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Michael Paikos

LPL Financial LLC
25 Years of Experience
Rapid City, SD
1 DisclosureBroker
View SEC Summary
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Michael Paikos is a registered investment advisor at LPL Financial LLC, based in Rapid City, SD, with 25 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 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

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

Location

200 Main St, Rapid City, SD, 57701

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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
March 2006
Settled
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael co-owns Wayne Stanley Properties, a real estate rental business, dedicating minimal time. He also operates Black Hills Investment Services as a DBA for his LPL business, committing full-time hours. Additionally, Michael works as an Investment Program Manager at Black Hills Federal CU, spending about 10-20% of his time.

Employment History
Current Registrations
LPL Financial LLC
February 2018 - Present · 8 yrs 8 mos
LPL Financial LLCBroker
February 2018 - Present · 8 yrs 8 mos
LPL Financial LLC
February 2018 - Present · 8 yrs 8 mos
Previous Registrations
Invest Financial Corporation
November 2009 - February 2018 · 8 yrs 3 mos
Invest Financial CorporationBroker
November 2009 - February 2018 · 8 yrs 3 mos
Financial Network Investment Corporation
August 2008 - November 2009 · 1 yr 3 mos
Financial Network Investment CorporationBroker
May 2002 - November 2009 · 7 yrs 6 mos
Charles Schwab & CO., INC.Broker
November 2000 - January 2002 · 1 yr 2 mos
State Registrations30 states
AKAZCACOFLIAIDILMAMDMIMNMOMTNCNDNENJNMNVOHOKORSDTNTXVAWAWIWY
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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