MT
MT
Mikel Trapp is a registered investment advisor at Sofi Wealth LLC, based in Jacksonville, FL, with 6 years of industry experience. Mikel operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Financial Planning & Coaching, Retirement Planning. Their firm serves 265,019 clients with $1.5B in assets under management.
Compensation
Fee-Only (% of Portfolio)
Firm Size
112 advisors
Number of Clients
265,019 clients
Average Client Portfolio
$6K average
Assets Under Management
$1.5B
Fee Structure
Minimum Investment:None
Planning is included in investment management
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.25% |
The wrap fee is not charged on the cash allocation, which is generally 1% of the portfolio.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
Loading...
Location
5335 Gate Pkwy, 5th Floor, Jacksonville, FL, 32256
Get directionsHistory
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.
Judgment / Lien
March 2025Employment History
Current Registrations
Sofi Wealth LLC
October 2024 - Present · 1 yr 7 mos
Sofi Securities LLCBroker
October 2024 - Present · 1 yr 7 mos
Previous Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
September 2021 - August 2024 · 2 yrs 11 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
September 2021 - August 2024 · 2 yrs 11 mos
Fidelity Personal and Workplace Advisors
August 2019 - July 2020 · 11 mos
Fidelity Brokerage Services LLCBroker
July 2019 - July 2020 · 1 yr
Merrill Lynch, Pierce, Fenner & Smith Incorporated
April 2018 - June 2019 · 1 yr 2 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
January 2018 - June 2019 · 1 yr 5 mos
State Registrations1 state
FL
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.