MM
Michael A. Mclane
REDWOOD FINANCIAL PLANNING
SCOTCH PLAINS, NJ 07076
Some features on this profile are disabled
CRD#: 2948543
MM
Professional summary
Michael Allen Mclane, CFP®, CIMA®, who also goes by Mike Mclane, is a registered financial advisor currently at REDWOOD FINANCIAL PLANNING, LLC located in Scotch Plains, New Jersey and PURSHE KAPLAN STERLING INVESTMENTS located in Scotch Plains, New Jersey.
Michael is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1997. Michael has worked at 9 firms and has passed the Series 66, Series 99TO, SIE, Series 7 and Series 24 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Mike Mclane
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) REDWOOD FINANCIAL PLANNING, LLC. INVESTMENT RELATED BUSINESS LOCATED AT 1812 FRONT STREET, SCOTCH PLAINS, NJ 07076. INVESTMENT ADVISORY BUSINESS. TITLE IS INVESTMENT ADVISORY REPRESENTATIVE. STARTED 08/2020. 50 HRS/MO DEVOTED - 3 HRS/DAY DURING TRADING. DUTIES ARE TO ACT AS AGENT FOR ADVISORY BUSINESS. 2) MCLANE FINANCIAL CONSULTING, NOT INVESTMENT-RELATED, 1563 GROUSE LANE, MOUNTAINSIDE, NJ 07092, TAX PREPARATION, OWNER/PROPRIETOR, START DATE: 1998, APPROX. NUMBER OF HOURS/MONTH: 20 (FEBRUARY-MAY), THE NUMBER OF HOURS DEVOTED TO THE OUTSIDE BUSINESS ACTIVITY DURING SECURITIES TRADING HOURS: 0, DUTIES: PART-TIME/SEASONAL - PREPARE FEDERAL AND STATE TAX RETURNS, PROVIDE BUSINESS CONSULTING, AND POTENTIALLY PROVIDE EXPERT WITNESS SERVICES. 3) PKS FINANCIAL. INVESTMENT RELATED. BROKER DEALER LOCATED AT 80 STATE STREET, ALBANY NY 12207. BROKERAGE/INSURANCE ACTIVITIES. TITLE IS REGISTERED REPRESENTATIVE. STARTED 09/2020. 90 HRS/MO DEVOTED - 40 DURING TRADING. DUTIES ARE SALES OF SECURITIES AND BROKERAGE PRODUCTS. 4) INSURANCE SALES - SOLE PROPRIETOR; 1563 GROUSE LANE, MOUNTAINSIDE,NJ 07092; DUTIES INCLUDE SALE OF FIXED INSURANCE & ANNUITIES/HEALTH INSURANCE;STARTED IN 2001; 40 HOURS/MONTH - 20 HOURS APPROX. DURING TRADING; INVESTMENT RELATED; 5) LAKE GEORGE PROPERTIES LLC. NOT INVESTMENT RELATED. LOCATED AT 1563 GROUSE LANE, MOUNTAINSIDE, NJ 07092. NATURE - RENTAL OF REAL ESTATE PROPERTY. POSITION - OWNER AND MANAGING MEMBER. START - 01/2021. 4 HOURS PER MONTH, 1 HOUR DURING TRADING HOURS. DUTIES - MAINTAIN THE PROPERTY, REPAIRS AND UPKEEP ON WEEKENDS.
CRS (Client Relationship Summary) - RIA
Click below to view Michael Allen Mclane'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®
CFP®
Start date: 1997
Experience
Current
August 31, 2020 - Present
REDWOOD FINANCIAL PLANNING, LLC
Office #1: 1812 Front Street, Scotch Plains, NJ 07076RIA
CRD#: 291250
SCOTCH PLAINS, NJ
Current
September 1, 2020 - Present
PURSHE KAPLAN STERLING INVESTMENTS
Office #1: 1812 Front Street, Scotch Plains, NJ 07076BD
CRD#: 35747
Scotch Plains, NJ
Past
October 6, 2008 - September 18, 2020
HORNOR, TOWNSEND & KENT, LLC
RIA
CRD#: 4031
EDISON, NJ
Past
October 6, 2008 - September 18, 2020
HORNOR, TOWNSEND & KENT, LLC
BD
CRD#: 4031
EDISON, NJ
Past
July 30, 2002 - October 9, 2008
MSI FINANCIAL SERVICES, INC.
RIA
CRD#: 14251
CRANFORD, NJ
Past
February 15, 2002 - July 9, 2007
METROPOLITAN LIFE INSURANCE COMPANY
BD
CRD#: 4095
CRANFORD, NJ
Past
February 15, 2002 - October 9, 2008
MSI FINANCIAL SERVICES, INC.
BD
CRD#: 14251
CRANFORD, NJ
Past
January 4, 2001 - February 8, 2002
1717 CAPITAL MANAGEMENT COMPANY
BD
CRD#: 4082
NEWARK, DE
Past
July 21, 2000 - January 26, 2001
NATIONAL PLANNING CORPORATION
BD
CRD#: 29604
LOS ANGELES, CA
Past
July 31, 1998 - July 31, 2000
FFP SECURITIES, INC.
BD
CRD#: 16337
CHESTERFIELD, MO
Past
October 27, 1997 - July 31, 1998
FAMILY INVESTORS COMPANY
BD
CRD#: 1785
FANWOOD, NJ
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".
RF
REDWOOD FINANCIAL PLANNING, LLC
PRO FINANCIAL GROUP LLC | REDWOOD FINANCIAL PLANNING, LLC
CRD#: 291250 / SEC#: 801-127675
RIA
Registered Investment Advisory firm - (4/18/2023 Approved)New Jersey
Registered Investment Advisory firm - (5/4/2023 Terminated)New York
Registered Investment Advisory firm - (5/2/2023 Terminated)Pennsylvania
Registered Investment Advisory firm - (5/2/2023 Terminated)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
California(9/1/2020)
RR
Delaware(9/1/2020)
RR
Florida(9/1/2020)
RR
Georgia(9/29/2020)
RR
Maryland(9/1/2020)
RR
Massachusetts(9/1/2020)
RR
New Jersey(9/1/2020)
IAR
New Jersey(9/1/2020)
RR
New York(9/1/2020)
IAR
New York(10/5/2021)
RR
North Carolina(9/1/2020)
RR
Oregon(5/10/2023)
IAR
Pennsylvania(8/31/2020)
RR
Pennsylvania(9/1/2020)
RR
South Carolina(9/1/2020)
RR
Texas(9/29/2020)
RR
Virginia(9/29/2020)
Exams
State Security Law Exam
General Industry/Product Exam
RR
Series 99TO
Date: 1/2/2023
Operations Professional ExaminationGeneral Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
SRO Registrations
RR
FINRA
Current Firm
RF
REDWOOD FINANCIAL PLANNING, LLC
PRO FINANCIAL GROUP LLC | REDWOOD FINANCIAL PLANNING, LLC
CRD#: 291250 / SEC#: 801-127675
RIA
Registered Investment Advisory firm - (4/18/2023 Approved)New Jersey
Registered Investment Advisory firm - (5/4/2023 Terminated)New York
Registered Investment Advisory firm - (5/2/2023 Terminated)Pennsylvania
Registered Investment Advisory firm - (5/2/2023 Terminated)Upgrade to AdvisorCheck Premium
Get A Biweekly Pulse, AutomaticallyReceive biweekly alerts automatically. Stay informed and proactive.
Catch Firm-Level Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
See Trends. Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.
Contact information
Main Address
1812 Front Street, Scotch Plains, NJ 07076
Mailing Address
Phone number
(908) 663-2125
Established
Firm type
Fiscal year end
# of Employees
4
SEC notice filing (12 States and Territories)
Documents
Regulatory assets under management
| Total Number of Accounts | 1,294 |
| AUM (Assets Under Management) | $ 212,777,284 |
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.
