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CFP

Michael Lynam

Principal Securities, INC.
14 Years of Experience
Birmingham, AL
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Michael Lynam is a CFP-designated registered investment advisor at Principal Securities, INC., based in Birmingham, AL, 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 51,941 clients with $17B in assets under management.

Principal Securities, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1709 advisors
Number of Clients
51,941 clients
Average Client Portfolio
$328K average
Assets Under Management
$17.0B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $150K1.75%
$150K - $250K1.75%
$250K - $500K1.75%
$500K - $1000K1.20%
$1M+1.10%

Fees are negotiable and collected quarterly in arrears. Schedule reflects the SEI Managed Account Solutions program maximum fees. Other programs utilize promoter fees ranging from 0.07% to 1.50% or asset-based fees up to 1.95%.

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

Location

3500 Blue Lake Dr, Ste 280, Birmingham, AL, 35243

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History

Regulatory History (1)
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Criminal
July 2001
Final Disposition
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael sells health insurance, group short-term disability, group long-term disability, group life insurance, supplemental life insurance, fixed insurance, fixed life, fixed annuities, disability insurance, long-term care insurance, and Medicare supplemental insurance. He also owns L&R Wealth Management, LLC and MKL 1 LLC, dedicating about a quarter of his time to L&R Wealth Management, LLC.

Employment History
Current Registrations
Principal Securities, INC.
November 2012 - Present · 13 yrs 11 mos
Principal Securities, INC.Broker
July 2012 - Present · 14 yrs 3 mos
State Registrations13 states
ALARAZCAFLGAILLAMSNCNJTXVA
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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