MS
Michael R. Schremser
TSFG
Elgin, IL
Some features on this profile are disabled
CRD#: 5159835
MS
Professional summary
Michael Richard Schremser is a registered financial advisor currently at TSFG, LLC located in Elgin, Illinois and LPL FINANCIAL LLC located in St. Charles, Illinois.
Michael is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2007. Michael has worked at 6 firms and has passed the Series 66, Series 52TO, SIE, Series 31, Series 7, Series 4, Series 24, Series 10 and Series 9 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. 7/25/2018 - TSFG, LLC - Investment Related - At Reported Business Location(s) - Registered Investment Advisor Hybrid - IAR - Started 07/09/2018 - 160 Hours Per Month During Securities Trading - Time Spent 100% - I provide investment advisory services through TSFG, LLC, an independent investment advisor firm. I started this business activity in 07/2018. I expect to spend approximately 160 hours per month on this activity. Please see the advisory firm's Form ADV for more information about its address, the nature of its business, its owners, and its services at http://www.adviserinfo.sec.gov/IAPD. The firm is separate from and independent of LPL Financial. 2. 8/20/2018 - Gibbons Financial Group - Investment Related - At Reported Business Location(s) - DBA for LPL Business (entity for LPL business) - Start Date:08/08/2018 - 160 Hours Per Month/160 Hours During Trading. 3. 8/20/2018 - TS Financial Group - Investment Related - At Reported Business Location(s) - DBA for LPL Business (entity for LPL business) - Start Date:08/08/2018 - 160 Hours Per Month/160 Hours During Trading. 4. 06/20/2019 - Kellogg Insurance Marketing - Investment Related - At Reported Business Location(s) - Non-Variable Insurance - Insurance Agent - Start Date: 06/19/2019 - 5 Hours Per Month/5 Hours During Securities Trading. 5. 9/10/2019 - Employee Benefit Risk Management Services - Investment Related - At Reported Business Location(s) - Non-Variable Insurance - Insurance Agent - Started 08/30/2019 - 5 Hours Per Month During Securities Trading. 6. 8/28/2020 - Deane Enterprises - Investment Related - At Reported Business Location(s) - DBA for LPL Business (entity for LPL business) - Start Date: 9/9/2020 - 5 Hours Per Month/5 Hours During Securities Trading. 7. 9/14/2020 - Deane Enterprises - Investment Related - At Reported Business Location(s) - Non-Variable Insurance - Started 09/09/2020 - 5 Hours Per Month During Securities Trading. 8. 12/08/2023 - Gradepoint Financial LLC - DBA for LPL Business (entity for LPL business) - Investment Related - At Reported Business Location(s) - Start Date 12/01/2023 - 10 Hours Per Month/ During Trading. 9. 12/08/2023 - Gradepoint Insurance LLC - Non-Variable Insurance - Agent - Investment Related - At Reported Business Location(s) - Start Date 12/01/2023 - 5 Hours Per Month/ During Trading. 10. 05/09/2024 - Orange Advisory - Business Entity For Tax/Investment Purposes Only - Not Investment Related - At Reported Business Location(s) - Start Date 05/10/2024 - 5 Hours Per Month/ During Trading 11. 08/06/2024 - Other - Notary - Investment Related - At Reported Business Location(s) - Start Date 07/15/2024 - 1 Hour Per Month/ During Trading 12. 09/30/2024 - GradePoint Financial Group LLC - DBA for LPL Business (entity for LPL business) - Investment Related - At Reported Business Location(s) - Start Date 09/24/2024 - 1 Hour Per Month/ During Trading
CRS (Client Relationship Summary) - RIA
Click below to view Michael Richard Schremser'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
July 21, 2018 - Present
TSFG, LLC
RIA
CRD#: 172555
Elgin, IL
Current
December 10, 2012 - Present
LPL FINANCIAL LLC
Office #2: 1052 N Western Avenue, Lake Forest, IL 60045RIA
BD
CRD#: 6413
ST. CHARLES, IL
Past
December 14, 2012 - July 9, 2018
LPL FINANCIAL LLC
RIA
CRD#: 6413
ELGIN, IL
Past
June 19, 2012 - November 28, 2012
OPTIONSXPRESS, INC.
BD
CRD#: 103849
CHICAGO, IL
Past
March 29, 2011 - November 28, 2012
BROKERSXPRESS LLC
BD
CRD#: 127081
CHICAGO, IL
Past
October 5, 2009 - March 30, 2011
AMERIPRISE FINANCIAL SERVICES, LLC
RIA
CRD#: 6363
ST. CHARLES, IL
Past
October 5, 2009 - March 30, 2011
AMERIPRISE FINANCIAL SERVICES, LLC
BD
CRD#: 6363
ST. CHARLES, IL
Past
April 23, 2007 - October 5, 2009
AMERIPRISE ADVISOR SERVICES, INC.
RIA
CRD#: 5979
ST. CHARLES, IL
Past
March 13, 2007 - October 5, 2009
AMERIPRISE ADVISOR SERVICES, INC.
BD
CRD#: 5979
ST. CHARLES, IL
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".
TL
TSFG, LLC
ALCHEMY ADVISORS, LLC | TSFG, LLC | TS FINANCIAL GROUP, LLC | THE ASSOCIATES GROUP | GIBBONS FINANCIAL GROUP, INC. | CAPITAL STREET ADVISORS | ALCHEMY FINANCIAL GROUP
CRD#: 172555 / SEC#: 801-99339
RIA
Registered Investment Advisory firm - (6/3/2015 Approved)Illinois
Registered Investment Advisory firm - (6/3/2015 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
Alabama(7/12/2013)
RR
Alaska(9/2/2025)
RR
Arizona(7/12/2013)
RR
Arkansas(7/12/2013)
RR
California(7/12/2013)
RR
Colorado(7/12/2013)
RR
Connecticut(9/14/2020)
RR
Delaware(11/12/2020)
RR
District of Columbia(7/12/2013)
RR
Florida(7/12/2013)
RR
Georgia(7/12/2013)
RR
Idaho(7/12/2013)
RR
Illinois(12/14/2012)
IAR
Illinois(7/21/2018)
RR
Indiana(7/12/2013)
RR
Iowa(7/12/2013)
RR
Kansas(2/6/2020)
RR
Kentucky(5/6/2020)
RR
Louisiana(7/9/2019)
RR
Maine(12/8/2023)
RR
Maryland(8/2/2024)
RR
Massachusetts(7/12/2013)
RR
Michigan(7/12/2013)
RR
Minnesota(7/12/2013)
RR
Mississippi(8/8/2025)
RR
Missouri(7/12/2013)
RR
Montana(10/14/2020)
RR
Nebraska(7/12/2013)
RR
Nevada(7/12/2013)
RR
New Jersey(7/12/2013)
RR
New Mexico(7/12/2013)
RR
New York(7/12/2013)
RR
North Carolina(12/10/2012)
RR
North Dakota(11/7/2022)
RR
Ohio(7/12/2013)
RR
Oklahoma(5/6/2020)
RR
Oregon(7/12/2013)
RR
Pennsylvania(7/12/2013)
RR
Puerto Rico(9/2/2025)
RR
Rhode Island(6/19/2019)
RR
South Carolina(7/12/2013)
RR
South Dakota(7/12/2013)
RR
Tennessee(7/12/2013)
RR
Texas(7/12/2013)
RR
Utah(7/12/2013)
RR
Virginia(7/12/2013)
RR
Washington(7/12/2013)
RR
West Virginia(5/6/2020)
RR
Wisconsin(7/12/2013)
RR
Wyoming(5/13/2022)
Exams
State Security Law Exam
General Industry/Product Exam
RR
Series 52TO
Date: 1/2/2023
Municipal Securities Representative ExaminationGeneral Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
SRO Registrations
RR
FINRA
Current Firm
TL
TSFG, LLC
ALCHEMY ADVISORS, LLC | TSFG, LLC | TS FINANCIAL GROUP, LLC | THE ASSOCIATES GROUP | GIBBONS FINANCIAL GROUP, INC. | CAPITAL STREET ADVISORS | ALCHEMY FINANCIAL GROUP
CRD#: 172555 / SEC#: 801-99339
RIA
Registered Investment Advisory firm - (6/3/2015 Approved)Illinois
Registered Investment Advisory firm - (6/3/2015 Terminated)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
1052 N Western Avenue, Lake Forest, IL 60045
Mailing Address
Phone number
(847) 735-7100
Established
Firm type
Fiscal year end
# of Employees
18
SEC notice filing (21 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 2,651 |
| AUM (Assets Under Management) | $ 854,306,837 |
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.
