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Michael Brown

8 Years of Experience
Houston, TX
Broker

Michael Brown is a registered investment advisor at Ameriprise Financial Services, LLC, based in Houston, TX, with 8 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12781 advisors
Number of Clients
1,330,280 clients
Average Client Portfolio
$424K average
Assets Under Management
$564.6B

Fee Structure

Minimum Investment:$2K

Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.

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Location

2 Riverway Ste 1400, Houston, TX, 77056

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History

Regulatory History
Clean regulatory record

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

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Other Business Activities

Michael has dual employment with Comerica since June 2024. This takes a few hours per week during trading hours.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
June 2024 - Present · 1 yr 11 mos
Ameriprise Financial Services, LLCBroker
June 2024 - Present · 1 yr 11 mos
Previous Registrations
Cetera Investment Advisers LLC
April 2018 - June 2024 · 6 yrs 2 mos
Cetera Investment Services LLCBroker
April 2018 - June 2024 · 6 yrs 2 mos
Edward Jones
August 2017 - January 2018 · 5 mos
Edward JonesBroker
June 2017 - January 2018 · 7 mos
State Registrations6 states
ARMIMSTXUTWA
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.