Michael Szotak
Michael Szotak is a registered investment advisor at LPL Financial LLC, based in Red Bank, NJ, with 23 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
130 Maple Ave, Ste. 1-B, Red Bank, NJ, 07701
Get directionsHistory
Regulatory History (1)
Judgment / Lien
January 2018Other Business ActivitiesSells Insurance
Michael operates Wellesley Financial Planners as a DBA for his LPL business, dedicating full-time hours to it. He also sells non-variable insurance products, spending about 10-20% of his time on this activity, and provides tax preparation/accounting services. Additionally, Michael is involved in real estate rental, dedicating minimal time to it.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Cadaret Grant & CO INC
Cadaret, Grant & CO., INC.Broker
New England SecuritiesBroker
AXA Advisors, LLC
AXA Advisors, LLCBroker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
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.