TrueAdvisor
TrueAdvisor
MB
MB

Michael Benninghoven

Principal Securities, INC.
29 Years of Experience
Burlington, IA
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Benninghoven is a registered investment advisor at Principal Securities, INC., based in Burlington, IA, with 29 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 51,941 clients with $17B in assets under management.

Principal Securities, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1709 advisors
Number of Clients
51,941 clients
Average Client Portfolio
$328K average
Assets Under Management
$17.0B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $150K1.75%
$150K - $250K1.75%
$250K - $500K1.75%
$500K - $1000K1.20%
$1M+1.10%

Fees are negotiable and collected quarterly in arrears. Schedule reflects the SEI Managed Account Solutions program maximum fees. Other programs utilize promoter fees ranging from 0.07% to 1.50% or asset-based fees up to 1.95%.

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

Location

320 N 3rd Ste 419, Burlington, IA, 52601

Get directions

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
November 2014
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael sells various insurance products, including life, disability, annuities, long-term care, Medicare Supplement, hearing, and vision. He dedicates minimal time to these activities.

Employment History
Current Registrations
Principal Securities, INC.
October 2017 - Present · 9 yrs
Principal Securities, INC.Broker
September 2017 - Present · 9 yrs 1 mo
Previous Registrations
MML Investors Services, LLCBroker
March 2017 - September 2017 · 6 mos
MML Investors Services, LLC
March 2017 - September 2017 · 6 mos
Msi Financial Services, INC.
October 2012 - March 2017 · 4 yrs 5 mos
Msi Financial Services, INC.Broker
May 1997 - March 2017 · 19 yrs 10 mos
Metropolitan Life Insurance CompanyBroker
May 1997 - July 2007 · 10 yrs 2 mos
Pruco Securities CorporationBroker
March 1997 - April 1997 · 1 mo
State Registrations6 states
ARCOIAILMOPA
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.
More Advisors
More financial advisors in Burlington, IA →All financial advisors in Iowa →