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Michael Shannon

First Trust Advisors LP
28 Years of Experience
Naples, FL
1 DisclosureBroker
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Michael Shannon is a registered investment advisor at First Trust Advisors LP, based in Naples, FL, 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 Alternative Investments, High Net Worth, Investment Management, Socially Responsible Investing. Their firm serves 5,731 clients with $310B in assets under management.

First Trust Advisors LP
Compensation
Fee-Only (% of Portfolio)
Firm Size
607 advisors
Number of Clients
5,731 clients
Average Client Portfolio
$54.0M average
Assets Under Management
$309.2B

Fee Structure

Minimum Investment:$50K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any1.00%

Fees vary by strategy, ranging from 0.00% to 1.00% annually depending on the specific separately managed account strategy chosen.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

Naples, FL

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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 2008
Closed-No Action
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
First Trust Advisors LP
October 2012 - Present · 14 yrs
First Trust Portfolios L.P.Broker
April 2011 - Present · 15 yrs 6 mos
First Trust Portfolios L.P.
April 2011 - Present · 15 yrs 6 mos
Previous Registrations
Dws Investments Distributors, INCBroker
February 2008 - March 2011 · 3 yrs 1 mo
Pacific Select Distributors, INC.Broker
December 2004 - February 2008 · 3 yrs 2 mos
Mfs/sun Life Financial Distributors, INC.Broker
August 2004 - December 2004 · 4 mos
Ifmg Securities, INC.Broker
December 2002 - August 2004 · 1 yr 8 mos
Sun Life of Canada (U.S.) Distributors, INC.Broker
April 2002 - December 2002 · 8 mos
Lincoln Financial Distributors, INC.Broker
February 2001 - October 2001 · 8 mos
Liberty Securities CorporationBroker
October 1999 - November 2000 · 1 yr 1 mo
Marketing One Securities, INC.Broker
June 1999 - October 1999 · 4 mos
Conseco Financial Services, INC.Broker
November 1998 - June 1999 · 7 mos
Janney Montgomery Scott INC.Broker
April 1998 - September 1998 · 5 mos
Princor Financial Services CorporationBroker
November 1997 - June 1998 · 7 mos
State Registrations52 states
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTWAWIWVWY
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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