MS
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Michael Shoemaker

15 Years of Experience
Chicago, IL
4 DisclosuresBrokerSells Insurance

Michael Shoemaker is a registered investment advisor at Bankers Life Advisory Services, INC., based in Chicago, IL, with 15 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 11,822 clients with $1.9B in assets under management.

Compensation
Fee-Only (% of Portfolio)
Firm Size
504 advisors
Number of Clients
11,822 clients
Average Client Portfolio
$164K average
Assets Under Management
$1.9B

Fee Structure

Investment management only (planning not offered)

Bankers Life Advisory Services (BLAS) charges an annual fee for managing your investment portfolio, ranging from 0.50% to 2.5% of the portfolio's value. This fee is negotiable. The fee is deducted from your account quarterly in advance.

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Location

303 E. Wacker Drive, Ste 500, Chicago, IL, 60601

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History

Regulatory History (4)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
September 2021
Denied
Customer Dispute
June 2019
Denied
Customer Dispute
August 2016
Settled
Customer Dispute
May 2014
Denied
Other Business ActivitiesSells Insurance

Michael works as a Unit Sales Manager and Insurance Agent for Bankers Life since 2005, dedicating about half of his time to these roles. He sells insurance, trains and recruits insurance agents, and sells equity indexed annuities.

Employment History
Current Registrations
Bankers Life Advisory Services, INC.
November 2016 - Present · 9 yrs 6 mos
Bankers Life Securities, INC.Broker
May 2016 - Present · 10 yrs
Previous Registrations
Investment Advisors
July 2012 - May 2016 · 3 yrs 10 mos
Proequities, INC.Broker
October 2010 - May 2016 · 5 yrs 7 mos
State Registrations19 states
ALARAZCACOFLGAINMIMOMSNHNYOKSDTNTXUTVA
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.
Michael Shoemaker - Financial Advisor | TrueAdvisor