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Michael Richter

LPL Financial LLC
23 Years of Experience
Reno, NV
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Richter is a registered investment advisor at LPL Financial LLC, based in Reno, NV, 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 Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

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

Location

140 W Huffaker Lane, Ste 510, Reno, NV, 89511

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History

Regulatory History (2)
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
September 2008
Closed-No Action
Customer Dispute
August 2008
Settled
View Full SEC ReportHow to Read Disclosures
Other 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
January 2024 - Present · 2 yrs 9 mos
LPL Financial LLCBroker
February 2011 - Present · 15 yrs 8 mos
Veritas Wealth Advisors
May 2009 - Present · 17 yrs 5 mos
Previous Registrations
Qa3 Financial LLC
May 2004 - February 2011 · 6 yrs 9 mos
Qa3 Financial CORP.Broker
December 2003 - February 2011 · 7 yrs 2 mos
Securities America, INC.Broker
May 2003 - December 2003 · 7 mos
Legacy Financial Services, INC.Broker
January 2003 - May 2003 · 4 mos
State Registrations18 states
AZCACODCFLGAMDMIMONCNVORPASCTXUTVAWA
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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