Michael T. Carl

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CRD#: 3023492

Professional summary

Michael Thomas Carl was barred by the FINRA from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

Michael is a previously registered financial professional and started their career in finance in 1998. Prior to being barred, Michael had worked at 7 firms, which includes CHARLES SCHWAB & CO. INC., CAPITAL BROKERAGE CORPORATION, LINCOLN FINANCIAL DISTRIBUTORS INC., AMERIPRISE FINANCIAL SERVICES LLC, JPMORGAN DISTRIBUTION SERVICES INC., NATIONAL PLANNING CORPORATION, PRUDENTIAL EQUITY GROUP LLC.

Question & Answer

Are you a "fiduciary"?

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.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary)

The CRS(Customer Relationship Summary) document is not provided.

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

Past

August 5, 2010 - May 9, 2019

CHARLES SCHWAB & CO., INC.

CRD#: 5393

Chicago, IL

Past

May 5, 2009 - June 16, 2010

CAPITAL BROKERAGE CORPORATION

CRD#: 10465

GLEN ALLEN, VA

Past

August 13, 2008 - February 23, 2009

CAPITAL BROKERAGE CORPORATION

CRD#: 10465

GLEN ALLEN, VA

Past

June 5, 2007 - July 29, 2008

LINCOLN FINANCIAL DISTRIBUTORS, INC.

CRD#: 145

RADNOR, PA

Past

January 16, 2003 - June 12, 2007

AMERIPRISE FINANCIAL SERVICES, LLC

CRD#: 6363

MINNEAPOLIS, MN

Past

August 31, 2001 - May 1, 2002

JPMORGAN DISTRIBUTION SERVICES, INC.

CRD#: 104234

COLUMBUS, OH

Past

June 28, 2000 - June 15, 2001

NATIONAL PLANNING CORPORATION

CRD#: 29604

LOS ANGELES, CA

Past

November 18, 1998 - May 2, 2000

PRUDENTIAL EQUITY GROUP, LLC

CRD#: 7471

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".

CHARLES SCHWAB & CO., INC.

CRD#: 5393 / SEC#: 801-29938, 8-16514

RIA

Registered Investment Advisory firm - SEC (7/24/1987 Approved)

Broker-Dealer Firm Regulated by FINRA (Dallas district office)

State Registrations and Notice Filings

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

Visual representation of state registrations

This advisor is not registered in any state.

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.

Exams

State Security Law Exam

IAR

Series 65

Date: 12/3/1998

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 11/23/1998

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: 11/16/1998

General Securities Representative Examination

General Industry/Product Exam

Series 3

Date: 1/26/1998

National Commodity Futures Examination

Current Firm

CHARLES SCHWAB & CO., INC.

CRD#: 5393 / SEC#: 801-29938, 8-16514

RIA

Registered Investment Advisory firm - SEC (7/24/1987 Approved)

Broker-Dealer Firm Regulated by FINRA (Dallas district office)

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Contact information

Main Address

3000 Schwab Way, San Francisco, CA 94105

Mailing Address

3000 Schwab Way Sf211mn-08-330, Westlake, TX 76262-8104

Phone number

(817) 859-5000

Established

California since 04/01/1971

Firm type

Corporation

Fiscal year end

December

Firm Size

Large

# of Employees

30,065

SEC notice filing (52 States and Territories)

FINRA licenses (53 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Part 2 Brochures

SCHWAB WEALTH ADVISORY DISCLOSURE BROCHURE (9/23/2025)

CHARLES SCHWAB & CO., INC. SCHWAB INTELLIGENT PORTFOLIOS SOLUTIONS DISCLOSURE BROCHURE (9/23/2025)

SCHWAB MANAGED ACCOUNT SERVICES DISCLOSURE BROCHURE FOR CLIENTS OF INDEPENDENT INVESTMENT ADVISORS (9/23/2025)

SCHWAB'S MODEL MARKET CENTER DISCLOSURE BROCHURE (9/23/2025)

CS&CO. INC. DISCLOSURE BROCHURE FOR: SCHWAB MANAGED ACCOUNT SVC, SCHWAB MANAGED PORTFOLIOS, SCHWAB FINANCIAL PLANNING SVC (9/23/2025)

SCHWAB ADVISOR NETWORK DISCLOSURE BROCHURE (6/30/2025)

CHARLES SCHWAB & CO., INC. ADVICE SERVICES WITH MORNINGSTAR INVESTMENT MANAGEMENT LLC DISCLOSURE BROCHURE (3/27/2025)

Direct owners and executive officers

Name	Position	CRD#
SCHWAB HOLDINGS, INC.	100% OWNER
BEATTY, JONATHAN SCOTT	DIRECTOR, MANAGING DIRECTOR AND HEAD OF ADVISOR SERVICES	2429276
CRAIG, JONATHAN M	PRESIDENT, DIRECTOR, MANAGING DIRECTOR AND HEAD OF INVESTOR SERVICES AND MARKETING	4144656
HATHI, NEESHA K	MANAGING DIRECTOR HEAD OF WEALTH & ADVICE SOLUTIONS	2648997
HOWARD, DENNIS WILLARD	MANAGING DIRECTOR AND CHIEF INFORMATION OFFICER	6403083
NICHOLS, CHARLES	MANAGING DIRECTOR AND BROKER DEALER & INVESTMENT ADVISOR CHIEF COMPLIANCE OFFICER	4811434
STARR, JEFFREY HAROLD	MANAGING DIRECTOR, AND OPERATIONAL SERVICES AND PRINCIPAL OPERATIONS OFFICER	4700461
VERDESCHI, MICHAEL DANIEL	MANAGING DIRECTOR AND CHIEF FINANCIAL OFFICER AND PRINCIPAL FINANCIAL OFFICER, DIRECTOR	4570777

Disclosures

Regulatory Event	58
Civil Event	3
Arbitration	248
Bond	2

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
02/24/2025	Cover Page	Report
01/19/2024	Cover Page	Report
04/14/2023	Cover Page	Report

Red Flags

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Michael T. Carl

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary)

Certified licenses

Experience

CAPITAL BROKERAGE CORPORATION

CAPITAL BROKERAGE CORPORATION

LINCOLN FINANCIAL DISTRIBUTORS, INC.

AMERIPRISE FINANCIAL SERVICES, LLC

JPMORGAN DISTRIBUTION SERVICES, INC.

NATIONAL PLANNING CORPORATION

PRUDENTIAL EQUITY GROUP, LLC

Primary Firm SEC Registration

CHARLES SCHWAB & CO., INC.

State Registrations and Notice Filings

Exams

Series 65

Date: 12/3/1998

Series 63

Date: 11/23/1998

SIE

Date: 10/1/2018

Series 7

Date: 11/16/1998

Series 3

Date: 1/26/1998

Current Firm

CHARLES SCHWAB & CO., INC.

Contact information

SEC notice filing (52 States and Territories)

FINRA licenses (53 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Disclosures

Accountant surprise examination report

Red Flags

Company Information

CHARLES SCHWAB & CO., INC.

TRUST BUT VERIFY

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