MB
Michael E. Banks
LAKERIDGE WEALTH MANAGEMENT LLC
BOULDER, CO
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CRD#: 1446951
MB
Professional summary
Michael Ernest Banks is a registered financial advisor currently at LAKERIDGE WEALTH MANAGEMENT LLC located in Boulder, Colorado and CETERA INVESTMENT ADVISERS LLC located in Boulder, Colorado.
Michael is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1986. Michael has worked at 5 firms and has passed the Series 65, Series 63, SIE, Series 3, Series 15, Series 7 and Series 24 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.
(1) OTHER BUSINESS: INSURANCE, INVEST. RELATED: YES, NATURE OF BUSINESS: SALE OF FIXED INSURANCE (LIFE, DISABILITY, ANNUITIES, LONG-TERM CARE), POSITION: AGENT, START DATE: 05/31/2005, HOURS PER WEEK: 2 HOURS DURING TRADING HOURS: VARIES DUTIES: FIXED INSURANCE SALES (2) OTHER BUSINESS: MBA FINANCIAL SERVICES, LLC, INVEST. RELATED: YES, 1634 WALNUT ST. #111. BOULDER, CO 80302, NATURE OF BUSINESS: INVESTMENT SERVICES, POSITION: MANAGING DIRECTOR/FINANCIAL ADVISOR, START DATE: 11/2022, HOURS PER WEEK: 40 HOURS PER WEEK, DUTIES: MANAGING DIRECTOR AND FINANCIAL ADVISOR FOR DBA - MBA FINANCIAL SERVICES, LLC. (3) OTHER BUSINESS: MICHAEL BANKS INVEST. RELATED: NO, NATURE OF BUSINESS: BOOK AUTHOR, POSITION: AUTHOR, START DATE: 01/2004, HOURS PER WEEK: 5 ; DUTIES: NON-FICTION BOOK AUTHOR. (4) OTHER BUSINESS: HARVARD COLLEGE; INVEST. RELATED: NO; 24 MT. AUBURN STREET, CAMBRIDGE, MA 02138; NATURE OF BUSINESS: ADVOCATE FOR MAKING CHARITABLE REQUESTS TO HARVARD COLLEGE; START DATE: 11/2022; HOURS PER WEEK: 0- 2 HOURS; DURING TRADING HOURS: 0-2 HOURS; DUTIES: CLASS CHAIR/ ADVOCATE; (5) OTHER BUSINESS: RALEIGH ROAD REAL ESTATE LLC, MOFFIT PARK LLC, SYCAMORE PARK LLC, UPLAND PARK LLC, RALEIGH ROAD LLC, CENTER BRIDGE LLC; INVEST. RELATED: NO; SAME AS REGISTERED ADDRESS NATURE OF BUSINESS: REAL ESTATE, START DATE: 2/2025. TITLE: PART OWNER & MANAGER, # OF HRS/WK: 8 APX # OF HRS DUR TRD HRS: 1; DUTIES: PROPERTY MANGEMENT, INCLUDING FACILITIES SERVICES, BOOKKEEPING AND CASH FLOW MANAGEMENT; (6) OTHER BUSINESS: FINANCIAL NETWORK INVEST. RELATED: YES SAME AS REGISTERED LOCATION NATURE OF BUSINESS: FINANCIAL SERVICES START DATE: 1/2013 HOURS PER WEEK: 40 HOURS DURING TRADING HOURS: 32.5 POSITION: REGISTERED REP DUTIES: DBA (7) OTHER BUSINESS: WORLD WILDLIFE FUND & THE NATURE CONSERVANCY INVEST. RELATED: NO ADDRESS: COLORADO NATURE OF BUSINESS: NON-PROFIT START DATE: 3/2017 HOURS PER WEEK: 2 HOURS DURING TRADING HOURS: 2 POSITION: VOLUNTEER DUTIES: ADVOCACY AND FUNDRAISING (8) OTHER BUSINESS: LAKERIDGE WEALTH MANAGEMENT - CRD#314071 INVEST. RELATED: YES SAME AS REGISTERED LOCATION NATURE OF BUSINESS: ADVISORY SERVICES POSITION: INVESTMENT ADVISORY REPRESENTATIVE START DATE: 06/2021 HOURS PER WEEK: 40 HOURS DURING TRADING HOURS: 32.5 DUTIES: FINANCIAL PLANNING AND ASSET MANAGEMENT (9) NAME OF OTHER BUSINESS: FREEDOM FOREVER, LLC; INVESTMENT RELATED: NO; ADDRESS: 4445 BUSINESS PARK DRIVE, SUITE 104, TEMECULA, CA 92590; NATURE OF BUSINESS: SOLAR PANEL INSTALLATIONS START DATE: 8/2025; POSITION/TITLE/RELATIONSHIP: REFERRER; APX NUMBER OF HOURS PER WEEK: 2; APX NUMBER OF HOURS DURING TRADING HOURS: 0; BRIEF DESCRIPTION OF DUTIES: SOLAR INSTALLATIONS, PROVIDE REFERRALS;
CRS (Client Relationship Summary) - RIA
Click below to view Michael Ernest Banks's 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®
NoneExperience
Current
January 24, 2022 - Present
LAKERIDGE WEALTH MANAGEMENT LLC
RIA
CRD#: 314071
BOULDER, CO
Current
June 29, 2023 - Present
CETERA INVESTMENT ADVISERS LLC
Office #1: 1634 Walnut St Ste 111, Boulder, CO 80302RIA
CRD#: 105644
BOULDER, CO
Current
November 20, 1989 - Present
CETERA WEALTH SERVICES, LLC
Office #1: 2060 Broadway Suite 490, Boulder, CO 80302BD
CRD#: 13572
BOULDER, CO
Past
August 19, 2021 - December 31, 2021
LAKERIDGE WEALTH MANAGEMENT LLC
RIA
CRD#: 314071
MENTOR, OH
Past
August 1, 2005 - June 29, 2023
CETERA WEALTH SERVICES, LLC
RIA
CRD#: 13572
BROOMFIELD, CO
Past
March 19, 2001 - February 27, 2007
LIGHTHOUSE FINANCIAL LLC
RIA
CRD#: 109251
BOULDER, CO
Past
January 23, 1986 - October 24, 1989
MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
BD
CRD#: 7691
NEW YORK, NY
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".
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 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.RR
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
RR
Arizona(5/29/2025)
RR
California(11/20/1989)
RR
Colorado(6/22/1995)
IAR
Colorado(1/24/2022)
RR
Connecticut(11/3/2021)
RR
District of Columbia(2/1/1994)
RR
Florida(6/30/2022)
RR
Georgia(5/25/2023)
RR
Illinois(6/29/2023)
RR
Maryland(5/8/2023)
RR
Massachusetts(1/23/1995)
RR
Michigan(8/8/2023)
RR
Minnesota(9/8/1995)
RR
New Hampshire(3/4/2020)
RR
New Jersey(7/25/2025)
RR
New Mexico(7/29/2025)
RR
New York(1/2/1997)
RR
Ohio(4/10/2023)
RR
Oregon(11/20/2007)
RR
Pennsylvania(10/31/2023)
RR
Vermont(1/13/2025)
RR
Virginia(9/18/2013)
RR
Washington(7/30/2025)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
RR
Series 15
Date: 8/19/1986
Foreign Currency Options ExaminationGeneral Industry/Product Exam
Principal/Supervisory Exam
SRO Registrations
RR
FINRA
Current Firm
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
1450 American Lane 6th Floor, Suite 650, Schaumburg, IL 60173-2096
Mailing Address
Phone number
(310) 257-7880
Established
Firm type
Fiscal year end
# of Employees
7,705
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 584,487 |
| AUM (Assets Under Management) | $ 163,792,814,520 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/27/2025 | ||
| 12/13/2024 | ||
| 09/26/2023 | ||
| 11/18/2022 |
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.
