Michael L. Shipman

GRAYSTREET PARTNERS

SAN ANTONIO, TX 78212-1410

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CRD#: 4693031

Professional summary

Michael Lester Shipman is a registered financial advisor currently at GRAYSTREET PARTNERS located in San Antonio, Texas.

Michael is registered as an IAR (Investment Advisor Representative) and started their career in finance in 2003. Michael has worked at 7 firms and has passed the Series 65, Series 63, SIE, Series 7 and Series 6 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.

The advisor shows no other business activity.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Michael Lester Shipman'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®

None

Experience

Current

May 22, 2025 - Present

GRAYSTREET PARTNERS

Office #1: 4515 San Pedro Ave, San Antonio, TX 78212-1410

RIA

CRD#: 334967

SAN ANTONIO, TX

Past

January 28, 2022 - January 2, 2024

FROST INVESTMENT SERVICES

RIA

CRD#: 286129

SAN ANTONIO, TX

Past

February 18, 2020 - December 31, 2021

FROST INVESTMENT SERVICES

RIA

CRD#: 286129

SAN ANTONIO, TX

Past

February 18, 2020 - January 2, 2024

FROST BROKERAGE SERVICES, INC.

CRD#: 17465

SAN ANTONIO, TX

Past

April 10, 2006 - September 17, 2018

EAGLE STRATEGIES LLC

RIA

CRD#: 110826

SAN ANTONIO, TX

Past

March 31, 2006 - September 17, 2018

NYLIFE SECURITIES LLC

CRD#: 5167

SAN ANTONIO, TX

Past

September 2, 2005 - March 20, 2006

FIRST COMMAND BROKERAGE SERVICES, INC.

RIA

CRD#: 3641

SAN ANTONIO, TX

Past

January 4, 2005 - September 2, 2005

FIRST COMMAND BANK

RIA

CRD#: 128851

FORT WORTH, TX

Past

October 7, 2003 - March 20, 2006

FIRST COMMAND BROKERAGE SERVICES, INC.

CRD#: 3641

SAN ANTONIO, TX

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".

GRAYSTREET PARTNERS

GRAYSTREET CAPITAL MANAGEMENT, LLC | GRAYSTREET PARTNERS | GRAYSTREET MANAGEMENT SERVICES, LLC

CRD#: 334967 / SEC#: 801-132502

RIA

Registered Investment Advisory firm - (5/8/2025 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.

Highlighted states indicate IAR registrations

IAR

Texas
(5/22/2025)

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.

Exams

State Security Law Exam

IAR

Series 65

Date: 11/6/2004

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 10/7/2003

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 9/17/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 6/30/2011

General Securities Representative Examination

General Industry/Product Exam

Series 6

Date: 10/6/2003

Investment Company Products/Variable Contracts Representative Examination

Current Firm

GRAYSTREET PARTNERS

GRAYSTREET CAPITAL MANAGEMENT, LLC | GRAYSTREET PARTNERS | GRAYSTREET MANAGEMENT SERVICES, LLC

CRD#: 334967 / SEC#: 801-132502

RIA

Registered Investment Advisory firm - (5/8/2025 Approved)

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Contact information

Main Address

4515 San Pedro Ave, San Antonio, TX 78212-1410

Mailing Address

Phone number

(210) 736-5400

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (1 States and Territories)

Documents

Latest Form ADV

Regulatory assets under management

Total Number of Accounts	7
AUM (Assets Under Management)	$ 155,000,000

Exempt reporting advisers

Exempt Reporting Advisers ("ERA") are investment advisers that are not required to register as investment advisers because they rely on certain exemptions from registration under sections 203(l) and 203(m) of the Investment Advisers Act of 1940 and related rules. Certain state securities regulatory authorities have similar exemptions based on state statutes or regulations. An ERA is required to file a report using Form ADV, but does not complete all items contained in Form ADV that a registered adviser must complete. Other state securities regulatory authorities require an ERA to register as an investment adviser and file a complete Form ADV. Below are the regulators with which an ERA report is filed.

SEC / JURISDICTION	REPORTING STATUS	EFFECTIVE DATE
SEC	ERA - Withdrawn	3/24/2025

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.

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Advisor Monitoring

Firm Stability Insights

Michael L. Shipman

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Michael Lester Shipman's CRS (Customer Relationship Summary).

Certified licenses

Experience

FROST INVESTMENT SERVICES

FROST INVESTMENT SERVICES

FROST BROKERAGE SERVICES, INC.

EAGLE STRATEGIES LLC

NYLIFE SECURITIES LLC

FIRST COMMAND BROKERAGE SERVICES, INC.

FIRST COMMAND BANK

FIRST COMMAND BROKERAGE SERVICES, INC.

Primary Firm SEC Registration

GRAYSTREET PARTNERS

State Registrations and Notice Filings

Exams

Series 65

Date: 11/6/2004

Series 63

Date: 10/7/2003

SIE

Date: 9/17/2018

Series 7

Date: 6/30/2011

Series 6

Date: 10/6/2003

Current Firm

GRAYSTREET PARTNERS

Contact information

SEC notice filing (1 States and Territories)

Documents

Regulatory assets under management

Exempt reporting advisers

Red Flags

Company Information

GRAYSTREET PARTNERS

TRUST BUT VERIFY

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