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Michael Dane Despain Sr.

STATE FARM VP MANAGEMENT
BLOOMINGTON, IL
·CRD# 5571793·17 years experience

Professional Summary

Michael Dane Despain SR., who also goes by Michael D Despain, Michael Dane Despain Sr, Mike Despain, is a registered financial advisor currently at STATE FARM VP MANAGEMENT CORP. located in Bloomington, Illinois. Michael is registered as a RR (Registered Representative) and started their career in finance in 2009. Michael has worked at 3 firms and has passed the Series 65, Series 63, SIE, Series 7 and Series 6 exams.

At a Glance

Best-Interest Standard

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Fiduciary Standard

Fee Structure

Account Minimum

Active Clients

Other Aliases

Michael D Despain, Michael Dane Despain Sr, Mike Despain

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Videos & Posts

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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

17 years in the financial services industry

Current & Past Employments

STATE FARM VP MANAGEMENT CORP.·CRD# 43036
BD
One State Farm Plaza, Bloomington, IL 61710-0001
June 4, 2013 - Present
WELLS FARGO CLEARING SERVICES, LLC·CRD# 19616
RIA
The Woodlands, TX
June 13, 2011 - November 21, 2012
WELLS FARGO CLEARING SERVICES, LLC·CRD# 19616
BD
The Woodlands, TX
April 8, 2011 - November 21, 2012
FARMERS FINANCIAL SOLUTIONS, LLC·CRD# 103863
BD
Houston, TX
April 27, 2009 - June 1, 2009

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Current Firm

SF
STATE FARM VP MANAGEMENT CORP.

STATE FARM VP MANAGEMENT CORP.

CRD#: 43036 / SEC#: 8-50128
BD
Broker-Dealer Firm Regulated by FINRA (Chicago district office)

Contact Information

Main Address

One State Farm Plaza, Bloomington, IL 61710-0001

Mailing Address

One State Farm Plaza, Bloomington, IL 61710-0001

Phone Number

(833) 430-8518

Established

Delaware since 11/27/1996

Firm Type

Corporation

Fiscal Year End

December

Firm Size

Large

FINRA licenses (51 States and Territories)

Registered to provide investment advisory services in 0 US states and territories.

Documents

Customer Relationship Summary (CRS / FINRA)

Direct owners and executive officers

NamePositionCRD#
STATE FARM INVESTMENT MANAGEMENTSHAREHOLDER3487
COOK, KRISTYNEXECUTIVE VICE PRESIDENT AND DIRECTOR4215717
FARNEY, JON CHARLESPRESIDENT AND DIRECTOR2839964
GHANBARPOUR, ARASHVICE PRESIDENT AND DIRECTOR5129325
HINTZ, SCOTT ALEXANDERVICE PRESIDENT - FINANCIAL AND SECRETARY2004555
KRISCHEL, AMY LYNNASSISTANT VICE PRESIDENT4810392
LUDWIG, TERRENCE MICHAELCHIEF COMPLIANCE OFFICER AND TREASURER3231040
MINEAU, SARAHSENIOR VICE PRESIDENT AND DIRECTOR4634160
MONTGOMERY, BRADLEY DOYLESENIOR VICE PRESIDENT AND DIRECTOR2913835
PRESTON, BRIAN LYNNANTI-MONEY LAUNDERING AND OFFICE OF FOREIGN ASSETS CONTROL COMPLIANCE OFFICER4312143
WIEDUWILT, ANDREW PATRICKVICE PRESIDENT8074278
WILLARD, DANIEL NELSONASSISTANT SECRETARY AND COUNSEL5207081

Disclosures

Regulatory Event

7

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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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State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.
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
Texas
(6/27/2013)

Exams

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

Series 65 — Uniform Investment Adviser Law Examination

Passed Jun 2011About the Series 65 exam

Series 63 — Uniform Securities Agent State Law Examination

Passed Jan 2009About the Series 63 exam

SIE — Securities Industry Essentials Examination

Passed Oct 2018About the SIE exam

Series 7 — General Securities Representative Examination

Passed Apr 2011About the Series 7 exam

Series 6 — Investment Company Products/Variable Contracts Representative Examination

Passed Apr 2009About the Series 6 exam
FINRA
SRO Registrations

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CRS (Client Relationship Summary) - BD

Click below to view Michael Dane Despain SR.'s CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

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