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Michael Anicito

LPL Financial LLC
25 Years of Experience
New Providence, NJ
1 DisclosureBrokerSells Insurance
View SEC Summary
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Michael Anicito is a registered investment advisor at LPL Financial LLC, based in New Providence, NJ, 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
—
View Full SEC Brochure

Location

70 Floral Ave, New Providence, NJ, 07974

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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.
Employment Separation After Allegations
January 2011
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael works as an assistant for Falbo Wealth Management and as a financial advisor for Inspire Investment Solutions LLC, dedicating about half of his time and nearly full-time, respectively. He also does tax preparation for Barbera & Barbera CPAs, spending minimal time, and has a non-variable insurance activity and Lotus Financial Group DBA, each taking minimal time.

Employment History
Current Registrations
LPL Financial LLC
November 2017 - Present · 8 yrs 11 mos
LPL Financial LLCBroker
November 2017 - Present · 8 yrs 11 mos
Previous Registrations
National Planning Corporation ("npc of America" in Fl & Ny)
October 2013 - December 2017 · 4 yrs 2 mos
National Planning CorporationBroker
August 2012 - November 2017 · 5 yrs 3 mos
Genworth Financial Securities CorporationBroker
April 2011 - August 2012 · 1 yr 4 mos
Mbsc Securities CorporationBroker
October 2006 - February 2011 · 4 yrs 4 mos
Fam Distributors, INC.Broker
March 2006 - August 2006 · 5 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
December 2000 - March 2006 · 5 yrs 3 mos
State Registrations10 states
CACTFLILNCNJNYOHPAWA
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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