Erik Thompson
Erik Thompson is a registered investment advisor at Mid Michigan Insurance and Financial Services LLC, based in Bay City, MI, with 8 years of industry experience. Erik operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 49 clients with $6.2M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
MMIFS offers managed portfolio selection services through third-party investment managers. An investment advisor representative will help you complete a client profile questionnaire and review the information you provide. The investment managers will then select the model portfolio(s) that aligns with your disclosed risk tolerance and investment objectives. The fees for these services are negotiable, up to a maximum of 1.75% annually, and are based on the type of client, complexity, account composition, potential for deposits, and assets under management. The fee includes allocations to MMIFS and the platform provider. A platform provider may impose a minimum fee of $100.00 per account.
Location
815 E Midland St Suite 2, Bay City, MI, 48706
Get directionsHistory
Regulatory History (2)
Customer Dispute
November 2019Customer Dispute
August 2018Other Business ActivitiesSells Insurance
Erik is a Branch Manager at Mid Michigan Insurance and Financial Services, where he performs insurance sales and manages insurance agents. His role also includes training new agents on how to sell insurance products.
Employment History
Current Registrations
Mid Michigan Insurance and Financial Services LLC
Previous Registrations
Bankers Life Securities, INC.Broker
State Registrations1 state
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.