 yrs 4 mos
Securities America Advisors, INC.
March 2011 - November 2012 · 1 yr 8 mos
Cuso Financial Services, L.P.Broker
April 2008 - February 2011 · 2 yrs 10 mos
Cuso Financial Services, L.P.
April 2008 - February 2011 · 2 yrs 10 mos
NFP Securities, INC.Broker
February 2008 - April 2008 · 2 mos
NFP Securities, INC.
February 2008 - April 2008 · 2 mos
Ifmg Securities, INC.Broker
January 2007 - February 2008 · 1 yr 1 mo
Ifmg Securities, INC.
January 2007 - February 2008 · 1 yr 1 mo
Lara, Shull & May, LTDBroker
October 2006 - October 2006 · 0 mos
Lara, Shull & May, LTD.
October 2006 - October 2006 · 0 mos
Bb&t Investment Services, INC.Broker
March 2006 - May 2006 · 2 mos
Bb&t Investment Services, INC.
March 2006 - May 2006 · 2 mos
Ryan Beck & CO.
January 2005 - February 2006 · 1 yr 1 mo
Ryan Beck & CO.Broker
September 2004 - February 2006 · 1 yr 5 mos
MML Investors Services, INC.Broker
October 2003 - February 2004 · 4 mos
Quick & Reilly, INC.
April 2003 - August 2003 · 4 mos
Quick & Reilly, INC.Broker
April 2003 - August 2003 · 4 mos
Suntrust Securities, INC.
June 2002 - December 2002 · 6 mos
Suntrust Securities, INC.Broker
October 2000 - December 2002 · 2 yrs 2 mos
Citicorp Investment ServicesBroker
October 1999 - September 2000 · 11 mos
Friedman, Billings, Ramsey & CO., INC.Broker
July 1998 - October 1999 · 1 yr 3 mos
State Registrations23 states
ALAZCACODCDEFLGAILINMDMOMSNCNJNMNYOHPASCTXVAWV
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 Calandruccio - Financial Advisor | TrueAdvisor