Michael Barclift
Michael Barclift is a ChFC-designated registered investment advisor at LPL Financial LLC, based in Chesapeake, VA, with 21 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
1317 Executive Blvd Ste 110, Chesapeake, VA, 23320
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Michael is a non-profit board member for Hampton Roads Community Foundation since 2019. He also operates under the DBAs COVA Wealth Group and Coastal Virginia Wealth Group for his LPL business. Michael is also an insurance agent selling non-variable insurance, and has W-2 employment in Pasquotank County, NC, dedicating about 10-20% of his time to it.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Waddell & ReedBroker
Waddell & Reed
Charles Schwab & CO., INC.
Charles Schwab & CO., INC.Broker
Waddell & Reed, INC.Broker
Waddell & Reed
Micg Investment Management, LLCBroker
Micg Investment Management
First Command Financial Planning, INC.
First Command Bank
First Command Financial Planning, INC.Broker
State Registrations4 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.