Charles O'connor
Charles O'connor is a registered investment advisor at O'connor Financial Group, LLC, based in Royal Oak, MI, with 19 years of industry experience. Their practice areas include Investment Management. Their firm serves 254 clients with $60M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
O'Connor Financial Group (OFG) charges an annual fee based on the value of your investments. This fee covers both investment advice and the cost of trades. The fee ranges from 1.00% to 3.00% depending on the investment strategy used.
Here's a breakdown of the fees for different strategies:
- Covered Call Options Strategy: 3.00% per year
- Covered Put Options Strategy: 3.00% per year
- Individual Equity Strategy: 2.00% per year
- Equity Mutual Fund Strategy: 1.25% per year
- Fixed Income Strategy: 1.25% per year
- Individual Bond Strategy:
- Up to $249,999: 2.00% per year
- $250,000 - $499,999: 1.75% per year
- $500,000 - $749,999: 1.50% per year
- $750,000 - $999,999: 1.25% per year
- $1,000,000 and above: 1.00% per year
- Alternative Investment Strategy:
- Up to $249,999: 2.00% per year
- $250,000 - $499,999: 1.75% per year
- $500,000 - $749,999: 1.50% per year
- $750,000 - $999,999: 1.25% per year
- $1,000,000 and above: 1.00% per year
OFG may negotiate a lower fee based on factors like the amount you invest.
Location
Royal Oak, MI
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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
Charles is a registered investment advisor doing business as O'Connor Financial Group, LLC, focusing on asset management and financial planning, dedicating about a quarter of his time. He is also licensed to sell life insurance and annuities, spending minimal time on this activity, and is a notary.
Employment History
Current Registrations
O'connor Financial Group, LLC
LPL Financial LLCBroker
Previous Registrations
LPL Financial LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations3 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.