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CFP
ME
CFP

Michael Elchoness

LPL Financial LLC
16 Years of Experience
Mt. Laurel, NJ
Broker
View SEC Summary
View SEC Summary

Michael Elchoness is a CFP-designated registered investment advisor at LPL Financial LLC, based in Mt. Laurel, NJ, with 16 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

1000 Atrium Way, Suite 401, Mt. Laurel, NJ, 08054

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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 business owner at Bluma Consulting LLC, dedicating about a quarter of his time. He also works with Momentum Wealth Partners, spending nearly full-time hours there, and has a consulting assignment as SVP of Community Relations for Your Choice Home Care, taking about a quarter of his time.

Employment History
Current Registrations
LPL Financial LLCBroker
July 2025 - Present · 1 yr 3 mos
LPL Financial LLC
May 2025 - Present · 1 yr 5 mos
Previous Registrations
PNC Investments
August 2014 - December 2018 · 4 yrs 4 mos
PNC InvestmentsBroker
August 2014 - December 2018 · 4 yrs 4 mos
TD Private Client Wealth LLC
April 2013 - July 2014 · 1 yr 3 mos
TD Private Client Wealth LLCBroker
February 2013 - July 2014 · 1 yr 5 mos
Wells Fargo Advisors, LLCBroker
December 2007 - March 2011 · 3 yrs 3 mos
Wachovia Securities, LLCBroker
June 2005 - December 2005 · 6 mos
Axelrod Associates, INC.Broker
February 2000 - March 2002 · 2 yrs 1 mo
Salomon Smith Barney INC.Broker
October 1999 - February 2000 · 4 mos
Scudder Financial Services, INC.Broker
January 1999 - September 1999 · 8 mos
Scudder Investor Services, INC.Broker
June 1998 - December 1998 · 6 mos
First Union Brokerage Services, INC.Broker
November 1997 - July 1998 · 8 mos
Dean Witter Reynolds INC.Broker
October 1996 - July 1997 · 9 mos
Prime Charter LTD.Broker
August 1996 - October 1996 · 2 mos
State Registrations1 state
NJ
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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