Michael Parrott
Michael Parrott is a CFP-designated registered investment advisor at Osaic Advisory Services, LLC, based in Albuquerque, NM, with 10 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Investment Management, and 1 more. Their firm serves 28,410 clients with $12B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Advisors offers investment management through several programs:
- Ally Account: Fees are negotiable, with a maximum annual fee of 2.50%. Transaction charges apply.
- Counsel Account: Fees are negotiable, with a maximum annual fee of 2.50%. This is a wrap account, so the fee covers both advice and transactions.
- Partner Program: Access to third-party managers with varying fees. Osaic either receives a portion of the fee or charges a separate consulting fee.
- Plan Participant Retirement Program: Maximum 3% annual fee, either fixed or tiered, based on assets in your retirement plan account.
Location
8300 Carmel Ave NE, Suite 103, Albuquerque, NM, 87122
Get directionsHistory
Regulatory History (1)
Criminal
December 2009Other Business Activities
Michael is a director for Folds of Honor, assisting with fundraising and promotion, dedicating minimal time. He also works full-time as a financial advisor and financial planner for Peak Wealth Management and Waterway Wealth Management, respectively, and spends minimal time managing rental properties. Finally, Michael is a consultant/partner at Peak Wealth Management, spending about 10-20% of his time helping business owners prepare for a sale and exit from their company.
Employment History
Current Registrations
Osaic Advisory Services, LLC
Previous Registrations
Waterway Wealth Management, L.L.C.
Fidelity Personal and Workplace Advisors
Fidelity Brokerage Services LLCBroker
Thornburg Investment Management INC
Thornburg Securities CorporationBroker
Strategic Advisers LLC
Fidelity Brokerage Services LLCBroker
State Registrations2 states
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.