Michael Brown is a CFA-designated registered investment advisor at The Planning Group, based in Northfield, IL, with 24 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, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 267 clients with $240M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.10% |
| $1.0M - $2.0M | 0.85% |
| $2.0M - $3.0M | 0.65% |
| $3M+ | 0.50% |
Asset management fees may be negotiable.
Fee Estimator
Location
465 Central Ave, Suite 201, Northfield, IL, 60093
Get directionsHistory
Regulatory History
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.
Learn about disclosures →Other Business ActivitiesSells Insurance
Michael is a CPA and an independent licensed insurance agent, potentially creating conflicts of interest when offering advice or products from these activities. He also acts as a paid trustee for two individual trusts, dedicating a few hours per week to supervising investments, budgeting, and meeting with beneficiaries.
Employment History
Current Registrations
The Planning Group
Previous Registrations
Drw Financial, INC.
Cambridge Investment Research Advisors, INC.
Cambridge Investment Research, INC.Broker
Waterstone Financial Group, INC.
Waterstone Financial Group, INC.Broker
State Registrations4 states
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.