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Michael Grisaffi

Wells Fargo Advisors
23 Years of Experience
Houston, TX
4 DisclosuresBroker
View SEC Summary
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Michael Grisaffi is a registered investment advisor at Wells Fargo Advisors, based in Houston, TX, with 23 years of industry experience. Their practice areas include Business Owners, Divorce Planning, Education Planning, Financial Planning & Coaching, and 2 more. Their firm serves 1,327,695 clients with $610B in assets under management.

Wells Fargo Advisors
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
14703 advisors
IM Fee
Planning only
Assets Under Management
$606.0B

Fee Structure

Minimum Investment:$250K
  • Cash Flow Analysis — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Education Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Retirement Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Risk Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Wealth Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Divorce Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
  • Special Needs Analysis — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
  • Sports & Entertainment — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
  • Business Owner Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.

The total fee per engagement can range up to $5,000 for clients with a net worth of $250,000 to $500,000, up to $12,500 for clients with a net worth over $500,000 to $1,000,000, and up to $25,000 for clients with a net worth over $1,000,000. Fees are subject to negotiation and may vary.

One-Time Plan:Up to $25,000
View Full SEC Brochure

Location

1000 Louisiana St 7th Fl, [Tn/Td-Rbo], Houston, TX, 77002

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History

Regulatory History (4)
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.
Judgment / Lien
October 2019
Financial
January 2018
Pending
Customer Dispute
June 2011
Settled
Employment Separation After Allegations
January 2003
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
Wells Fargo Clearing Services, LLCBroker
March 2017 - Present · 9 yrs 2 mos
Wells Fargo Advisors
March 2017 - Present · 9 yrs 2 mos
Previous Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
April 2015 - April 2017 · 2 yrs
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April 2010 - October 2010 · 6 mos
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March 2010 - March 2010 · 0 mos
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Raymond James & Associates, INC.
March 2005 - August 2005 · 5 mos
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March 2005 - August 2005 · 5 mos
A. G. Edwards & Sons, INC.Broker
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A. G. Edwards & Sons, INC.
July 2003 - September 2004 · 1 yr 2 mos
Lincoln Financial Advisors CorporationBroker
February 2003 - May 2003 · 3 mos
The Lincoln National Life Insurance CompanyBroker
February 2003 - May 2003 · 3 mos
Lincoln Financial Advisors Corporation
February 2003 - May 2003 · 3 mos
Morgan Stanley
May 2001 - January 2003 · 1 yr 8 mos
Morgan Stanley Dw INC.Broker
May 2001 - January 2003 · 1 yr 8 mos
State Registrations7 states
CACOFLNYTXWAWY
AdvisorBrokerBoth

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Exams
No exam information available for this advisor.
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