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CFP
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CFP

William Colvett

LPL Financial LLC
23 Years of Experience
Lake Orion, MI
1 DisclosureBrokerSells Insurance
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William Colvett is a CFP-designated registered investment advisor at LPL Financial LLC, based in Lake Orion, MI, with 23 years of industry experience. William 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
28129 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

Lake Orion, MI

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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
October 2009
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

William operates Indianwood Financial as a DBA for his LPL business, dedicating full-time hours to it. He also works with Orion Tax Group providing tax preparation and accounting services for about 10-20% of his time, and sells non-variable insurance through Indianwood Financial for minimal time.

Employment History
Current Registrations
LPL Financial LLCBroker
May 2025 - Present · 1 yr 5 mos
LPL Financial LLC
May 2025 - Present · 1 yr 5 mos
Previous Registrations
Grove Point Advisors, LLC
April 2021 - May 2025 · 4 yrs 1 mo
H. Beck, INC.
July 2015 - April 2021 · 5 yrs 9 mos
Grove Point Investments, LLCBroker
July 2015 - May 2025 · 9 yrs 10 mos
Fintegra, LLC
March 2013 - July 2015 · 2 yrs 4 mos
Fintegra Financial Solutions
December 2011 - December 2012 · 1 yr
Fintegra, LLCBroker
December 2009 - July 2015 · 5 yrs 7 mos
Brokers International Financial Services, LLC.Broker
August 2009 - December 2009 · 4 mos
Money Concepts Capital CORPBroker
September 2005 - April 2009 · 3 yrs 7 mos
Usallianz Securities, INC.Broker
March 2003 - December 2004 · 1 yr 9 mos
Mtl Equity Products, INC.Broker
June 2002 - December 2002 · 6 mos
Metropolitan Life Insurance CompanyBroker
January 2001 - June 2001 · 5 mos
Metlife Securities INC.Broker
January 2001 - June 2001 · 5 mos
State Registrations4 states
FLMIOHWY
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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