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Michael Costa

Ameriprise Financial Services, LLC
23 Years of Experience
Danvers, MA
1 DisclosureBroker
View SEC Summary
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Michael Costa is a registered investment advisor at Ameriprise Financial Services, LLC, based in Danvers, MA, with 23 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 6 more. Their firm serves 1,386,329 clients with $660B in assets under management.

Ameriprise Financial Services, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12908 advisors
Number of Clients
1,386,329 clients
Average Client Portfolio
$476K average
Assets Under Management
$660.5B

Fee Structure

Minimum Investment:$2K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

The maximum total annual advisory fee is 2.0% of managed account assets. Fees are negotiable with your financial advisor and vary based on the specific program and services selected.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

55 Ferncroft Rd Ste 201, Danvers, MA, 01923-4001

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History

Regulatory History (1)
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Criminal
March 2001
Final Disposition
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael owns rental real estate and a tax preparation business. He also serves as treasurer for Costa, is involved in fiduciary activities, and is a pro bono certified financial advisor for Family Reach, dedicating a few hours per week to each activity.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
June 2020 - Present · 6 yrs 4 mos
Ameriprise Financial Services, LLC
October 2002 - Present · 24 yrs
Ameriprise Financial Services, LLCBroker
October 2002 - Present · 24 yrs
Previous Registrations
Ids Life Insurance CompanyBroker
October 2002 - July 2006 · 3 yrs 9 mos
State Registrations30 states
ARAZCACOCTDCDEFLGAHIILINKSMAMDMEMINCNHNJNYOHORPARISCTNTXVAVT
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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