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Michael Wallman

LPL Financial LLC
30 Years of Experience
Orlando, FL
2 DisclosuresBroker
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Michael Wallman is a registered investment advisor at LPL Financial LLC, based in Orlando, 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
—
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Location

Orlando, FL

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History

Regulatory History (2)
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.
Financial
April 2021
Final
Employment Separation After Allegations
August 2011
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael operates under two DBAs for his LPL business: Wallman Financial and OnlyFinanceMan. These investment-related activities consume a full-time equivalent of time.

Employment History
Current Registrations
LPL Financial LLC
May 2025 - Present · 1 yr 5 mos
LPL Financial LLCBroker
May 2025 - Present · 1 yr 5 mos
Previous Registrations
Grove Point Advisors, LLC
April 2021 - May 2025 · 4 yrs 1 mo
H. Beck, INC.
September 2016 - April 2021 · 4 yrs 7 mos
Grove Point Investments, LLCBroker
September 2016 - May 2025 · 8 yrs 8 mos
Investors Capital Advisory
October 2011 - September 2016 · 4 yrs 11 mos
Investors Capital CORP.Broker
September 2011 - September 2016 · 5 yrs
Securities America Advisors, INC.
January 2008 - August 2011 · 3 yrs 7 mos
Securities America, INC.Broker
December 2007 - August 2011 · 3 yrs 8 mos
Raymond James Financial Services
June 2005 - December 2007 · 2 yrs 6 mos
Raymond James Financial Services, INC.Broker
April 2002 - December 2007 · 5 yrs 8 mos
Moors & Cabot, INC.Broker
December 2000 - April 2002 · 1 yr 4 mos
Moors & Cabot, INC.Broker
December 2000 - December 2000 · 0 mos
Dean Witter Reynolds INC.Broker
March 1998 - December 2000 · 2 yrs 9 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
October 1996 - April 1998 · 1 yr 6 mos
Prudential Securities IncorporatedBroker
July 1996 - August 1996 · 1 mo
State Registrations7 states
FLGAMANCNJNMNY
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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