Michael Maclean
Michael Maclean is a CFP-designated registered investment advisor at LPL Financial LLC, based in Worcester, MA, 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
1 Mercantile St., Ste 530, Worcester, MA, 01608
Get directionsHistory
Regulatory History (4)
Regulatory
April 2024Regulatory
November 2023Regulatory
April 2021Employment Separation After Allegations
January 2021Other Business Activities
Michael operates Mercantile Private Wealth Management as a DBA for his LPL business, dedicating minimal time. He also serves as a board member for Paxton Little League, a non-profit organization, spending minimal time.
Employment History
Current Registrations
LPL Financial LLCBroker
LPL Financial LLC
Previous Registrations
Grove Point Advisors, LLC
Grove Point Investments, LLCBroker
Voya Financial Advisors, INC.Broker
Morgan Stanley
Morgan Stanley
Morgan StanleyBroker
Citigroup Global Markets INC.Broker
State Registrations15 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.