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Michael Mcnicholas

LPL Financial LLC
25 Years of Experience
Franklin, TN
1 DisclosureBroker
View SEC Summary
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Michael Mcnicholas is a registered investment advisor at LPL Financial LLC, based in Franklin, TN, with 25 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
—
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Location

Franklin, TN

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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
December 2024
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael operates a DBA called Financial Landscaping for his LPL business since 2021. He also has a film and photography business, Beau McNicholas, since 2014.

Employment History
Current Registrations
LPL Financial LLC
October 2021 - Present · 5 yrs
LPL Financial LLCBroker
October 2021 - Present · 5 yrs
Previous Registrations
Securities America Advisors, INC.
April 2013 - October 2021 · 8 yrs 6 mos
Securities America, INC.Broker
July 2007 - October 2021 · 14 yrs 3 mos
Brookstreet Securities CorporationBroker
March 2004 - July 2007 · 3 yrs 4 mos
First Securities USA, INC.Broker
May 2001 - June 2004 · 3 yrs 1 mo
State Registrations10 states
ALAZCACOFLILNCNJNMTN
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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