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Michael Walschot

LPL Financial LLC
14 Years of Experience
Naperville, IL
1 DisclosureBrokerSells Insurance
View SEC Summary
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Michael Walschot is a registered investment advisor at LPL Financial LLC, based in Naperville, IL, with 14 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28129 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

608 S Washington St, Ste 304, Naperville, IL, 60540

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History

Regulatory History (1)
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.
Financial
April 2018
Final
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael operates under American Capital Management as a DBA for his LPL business since 2013. He also provides investment advisory services through Total Clarity Wealth Management, dedicating nearly full-time hours to this activity, and runs American Capital Tax Preparation and Accounting, spending about 10-20% of his time.

Employment History
Current Registrations
LPL Financial LLC
April 2022 - Present · 4 yrs 6 mos
LPL Financial LLCBroker
October 2018 - Present · 8 yrs
Total Clarity Wealth Management, INC
January 2012 - Present · 14 yrs 9 mos
Previous Registrations
Cetera Advisor Networks LLCBroker
October 2011 - October 2018 · 7 yrs
State Registrations19 states
AZCACODCFLGAIAILINLAMDMIMNNMNYTNTXVAWI
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.
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