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Michael Chu

LPL Financial LLC
27 Years of Experience
Chesapeake, VA
2 DisclosuresBroker
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Michael Chu is a registered investment advisor at LPL Financial LLC, based in Chesapeake, VA, with 27 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

501 Independence Pkwy Ste 202, Chesapeake, VA, 23320

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History

Regulatory History (2)
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 2009
Settled
Customer Dispute
September 2001
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael owns JCG, LLC for tax/investment purposes, spending minimal time on it. He is also a Notary for the state of VA and acts in a Fiduciary Capacity as a POA, both requiring minimal time.

Employment History
Current Registrations
LPL Financial LLC
July 2019 - Present · 7 yrs 3 mos
LPL Financial LLCBroker
July 2019 - Present · 7 yrs 3 mos
Previous Registrations
Securities America, INC.Broker
March 2010 - July 2010 · 4 mos
Ameriprise Financial Services, INC.Broker
August 2009 - July 2019 · 9 yrs 11 mos
Ameriprise Financial Services, INC.
August 2009 - July 2019 · 9 yrs 11 mos
Morgan Stanley Smith Barney LLC
June 2009 - August 2009 · 2 mos
Morgan Stanley Smith BarneyBroker
June 2009 - August 2009 · 2 mos
Citigroup Global Markets INC.
February 2006 - June 2009 · 3 yrs 4 mos
Citigroup Global Markets INC.Broker
February 2006 - June 2009 · 3 yrs 4 mos
Legg Mason Wood Walker INC
September 2000 - February 2006 · 5 yrs 5 mos
Legg Mason Wood Walker, IncorporatedBroker
July 1999 - February 2006 · 6 yrs 7 mos
State Registrations24 states
ALCACOCTDCFLGAILINLAMDMSNCNVNYOHPARISCSDTNTXVAWV
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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