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Michael Oconnell

LPL Financial LLC
29 Years of Experience
Paramus, NJ
3 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Oconnell is a registered investment advisor at LPL Financial LLC, based in Paramus, NJ, 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 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

461 From Rd Ste 385, 3rd Floor, Paramus, NJ, 07652

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History

Regulatory History (3)
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
July 2002
Closed-No Action
Customer Dispute
June 2002
Closed-No Action
Customer Dispute
June 2002
Closed-No Action
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is an independent agent selling non-variable insurance since January 2024, dedicating a few hours per week. He also operates his LPL business through Wealth Management Group, LLC, spending about a quarter of his time on this. Additionally, Michael works as a financial advisor for Life Policy Pros, Inc, selling non-variable insurance, dedicating a few hours per week.

Employment History
Current Registrations
LPL Financial LLCBroker
November 2023 - Present · 2 yrs 11 mos
LPL Financial LLC
November 2023 - Present · 2 yrs 11 mos
Previous Registrations
Cetera Investment Advisers LLC
August 2023 - November 2023 · 3 mos
Cetera Advisor Networks LLCBroker
August 2023 - November 2023 · 3 mos
Securian Financial Services, INC.Broker
June 2004 - August 2023 · 19 yrs 2 mos
Securian Financial Services, INC.
June 2004 - August 2023 · 19 yrs 2 mos
Ws Griffith Securities, INC.
June 2002 - June 2004 · 2 yrs
Ws Griffith Securities, INC.Broker
August 1997 - June 2004 · 6 yrs 10 mos
State Registrations24 states
CACOCTDEFLGAILINMAMDMENCNJNMNYOHORPASCTXUTVAVTWA
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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Michael Oconnell - Financial Advisor | TrueAdvisor