Michael Shannon
Michael Shannon is a registered investment advisor at First Trust Advisors LP, based in Naples, FL, with 27 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 5,033 clients with $260B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
First Trust Advisors (FTA) provides investment advice through separately managed accounts (SMAs). The fees for these services are listed in the FTA Fee Schedule. These fees do not include custody, trade execution, or other account service fees. Clients may also indirectly bear the expenses of funds their SMAs invest in. The advisory fees are assessed quarterly, generally in advance, but may be assessed in arrears for certain wrap programs. Refunds are prorated if an SMA is closed before the end of a quarter, but may not be refunded if closed in the last 30 days of a quarter.
Location
Naples, FL
Get directionsHistory
Regulatory History (1)
Customer Dispute
March 2008Employment History
Current Registrations
First Trust Advisors LP
First Trust Portfolios L.P.Broker
First Trust Portfolios L.P.
Previous Registrations
Dws Investments Distributors, INCBroker
Pacific Select Distributors, INC.Broker
Mfs/sun Life Financial Distributors, INC.Broker
Ifmg Securities, INC.Broker
Sun Life of Canada (U.S.) Distributors, INC.Broker
Lincoln Financial Distributors, INC.Broker
Liberty Securities CorporationBroker
Marketing One Securities, INC.Broker
Conseco Financial Services, INC.Broker
Janney Montgomery Scott INC.Broker
Princor Financial Services CorporationBroker
State Registrations3 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.