MP
MP

Melissa Profitt

26 Years of Experience
Farmington Hills, MI
Broker

Melissa Profitt is a registered investment advisor at Ameriprise Financial Services, LLC, based in Farmington Hills, MI, with 26 years of industry experience. Melissa operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12781 advisors
Number of Clients
1,330,280 clients
Average Client Portfolio
$424K average
Assets Under Management
$564.6B

Fee Structure

Minimum Investment:$2K

Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.

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Location

36455 Corporate Drive, Farmington Hills, MI, 48331-3552

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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

Melissa has outside employment with Comerica Financial Advisors since 1989. This investment-related activity takes about a quarter of her time.

Employment History
Current Registrations
Ameriprise Financial Services, LLCBroker
November 2023 - Present · 2 yrs 6 mos
Ameriprise Financial Services, LLC
November 2023 - Present · 2 yrs 6 mos
Ameriprise Financial Services, LLC
August 2023 - Present · 2 yrs 9 mos
Previous Registrations
Comerica Securities
May 2004 - November 2023 · 19 yrs 6 mos
Comerica SecuritiesBroker
June 1999 - November 2023 · 24 yrs 5 mos
State Registrations7 states
AZFLMISCTNTXWI
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.