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ChFC

Michael Laporte

LPL Financial LLC
30 Years of Experience
Oakland, FL
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Laporte is a ChFC-designated registered investment advisor at LPL Financial LLC, based in Oakland, FL, with 30 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

2 W Oakland Ave Ste 200, Oakland, FL, 34760

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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 2015
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is associated with LaPorte Financial, LLC as an insurance agency and as a DBA for LPL business since 2013. Both activities are investment-related and each takes nearly full-time.

Employment History
Current Registrations
LPL Financial LLC
July 2018 - Present · 8 yrs 3 mos
LPL Financial LLCBroker
July 2018 - Present · 8 yrs 3 mos
Previous Registrations
Cetera Advisor Networks LLC
September 2013 - July 2018 · 4 yrs 10 mos
Cetera Advisor Networks LLCBroker
September 2013 - July 2018 · 4 yrs 10 mos
Vicus Capital, INC.
October 2011 - July 2018 · 6 yrs 9 mos
Walnut Street Securities, INC.
May 2006 - September 2013 · 7 yrs 4 mos
Laporte Financial Group, INC.
March 2004 - June 2006 · 2 yrs 3 mos
Walnut Street Advisers INC
March 2002 - November 2006 · 4 yrs 8 mos
Walnut Street Securities, INC.Broker
February 2000 - September 2013 · 13 yrs 7 mos
Nylife Securities INC.Broker
June 1996 - February 2000 · 3 yrs 8 mos
State Registrations23 states
ALCACOFLGAIDILINKYMAMDNCNJNYOKPASCTNTXVAVTWAWI
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.
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