Michael Vichunas is a registered investment advisor at LPL Financial LLC, based in Troy, MI, with 18 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
2050 Livernois Rd Ste B, Troy, MI, 48083-1757
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Michael operates Formula Financial Investments as a DBA for his LPL business, dedicating about a quarter of his time. He also maintains a website domain for Formula Financial Investments, spending minimal time on it.
Employment History
Current Registrations
LPL Financial LLCBroker
LPL Financial LLC
Previous Registrations
Infinex Investments, INC.Broker
Infinex Investments, INC.
Essex National Securities, LLC
Essex National Securities, LLCBroker
Chase Investment Services CORP.Broker
Brecek & Young Advisors, INC.Broker
State Registrations5 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.