Michael Binstock
Michael Binstock is a registered investment advisor at Creativeone Securities, LLC, based in Chanhassen, MN, with 26 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Insurance Planning, Retirement Planning, and 1 more. Their firm serves 11,317 clients with $2.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
CreativeOne Securities (C1S) offers several investment management options:
- CreativeOne Wealth Platform: Fees range from 0.55% to 2.5% annually, based on the value of your investments. The fee is negotiated, so clients receiving similar services may pay different fees.
- Separately Managed Accounts: Fees are a flat annual fee negotiated with your C1S Representative, based on the time and complexity required to manage your account.
- Client Choice Investment Management: Fees are up to 2.00% annually, based on the daily average value of the assets in your account.
A minimum of $25,000 is required for all management programs, except CreativeOne Wealth, LLC Alpha UMA which requires a minimum of $150,000.
Location
7945 Stone Creek Drive #40, Chanhassen, MN, 55317
Get directionsHistory
Regulatory History (8)
Customer Dispute
September 2022Customer Dispute
April 2022Regulatory
January 2012Customer Dispute
January 2011Customer Dispute
November 2010Customer Dispute
March 2010Employment Separation After Allegations
June 2009Customer Dispute
June 2006Other Business ActivitiesSells Insurance
Michael sells fixed insurance and annuities through CreativeOne and Western Lakes Financial, where he is also the Owner/CEO. He also owns rental property and works as a financial planner for Affinity Asset Management, and is a director for F3E Foundation. Western Lakes Financial takes nearly all of Michael's time, while the other activities take about 10-20% of his time or less.
Employment History
Current Registrations
Creativeone Securities, LLC
Creativeone Securities, LLCBroker
Previous Registrations
Cambridge Investment Research, INC.Broker
Cambridge Investment Research Advisors, INC.
Investment Advisors CORP
Broker Dealer Financial Services CORP.Broker
Thrivent Investment Management INC.Broker
State Registrations1 state
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.