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Michael Labelle

28 Years of Experience
Cottage Grove, MN
Broker

Michael Labelle is a registered investment advisor at Ameriprise Financial Services, LLC, based in Cottage Grove, MN, with 28 years of industry experience. Michael 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

Cottage Grove, MN

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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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Employment History
Current Registrations
Ameriprise Financial Services, LLC
June 2012 - Present · 13 yrs 11 mos
Ameriprise Financial Services, LLCBroker
September 2011 - Present · 14 yrs 8 mos
Previous Registrations
Riversource Distributors, INC.Broker
January 2010 - September 2011 · 1 yr 8 mos
Riversource Fund Distributors, INC.Broker
January 2009 - January 2010 · 1 yr
Riversource Distributors, INC.Broker
November 2007 - January 2009 · 1 yr 2 mos
Ameriprise Financial Services, INC.Broker
August 1997 - November 2007 · 10 yrs 3 mos
Ids Life Insurance CompanyBroker
August 1997 - July 2006 · 8 yrs 11 mos
State Registrations6 states
ARMAMNMTSDUT
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.
Michael Labelle - Financial Advisor | TrueAdvisor