Michael Scott
Michael Scott is a registered investment advisor at Allstate Financial Advisors, LLC, based in Gorham, ME, with 17 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 280 clients with $82M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Allstate Financial Advisors (AFA) uses Fidelity Institutional Wealth Adviser's (FIWA) FMAX wrap fee program. The fee covers investment advice and trading costs, based on a percentage of the assets managed, up to 1.5%. AFA receives part of this fee, creating a potential conflict of interest. Clients should compare the FMAX program's overall cost and service with other options, including brokerage accounts and other advisor programs.
Location
36 Main St, Gorham, ME, 04038-1322
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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 Activities
Michael owns rental property since 2022 and spends minimal time managing it, primarily communicating with the property manager. This activity is not investment-related.
Employment History
Current Registrations
Allstate Financial Advisors, LLC
Allstate Financial Services, LLCBroker
Previous Registrations
TD Private Client Wealth LLC
TD Private Client Wealth LLCBroker
TD Ameritrade Investment Management, LLC
TD Ameritrade, INC.
TD Ameritrade, INC.Broker
Edward Jones
Edward JonesBroker
LPL Financial LLCBroker
Sammons Financial Network, LLCBroker
Metlife Securities, INCBroker
New England SecuritiesBroker
Metlife Investors Distribution CompanyBroker
Metlife Investors Distribution CompanyBroker
Bancwest Investment Services, INC.Broker
New England SecuritiesBroker
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.