Michael Grove is a registered investment advisor at LPL Enterprise, LLC, based in New York, NY, with 18 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 86,726 clients with $19B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).
Location
1270 Avenue of the Americas, Ste 1000, New York, NY, 10020
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Michael owns two rental real estate properties, one in Highland Park, IL (since 2001) and another in Honolulu, HI (since 2018). He dedicates minimal time to these activities.
Employment History
Current Registrations
LPL Enterprise, LLC
LPL Enterprise, LLCBroker
Previous Registrations
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
Guggenheim Securities, LLCBroker
Deutsche Bank Securities INC.Broker
Recom Securities, INC.Broker
State Registrations20 states
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