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Michael Smith

10 Years of Experience
Burleson, TX
1 DisclosureBrokerSells Insurance

Michael Smith is a registered investment advisor at LPL Financial LLC, based in Burleson, TX, with 10 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
27420 advisors
Number of Clients
1,676,192 clients
Average Client Portfolio
$369K average
Assets Under Management
$618.9B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)

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.

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Location

388 SW Johnson Avenue, Burleson, TX, 76028

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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.
Customer Dispute
December 2025
Denied
Other Business ActivitiesSells Insurance

Michael is a sole proprietor financial advisor with Clear Financial Network since 2022, spending minimal time on this. As part of financial planning, he occasionally provides life insurance services.

Employment History
Current Registrations
LPL Financial LLC
June 2025 - Present · 11 mos
LPL Financial LLC
June 2025 - Present · 11 mos
LPL Financial LLCBroker
June 2025 - Present · 11 mos
Previous Registrations
Osaic Wealth, INC.
January 2024 - June 2025 · 1 yr 5 mos
Osaic Wealth, INC.Broker
January 2024 - June 2025 · 1 yr 5 mos
Woodbury Financial Services, INC.
March 2019 - January 2024 · 4 yrs 10 mos
Woodbury Financial Services, INC.Broker
March 2019 - January 2024 · 4 yrs 10 mos
Questar Asset Management, INC.
January 2019 - March 2019 · 2 mos
Questar Capital CorporationBroker
January 2019 - March 2019 · 2 mos
Edward Jones
May 2015 - January 2019 · 3 yrs 8 mos
Edward JonesBroker
April 2015 - January 2019 · 3 yrs 9 mos
State Registrations11 states
AZCAFLGALAMONCOHOKTXWV
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.