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Michael Trnka

24 Years of Experience
Waite Park, MN
1 DisclosureBroker

Michael Trnka is a registered investment advisor at LPL Financial LLC, based in Waite Park, MN, with 24 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
27420 advisors
Number of Clients
1,676,192 clients
Average Client Portfolio
$369K average
Assets Under Management
$618.9B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)

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.

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Location

110 2nd St. S, Suite 304, Waite Park, MN, 56387

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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
May 2014
Denied
Other Business Activities

Michael is involved with Trnka Financial LLC, a business entity for tax and investment purposes. This activity takes nearly full-time hours each month, with a significant portion during trading hours.

Employment History
Current Registrations
LPL Financial LLC
October 2023 - Present · 2 yrs 11 mos
LPL Financial LLCBroker
October 2023 - Present · 2 yrs 11 mos
Previous Registrations
LPL Financial LLC
October 2023 - October 2023 · 0 mos
Focus Financial
December 2014 - October 2023 · 8 yrs 10 mos
Osaic Wealth, INC.Broker
November 2014 - October 2023 · 8 yrs 11 mos
LPL Financial LLC
August 2009 - December 2014 · 5 yrs 4 mos
LPL Financial LLCBroker
August 2009 - December 2014 · 5 yrs 4 mos
Raymond James Financial Services, INC.Broker
August 2009 - August 2009 · 0 mos
Invest Financial Corporation
February 2003 - August 2009 · 6 yrs 6 mos
Invest Financial CorporationBroker
January 2003 - August 2009 · 6 yrs 7 mos
Invest Financial Corporation
August 2001 - December 2002 · 1 yr 4 mos
Invest Financial CorporationBroker
July 2001 - December 2002 · 1 yr 5 mos
State Registrations6 states
AZFLKSMNNDVA
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.