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Michael Dorsey

Ameriprise Financial Services, LLC
29 Years of Experience
Delano, MN
1 DisclosureBroker
View SEC Summary
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Michael Dorsey is a registered investment advisor at Ameriprise Financial Services, LLC, based in Delano, MN, 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 Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 6 more. Their firm serves 1,386,329 clients with $660B in assets under management.

Ameriprise Financial Services, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12955 advisors
Number of Clients
1,386,329 clients
Average Client Portfolio
$476K average
Assets Under Management
$660.5B

Fee Structure

Minimum Investment:$2K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

The maximum total annual advisory fee is 2.0% of managed account assets. Fees are negotiable with your financial advisor and vary based on the specific program and services selected.

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

Location

131 Babcock Blvd W, Ste 2, Delano, MN, 55328-4583

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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
January 2010
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael owns multiple single-family real estate properties, some investment-related and some not. He also co-owns another business and is employed by MDFF LLC, dedicating about a third of his time to each.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
October 2006 - Present · 20 yrs
Ameriprise Financial Services, LLC
March 1997 - Present · 29 yrs 7 mos
Ameriprise Financial Services, LLCBroker
March 1997 - Present · 29 yrs 7 mos
Previous Registrations
Ids Life Insurance CompanyBroker
March 1997 - July 2006 · 9 yrs 4 mos
State Registrations12 states
AZCACOFLIDMIMNMTNCNDSDTX
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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