Michael Richter
Michael Richter is a registered investment advisor at LPL Financial LLC, based in Reno, NV, with 23 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
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.
Location
140 W Huffaker Lane, Ste 510, Reno, NV, 89511
Get directionsHistory
Regulatory History (2)
Customer Dispute
September 2008Customer Dispute
August 2008Other Business ActivitiesSells Insurance
Michael has several outside business activities, including Richter Financial Services (non-variable insurance), Veritas Wealth Advisors (Registered Investment Advisor), and AFA Properties LLC (real estate rental). He also works as an AFEA instructor and has entities for tax/investment purposes; his time commitment varies from minimal to about half his time.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Veritas Wealth Advisors
Previous Registrations
Qa3 Financial LLC
Qa3 Financial CORP.Broker
Securities America, INC.Broker
Legacy Financial Services, INC.Broker
State Registrations18 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.