TrueAdvisor
TrueAdvisor
MM
MM

Michael Macdonald

Financial Transparency
43 Years of Experience
Danville, CA
1 DisclosureSells Insurance
View SEC Summary
View SEC Summary

Michael Macdonald is a registered investment advisor at Financial Transparency, based in Danville, CA, with 43 years of industry experience. Michael operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, High Net Worth, Insurance Planning, Investment Management, and 3 more. Their firm serves 235 clients with $320M in assets under management.

Financial Transparency
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
16 advisors
Number of Clients
235 clients
Average Client Portfolio
$1.4M average
Assets Under Management
$322.3M

Fee Structure

Minimum Investment:None
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.15%

Maximum annual fee percentages vary by program: Let's Get Started is up to 1.00%, Managed Investment Portfolios is up to 1.75%, and Customized Managed Accounts is up to 2.15%. Actual fees are negotiated with your advisor.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

Danville, CA

Get directions

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
March 2002
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Michael is a trustee for a self-directed employee/company profit sharing plan since 1984, dedicating a few hours per week. He is also an insurance agent/rep with Anixter and Oser since 2019, spending a few hours per week on this. Additionally, Michael is a personal representative/trustee for an estate, handling various financial and legal tasks, which also takes a few hours per week.

Employment History
Current Registrations
Financial Transparency
February 2024 - Present · 2 yrs 8 mos
Previous Registrations
Michael Macdonald Financial Management, INC,
March 2017 - March 2024 · 7 yrs
United Planners' Financial Services of America a Limited PartnerBroker
April 2012 - March 2017 · 4 yrs 11 mos
United Planners' Financial Services of America a Limited Partner
April 2012 - March 2017 · 4 yrs 11 mos
Lincoln Financial Securities Corporation
January 2000 - April 2012 · 12 yrs 3 mos
Independent Advisers Group CORP
February 1998 - October 2004 · 6 yrs 8 mos
Lincoln Financial Securities CorporationBroker
January 1998 - April 2012 · 14 yrs 3 mos
American Investors CompanyBroker
January 1991 - January 1998 · 7 yrs
Pnmr Securities, INC.Broker
March 1988 - December 1990 · 2 yrs 9 mos
Safeco Securities, INC.Broker
April 1987 - January 1988 · 9 mos
Phoenix Equity Planning CorporationBroker
September 1981 - November 1985 · 4 yrs 2 mos
State Registrations1 state
CA
Advisor

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.
More Advisors
More financial advisors in Danville, CA →All financial advisors in California →