Steven Rainey
Steven Rainey is a registered investment advisor at Money Concepts Advisory Service, based in Burton, MI, with 32 years of industry experience. Steven is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Annuities, Education Planning, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 17,032 clients with $4.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.30% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.90% |
| $5.0M - $10.0M | 0.75% |
| $10M+ | 0.60% |
Fees vary by program. Standard Guided Portfolio Solutions program typically charges 2.5% annually. Pension and MAP programs use tiered schedules ranging from 1.30% down to 0.60% annually.
Fee Estimator
Location
G4454 S Saginaw Street, Burton, MI, 48529
Get directionsHistory
Regulatory History (1)
Customer Dispute
August 2009Other Business Activities
Steven is the owner and president of MCLR Financial Inc., providing accounting and income tax preparation services since 1986, dedicating nearly full-time hours. He is also a board member of the Michigan Society of Enrolled Agents since 2022, spending minimal time on this non-investment related activity.
Employment History
Current Registrations
Money Concepts Advisory Service
Money Concepts Capital CORPBroker
Previous Registrations
First International Investment CorporationBroker
North American Financial Group, INC.Broker
State Registrations11 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.