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MC
CFP · ChFC
MC
CFP · ChFC

Michael Cason

LPL Financial LLC
50 Years of Experience
Lake Bluff, IL
1 DisclosureBroker
View SEC Summary
View SEC Summary

Michael Cason is a CFP, ChFC-designated registered investment advisor at LPL Financial LLC, based in Lake Bluff, IL, with 50 years of industry experience. Michael is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

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

Location

75 E Scranton Ave Fl 2, Lake Bluff, IL, 60044-2529

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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
November 2004
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Michael operates under several DBAs for his LPL business and RIA, including Prairie Sky Financial Group. He also owns MJC Management LLC for tax/investment purposes and real estate rental, dedicating minimal time to these activities.

Employment History
Current Registrations
LPL Financial LLC
October 2025 - Present · 1 yr
LPL Financial LLC
October 2004 - Present · 22 yrs
LPL Financial LLCBroker
October 2004 - Present · 22 yrs
Previous Registrations
Prairie Sky Financial Group
July 2014 - November 2025 · 11 yrs 4 mos
LPL Financial LLC
October 2004 - October 2015 · 11 yrs
CUNA Brokerage Services, INC.
September 2001 - October 2004 · 3 yrs 1 mo
CUNA Brokerage Services, INC.Broker
August 2001 - October 2004 · 3 yrs 2 mos
Metlife Securities INC.Broker
January 2000 - August 2001 · 1 yr 7 mos
Metropolitan Life Insurance CompanyBroker
January 2000 - August 2001 · 1 yr 7 mos
Pruco Securities CorporationBroker
July 1997 - October 1999 · 2 yrs 3 mos
Eq Financial Consultants, INC.Broker
February 1996 - June 1997 · 1 yr 4 mos
The Equitable Life Assurance Society of the United StatesBroker
February 1996 - June 1997 · 1 yr 4 mos
Mony Securities CORP.Broker
August 1988 - February 1996 · 7 yrs 6 mos
The Mutual Life Insurance Company of New YorkBroker
August 1988 - October 1990 · 2 yrs 2 mos
Equico Securities, INC.Broker
October 1980 - September 1988 · 7 yrs 11 mos
The Equitable Life Assurance Society of the United StatesBroker
August 1975 - September 1988 · 13 yrs 1 mo
State Registrations18 states
AZCACOFLILINMINCNENMNVNYORSCTNVAWAWI
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.
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Michael Cason - Financial Advisor | TrueAdvisor