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CFP · PFS
MH
CFP · PFS

Michael Hefner

Raymond James Financial Services Advisors, INC
28 Years of Experience
West Des Moines, IA
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Hefner is a CFP, PFS-designated registered investment advisor at Raymond James Financial Services Advisors, INC, based in West Des Moines, IA, with 28 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, Education Planning, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 508,439 clients with $390B in assets under management.

Raymond James Financial Services Advisors, INC
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
6724 advisors
Number of Clients
508,439 clients
Average Client Portfolio
$767K average
Assets Under Management
$390.0B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Maximum annual fee percentage is 2.25% of assets under advisement. Specific fees are negotiable with your financial advisor based on time, complexity, and portfolio size.

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

Location

1415 28th St, Ste 335, West Des Moines, IA, 50266

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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
August 2006
Award / Judgment
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is a co-owner of Hefner Financial Inc., facilitating securities, advisory, and insurance business, and also provides tax preparation services through Hefner Financial, Inc., dedicating about 10-20% and about a quarter of his time, respectively. He is also a board member of Sleepy Hollow Sports Park and co-owner of farm property, dedicating minimal time to each, and sells fixed insurance.

Employment History
Current Registrations
Raymond James Financial Services Advisors, INC
January 2026 - Present · 9 mos
Raymond James Financial Services, INC.Broker
January 2026 - Present · 9 mos
Previous Registrations
Commonwealth Financial Network
June 2004 - January 2026 · 21 yrs 7 mos
Commonwealth Financial NetworkBroker
June 2004 - January 2026 · 21 yrs 7 mos
Intersecurities, INC.
January 1999 - June 2004 · 5 yrs 5 mos
Intersecurities, INC.Broker
December 1997 - June 2004 · 6 yrs 6 mos
State Registrations24 states
ARAZCACOFLIAILINKSMDMIMNMOMTNCNENJNMOHSDTXUTVAWA
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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