Michael O'malley
Michael O'malley is a ChFC-designated registered investment advisor at State Farm Investment Management CORP., based in Lindstrom, MN, with 24 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 3,575 clients with $13B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 1.25% |
| $100K - $500K | 1.00% |
| $500K - $1000K | 0.75% |
| $1M+ | 0.50% |
Accounts advised for a full quarter that have an average daily market value below $15,000 are charged a minimum quarterly Advisory Fee of $45 (except as set forth below under “Fee Reductions”). For Accounts that qualify for a reduced Advisory Fee to the lowest Advisory Fee shown on the chart, such Accounts advised for a full quarter that have an average daily market value below $15,000 are charged a minimum quarterly Advisory Fee of $18.75.
Fee Estimator
Location
12805 Lake Blvd, Lindstrom, MN, 55045
Get directionsHistory
Regulatory History (1)
Criminal
November 1999Other Business ActivitiesSells Insurance
Michael owns Michael O'Malley LLC, an investment or commercial property, dedicating minimal time. He also owns Michael O'Malley's Insurance Agency, selling State Farm insurance products and supervising employees, which takes about half of his time. Additionally, Michael is a partner in MVMC, LLC, an investment or commercial property, spending minimal time on it.
Employment History
Current Registrations
State Farm Investment Management CORP.
State Farm Vp Management CORP.Broker
State Registrations2 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.