Michael Pharr is a CFP-designated registered investment advisor at Summit Financial Wealth Advisors, based in Lafayette, LA, with 29 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, Retirement Planning. Their firm serves 1,115 clients with $1.4B 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 $250K | 1.25% |
| $250K - $1.0M | 1.00% |
| $1M+ | 0.95% |
Certain existing or legacy clients may be charged under a different fee schedule and/or different billing cycles. Fixed income investments have a different fee schedule: First $250,000: 0.65%, Over $250,000: 0.50%
Fee Estimator
Location
1021 E. St. Mary Blvd., Lafayette, LA, 70503
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Michael is a partner at Southern Asset Management since 2015, spending a few hours per week on this activity. He also owns 33.3% of DTM MGT LLC, where he establishes client relationships and assists in portfolio management, dedicating full-time hours. Additionally, Michael is a partner in DTM Investment Properties, LLC, a real estate venture, spending a few hours per week.
Employment History
Current Registrations
Summit Financial Wealth Advisors
Previous Registrations
Cetera Advisor Networks LLCBroker
Summit Brokerage Services, INC.Broker
Wells Fargo Advisors Financial Network, LLC
Summit Financial Wealth Advisors
Wells Fargo Advisors Financial Network, LLCBroker
Wells Fargo Advisors Financial Network, LLC
Legg Mason Wood Walker, IncorporatedBroker
UBS Painewebber INC.Broker
J.C. Bradford & CO.Broker
Fsc Securities CorporationBroker
State Registrations2 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.