Michael Spohn
Michael Spohn is a registered investment advisor at Hilltop Securities INC., based in San Francisco, CA, with 22 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments. Their firm serves 2,241 clients with $2.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
The Horizon Program fee is a negotiated annual flat fee, not to exceed 1.75%, billed quarterly in advance. This fee covers investment advice and reporting. The fee is debited from a separate account the client has with Hilltop Securities, not directly from the Horizon account. The value of alternative investments is based on information provided by the product sponsors and administrators, which may be delayed and not current. This fee is in addition to the investment management fees and other expenses charged by the Alternative Investment Funds and Structured Products.
Location
50 California Street, Suite 650, San Francisco, CA, 94111
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Regulatory History (2)
Customer Dispute
June 2025Customer Dispute
March 2016Other Business Activities
Michael's wife is a sole proprietor, and he assists her with accounting, bookkeeping, advising, cleaning, delivering, shopping, catering, cooking, and baking. He dedicates about full-time hours per week to this activity during non-business hours.
Employment History
Current Registrations
Hilltop Securities INC.
Hilltop Securities INC.Broker
Previous Registrations
M. L. Stern & CO, LLC.
M.L. Stern & CO., LLC.Broker
State Registrations20 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.