SL
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Solomon Lamacchio

10 Years of Experience
Bloomfield Hills, MI
Broker

Solomon Lamacchio is a registered investment advisor at LPL Financial LLC, based in Bloomfield Hills, MI, 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

42714 Woodward Ave, Bloomfield Hills, MI, 48304

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History

Regulatory History
Clean regulatory record

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

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business Activities

Solomon is an investment advisor representative (IAR) for Wealthcare Advisory Partners since January 2020, spending full-time hours on this. He also operates under Financial Wellness Solutions LLC and LaMacchio Financial Group LLC, dedicating about a quarter of his time to the latter.

Employment History
Current Registrations
LPL Financial LLC
January 2024 - Present · 2 yrs 6 mos
Wealthcare Advisory Partners LLC
January 2020 - Present · 6 yrs 6 mos
LPL Financial LLCBroker
January 2020 - Present · 6 yrs 6 mos
Previous Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
September 2015 - January 2020 · 4 yrs 4 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
July 2015 - January 2020 · 4 yrs 6 mos
State Registrations5 states
FLINMITXVA
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.
Solomon Lamacchio - Financial Advisor | TrueAdvisor