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Michael Sprout Shannon

FIRST TRUST ADVISORS LP

NAPLES, FL

·CRD# 2962973·29 years experience

Professional Summary

Michael Sprout Shannon is a registered financial advisor currently at FIRST TRUST ADVISORS LP located in Naples, Florida and FIRST TRUST PORTFOLIOS L.P. located in Wheaton, Illinois. 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 11 firms and has passed the Series 66, Series 63, SIE, Series 7 and Series 24 exams.

At a Glance

Advisory Accounts Only

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Other Aliases

There are no additional aliases reported.

Blog Corner

What Does a Financial Advisor Do? Understanding Their Role, Services, and Value

What Does a Financial Advisor Do? Understanding Their Role, Services, and Value

Do I Need a Financial Advisor? A Complete Guide to Deciding If It’s Right for You

Do I Need a Financial Advisor? A Complete Guide to Deciding If It’s Right for You

What Are Financial Values and How to Align Them With Your Financial Goals

What Are Financial Values and How to Align Them With Your Financial Goals

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Videos & Posts

This advisor has not added any videos or posts yet.

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Contact Information

This advisor has not claimed their profile yet, so there is no contact information to display at this time.

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Disclosures are events reported to regulators, such as customer disputes, regulatory actions, employment separations, or financial events. Some are resolved, denied, or contested — a disclosure is not a verdict. We recommend asking an advisor directly about any disclosure on their record.

Disclosures on record.

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.

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Years of Experience

29 years in the financial services industry

Current & Past Employments

FIRST TRUST ADVISORS LP·CRD# 107027

RIA

Naples, FL

October 1, 2012 - Present

FIRST TRUST PORTFOLIOS L.P.·CRD# 28519

BD

120 E. Liberty Drive Suite 400, Wheaton, IL 60187

April 4, 2011 - Present

DWS DISTRIBUTORS, INC.·CRD# 37306

BD

New York, NY

February 28, 2008 - March 31, 2011

PACIFIC SELECT DISTRIBUTORS, LLC·CRD# 4452

BD

Newport Beach, CA

December 7, 2004 - February 21, 2008

SUN LIFE FINANCIAL DISTRIBUTORS, INC.·CRD# 5496

BD

Wellesley Hills, MA

August 16, 2004 - December 16, 2004

IFMG SECURITIES, INC.·CRD# 14416

BD

Purchase, NY

December 13, 2002 - August 31, 2004

SUN LIFE FINANCIAL DISTRIBUTORS, INC.·CRD# 5496

BD

Wellesley Hills, MA

April 17, 2002 - December 31, 2002

LINCOLN FINANCIAL DISTRIBUTORS, INC.·CRD# 145

BD

Radnor, PA

February 7, 2001 - October 23, 2001

IFMG SECURITIES, INC.·CRD# 14416

BD

Purchase, NY

October 1, 1999 - November 28, 2000

MARKETING ONE SECURITIES, INC.·CRD# 16611

BD

Portland, OR

June 11, 1999 - October 1, 1999

CONSECO SECURITIES, INC.·CRD# 29367

BD

Carmel, IN

November 2, 1998 - June 7, 1999

JANNEY MONTGOMERY SCOTT LLC·CRD# 463

BD

Philadelphia, PA

April 9, 1998 - September 11, 1998

PRINCIPAL SECURITIES, INC.·CRD# 1137

BD

Des Moines, IA

November 3, 1997 - June 8, 1998

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Current Firm

FT

FIRST TRUST ADVISORS LP

FIRST TRUST ADVISORS LP

CRD#: 107027 / SEC#: 801-39950

RIA

Registered Investment Advisory firm - SEC (10/4/1991 Approved)

Contact Information

Main Address

120 E. Liberty Drive Suite 400, Wheaton, IL 60187

Phone Number

(630) 765-8000

# of Employees

542

SEC notice filing (51 States and Territories)

Registered to provide investment advisory services in 51 US states and territories.

Documents

Customer Relationship Summary (CRS / SEC)Latest Form ADV

Part 2 Brochures

FTA FORM ADV PART 2A BROCHURE - 03.31.2026 (3/31/2026)

Regulatory Assets Under Management

Total Number of Accounts

6,316

AUM (Assets Under Management)

$309,241,000,000

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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.

The advisor shows no other business activity.

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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".

FT

FIRST TRUST ADVISORS LP

FIRST TRUST ADVISORS LP

CRD#: 107027 / SEC#: 801-39950

RIA

Registered Investment Advisory firm - SEC (10/4/1991 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 securities offerings such as stocks, bonds, and mutual funds through a broker-dealer.

RR

Alabama
(7/17/2026)

RR

Alaska
(7/17/2026)

RR

Arizona
(7/17/2026)

RR

Arkansas
(7/17/2026)

RR

California
(7/17/2026)

RR

Colorado
(7/17/2026)

RR

Connecticut
(7/17/2026)

RR

Delaware
(7/17/2026)

RR

District of Columbia
(7/17/2026)

RR

Florida
(1/5/2026)

RR

Georgia
(7/17/2026)

RR

Hawaii
(7/17/2026)

RR

Idaho
(7/17/2026)

RR

Illinois
(4/4/2011)

IAR

Illinois
(10/1/2012)

RR

Indiana
(7/17/2026)

RR

Iowa
(7/17/2026)

RR

Kansas
(7/17/2026)

RR

Kentucky
(7/17/2026)

RR

Louisiana
(7/17/2026)

RR

Maine
(7/17/2026)

RR

Maryland
(7/17/2026)

RR

Massachusetts
(7/17/2026)

RR

Michigan
(7/17/2026)

RR

Minnesota
(7/17/2026)

RR

Mississippi
(7/17/2026)

RR

Missouri
(7/17/2026)

RR

Montana
(7/17/2026)

RR

Nebraska
(7/17/2026)

RR

Nevada
(7/17/2026)

RR

New Hampshire
(7/17/2026)

RR

New Jersey
(1/19/2012)

RR

New Mexico
(7/17/2026)

RR

New York
(7/17/2026)

RR

North Carolina
(7/17/2026)

RR

North Dakota
(7/17/2026)

RR

Ohio
(7/17/2026)

RR

Oklahoma
(7/17/2026)

RR

Oregon
(7/17/2026)

RR

Pennsylvania
(7/17/2026)

RR

Puerto Rico
(7/17/2026)

RR

Rhode Island
(7/17/2026)

RR

South Carolina
(7/17/2026)

RR

South Dakota
(7/17/2026)

RR

Tennessee
(7/17/2026)

RR

Texas
(7/17/2026)

RR

Utah
(7/17/2026)

RR

Vermont
(7/17/2026)

RR

Virginia
(7/17/2026)

RR

Washington
(7/17/2026)

RR

West Virginia
(7/17/2026)

RR

Wisconsin
(7/17/2026)

RR

Wyoming
(7/17/2026)

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

Financial professionals may take different exams throughout their careers based on the types of services they provide and roles they perform.

Series 66 — Uniform Combined State Law Examination

Passed Sep 2012About the Series 66 exam

Series 63 — Uniform Securities Agent State Law Examination

Passed Nov 1997About the Series 63 exam

SIE — Securities Industry Essentials Examination

Passed Oct 2018About the SIE exam

Series 7 — General Securities Representative Examination

Passed Oct 1997About the Series 7 exam

Series 24 — General Securities Principal Examination

Passed Jun 2022About the Series 24 exam

FINRA

SRO Registrations

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CRS (Client Relationship Summary) - RIA

Click below to view Michael Sprout Shannon's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

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MS

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