Michael Aschberger
Michael Aschberger is a registered investment advisor at Osaic Wealth, INC., based in Franklin, WI, with 29 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
Franklin, WI
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Regulatory History (1)
Customer Dispute
February 2019Other Business ActivitiesSells Insurance
Michael operates under two DBAs: Aschberger Financial Services, focused on fixed insurance and investment advice (full-time), and Altus Consulting Group, for advertising financial services (about a quarter of his time). He also participates in a condominium association and co-owns rental property, requiring minimal time.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Previous Registrations
Voya Financial Advisors, INC.Broker
Voya Financial Advisors, INC.
Oakbrook Financial Group, LLC
Oakbrook Financial Group, LLCBroker
PFS Investments INC.Broker
State Registrations29 states
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.