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Michael Townsend

16 Years of Experience
Minnetonka, MN
BrokerSells Insurance

Michael Townsend is a registered investment advisor at Cetera Investment Advisers LLC, based in Minnetonka, MN, with 16 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their firm serves 584,487 clients with $160B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
10345 advisors
IM Fee
Planning only
Assets Under Management
$163.8B
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Location

110 Cheshire Lane, Suite 200, Minnetonka, MN, 55305

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

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Other Business ActivitiesSells Insurance

Michael is an insurance agent selling life insurance, annuities, and long-term care products since 2018. He is also the VP of Business Development for AdvisorNet Financial, spending about a quarter of his time recruiting representatives and advisors.

Employment History
Current Registrations
Cetera Investment Advisers LLC
June 2023 - Present · 2 yrs 11 mos
Cetera Wealth Services, LLC
March 2018 - Present · 8 yrs 2 mos
Cetera Wealth Services, LLCBroker
March 2018 - Present · 8 yrs 2 mos
Previous Registrations
Cetera Advisor Networks LLC
March 2018 - June 2023 · 5 yrs 3 mos
Questar Asset Management, INC.
November 2016 - February 2018 · 1 yr 3 mos
Questar Capital CorporationBroker
October 2016 - February 2018 · 1 yr 4 mos
Allianz Life Financial Services, LLCBroker
May 2011 - October 2016 · 5 yrs 5 mos
Wells Fargo Advisors, LLC
April 2008 - July 2009 · 1 yr 3 mos
Wells Fargo Advisors, LLCBroker
March 2008 - July 2009 · 1 yr 4 mos
State Registrations1 state
MN
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.