Michael L. Phillips

KESTRA ADVISORY SERVICES

Frisco, TX 75034

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CRD#: 1283402

Professional summary

Michael Lance Phillips is a registered financial advisor currently at KESTRA ADVISORY SERVICES, LLC located in Frisco, Texas and KESTRA INVESTMENT SERVICES, LLC located in Frisco, Texas.

Michael is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1984. Michael has worked at 10 firms and has passed the Series 65, Series 63, SIE, Series 7 and Series 8 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

None

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

Busi Name: OPTIMA WEALTH MANAGEMENT, LLC POSITION: President / Owner NATURE: Registered rep activities through Kestra Investment Services INVESTMENT RELATED: Yes NUMBER OF HOURS: 40 SECURITIES TRADING HOURS: 160 START DATE: 02/02/2024 ADDRESS: 2801 Network Blvd, Suite 300, Frisco TX 75024, United States DESCRIPTION: Provide investment advice to retail clients. Monitor, keep, and secure client information and meet regulatory requirements for maintaining a branch office. Busi Name: KESTRA ADVISORY SERVICES POSITION: Investment Advisor NATURE: Investment advisory services through Kestra Advisory Services, LLC INVESTMENT RELATED: Yes NUMBER OF HOURS: 40 SECURITIES TRADING HOURS: 160 START DATE: 02/08/2024 ADDRESS: 5707 Southwest Parkway, Bldg 2, Ste 400, Austin TX 78735, United States DESCRIPTION: Management of private retail accounts and financial planning.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Michael Lance Phillips's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Current

February 14, 2024 - Present

KESTRA ADVISORY SERVICES, LLC

Office #1: 2601 Network Blvd. Ste 430, Frisco, TX 75034

RIA

CRD#: 283330

Frisco, TX

Current

February 12, 2024 - Present

KESTRA INVESTMENT SERVICES, LLC

Office #1: 2601 Network Blvd. Ste 430, Frisco, TX 75034

CRD#: 42046

Frisco, TX

Past

June 7, 2017 - February 16, 2024

LPL FINANCIAL LLC

RIA

CRD#: 6413

FRISCO, TX

Past

June 5, 2017 - February 16, 2024

LPL FINANCIAL LLC

CRD#: 6413

FRISCO, TX

Past

May 22, 2007 - June 9, 2017

PROSPERA FINANCIAL SERVICES, INC.

RIA

CRD#: 10740

Plano, TX

Past

May 14, 2007 - June 9, 2017

PROSPERA FINANCIAL SERVICES, INC.

CRD#: 10740

Plano, TX

Past

January 19, 2006 - May 15, 2007

OPPENHEIMER & CO. INC.

RIA

CRD#: 249

DALLAS, TX

Past

November 3, 2003 - May 15, 2007

OPPENHEIMER & CO. INC.

CRD#: 249

DALLAS, TX

Past

January 3, 2003 - September 22, 2003

OPPENHEIMER & CO. INC.

CRD#: 249

NEW YORK, NY

Past

May 1, 2000 - January 3, 2003

CIBC WORLD MARKETS CORP.

CRD#: 630

NEW YORK, NY

Past

October 19, 1998 - April 10, 2000

CIBC WORLD MARKETS CORP.

CRD#: 630

NEW YORK, NY

Past

March 3, 1994 - September 23, 1998

UBS FINANCIAL SERVICES INC.

CRD#: 8174

WEEHAWKEN, NJ

Past

January 4, 1990 - March 16, 1994

CITIGROUP GLOBAL MARKETS INC.

CRD#: 7059

NEW YORK, NY

Past

April 11, 1988 - January 15, 1990

LEHMAN BROTHERS INC.

CRD#: 7506

NEW YORK, NY

Past

July 26, 1984 - April 11, 1988

E. F. HUTTON & COMPANY INC

CRD#: 235

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

KESTRA ADVISORY SERVICES, LLC

KESTRA ADVISORY SERVICES, LLC | NFP ADVISOR SERVICES LLC

CRD#: 283330 / SEC#: 801-56126

RIA

Registered Investment Advisory firm - (12/31/1998 Approved)

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

Arizona
(1/23/2025)

Arkansas
(1/9/2025)

California
(2/12/2024)

Michigan
(2/12/2024)

New York
(12/10/2024)

Ohio
(4/2/2024)

Pennsylvania
(12/6/2024)

Texas
(2/14/2024)

IAR

Texas
(2/14/2024)

Washington
(1/22/2025)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state. Note: This rule does not apply to broker-dealer activity.

Exams

State Security Law Exam

IAR

Series 65

Date: 1/11/2006

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 8/1/1984

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 7/21/1984

General Securities Representative Examination

Principal/Supervisory Exam

Series 8

Date: 1/28/1988

General Securities Sales Supervisor Examination (Options Module & General Module)

SRO Registrations

FINRA

Current Firm

KESTRA ADVISORY SERVICES, LLC

KESTRA ADVISORY SERVICES, LLC | NFP ADVISOR SERVICES LLC

CRD#: 283330 / SEC#: 801-56126

RIA

Registered Investment Advisory firm - (12/31/1998 Approved)

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Contact information

Main Address

5707 Southwest Parkway Building 2, Suite 400, Austin, TX 78735

Mailing Address

Phone number

(844) 553-7872

Established

Firm type

Fiscal year end

# of Employees

1,299

SEC notice filing (53 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

KESTRA ADVISORY SERVICES, LLC BROCHURE (RETAIL CLIENTS) (10/21/2025)

KESTRA ADVISORY SERVICES, LLC BROCHURE (WRAP FEE PROGRAM) (10/21/2025)

KESTRA ADVISORY SERVICES, LLC BROCHURE (PLAN CLIENTS) (10/21/2025)

Regulatory assets under management

Total Number of Accounts	155,482
AUM (Assets Under Management)	$ 60,174,309,829

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
12/23/2024	Cover Page	Report
10/20/2023	Cover Page	Report
12/21/2022	Cover Page	Report

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

Contact information

(xxx) xxx-xxxx

xxxxx@xxxx.xxx

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Advisor Monitoring

Firm Stability Insights

Michael L. Phillips

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Michael Lance Phillips's CRS (Customer Relationship Summary).

Certified licenses

Experience

KESTRA INVESTMENT SERVICES, LLC

LPL FINANCIAL LLC

LPL FINANCIAL LLC

PROSPERA FINANCIAL SERVICES, INC.

PROSPERA FINANCIAL SERVICES, INC.

OPPENHEIMER & CO. INC.

OPPENHEIMER & CO. INC.

OPPENHEIMER & CO. INC.

CIBC WORLD MARKETS CORP.

CIBC WORLD MARKETS CORP.

UBS FINANCIAL SERVICES INC.

CITIGROUP GLOBAL MARKETS INC.

LEHMAN BROTHERS INC.

E. F. HUTTON & COMPANY INC

Primary Firm SEC Registration

KESTRA ADVISORY SERVICES, LLC

State Registrations and Notice Filings

Exams

Series 65

Date: 1/11/2006

Series 63

Date: 8/1/1984

SIE

Date: 10/1/2018

Series 7

Date: 7/21/1984

Series 8

Date: 1/28/1988

FINRA

Current Firm

KESTRA ADVISORY SERVICES, LLC

Contact information

SEC notice filing (53 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Accountant surprise examination report

Red Flags

Company Information

KESTRA ADVISORY SERVICES, LLC

TRUST BUT VERIFY

Contact information

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