Michael Godfrey
Michael Godfrey is a CFP-designated registered investment advisor at LPL Financial LLC, based in Melville, NY, with 27 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
Location
Melville, NY
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Regulatory History (1)
Employment Separation After Allegations
May 2013Other Business ActivitiesSells Insurance
Michael is an investment advisor representative (IAR) offering investment advisory services, dedicating about 10-20% of his time. He is also an insurance agent since 2012, offering various insurance products and spending a few hours per week on this activity. Additionally, Michael is the Vice President of Fargo Holdings LLC, a company seeking rental properties, spending a few hours per week on this activity.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Progressive Financial Planning Services INC.
Previous Registrations
Cadaret Grant & CO INC
Cadaret, Grant & CO., INC.Broker
Lincoln Financial Securities CorporationBroker
State Registrations16 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.