MS
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Michael Schodrof

25 Years of Experience
Chicago, IL
Broker

Michael Schodrof is a registered investment advisor at Raymond James & Associates, INC., based in Chicago, IL, with 25 years of industry experience. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 2 more. Their firm serves 531,617 clients with $500B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
5669 advisors
IM Fee
Planning only
Assets Under Management
$501.0B

Fee Structure

Investment management only (planning not offered)
Hourly Rate:Up to $400/hr
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Location

120 S Riverside, Suite 700, Chicago, IL, 60606

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business Activities

Michael owns and operates multiple rental properties, including one in Auburn, AL, and is a partner in MACC Cap, LLC. He also serves on the Advisory Board for the Exit Planning Institute Chicago Chapter, dedicating a few hours per week to this role.

Employment History
Current Registrations
Raymond James & Associates, INC.
June 2024 - Present · 1 yr 11 mos
Raymond James & Associates, INC.Broker
June 2024 - Present · 1 yr 11 mos
Previous Registrations
UBS Financial Services INC.
May 2022 - June 2024 · 2 yrs 1 mo
UBS Financial Services INC.Broker
May 2022 - June 2024 · 2 yrs 1 mo
Merrill Lynch, Pierce, Fenner & Smith Incorporated
August 2020 - May 2022 · 1 yr 9 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
June 2020 - May 2022 · 1 yr 11 mos
J.P. Morgan Securities LLCBroker
February 2019 - June 2020 · 1 yr 4 mos
Guggenheim Securities, LLCBroker
June 2015 - February 2019 · 3 yrs 8 mos
Barclays Capital INC.Broker
September 2010 - April 2015 · 4 yrs 7 mos
Deutsche Bank Securities INC.Broker
July 2006 - September 2010 · 4 yrs 2 mos
Citigroup Global Markets INC.Broker
March 2001 - July 2006 · 5 yrs 4 mos
Robert W. Baird & CO. IncorporatedBroker
July 1999 - September 2000 · 1 yr 2 mos
State Registrations16 states
AZCACOCTDEFLGAIAILNCNJNYPATXUTWA
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.
Michael Schodrof - Financial Advisor | TrueAdvisor