Michael J. Velin
KESTRA ADVISORY SERVICES
Plymouth, MN 55441
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CRD#: 5687208
Professional summary
Michael John Velin, CFP®, CPWA® is a registered financial advisor currently at KESTRA ADVISORY SERVICES, LLC located in Plymouth, Minnesota and KESTRA INVESTMENT SERVICES, LLC located in Plymouth, Minnesota.
Michael is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2010. Michael has worked at 4 firms and has passed the Series 66, SIE and Series 7 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.
Business Name: The KNW Group, LLC Investment Related: Yes Address: 2165 Woodlane Drive, Suite Woodbury MN 55125 Nature of Business: Registered Rep Activities through Kestra Investment Services, LLC using a DBA name; Investment Advisory services through Kestra Advisory Services, LLC Position, Title or Relationship: Employee, Private Wealth Manager in the financial planning department Start Date: 10/20/2010 Hours per month: 91% - 100% (145 - 160 hours) Hours per month during trading hours: 71% - 80% (99 - 112 hours) Duties: Conduct financial planning reviews with current and prospective clients Business Name: Kestra Advisory Services, LLC Investment Related: Yes Address: 5707 Southwest Parkway Building 2, Suite 400 Austin TX 78735 Nature of Business: Investment Advisory services through Kestra Advisory Services, LLC Position, Title or Relationship: Investment Advisor Representative Start Date: 4/4/2016 Hours per month: Up to 100% (0 to 160 hours) Hours per month during trading hours: Up to 100% (0 to 160 hours) Duties: Investment advisory services Business Name: NFP Investment Related: Yes Address: 505 Waterford Park, Highway 169 N., Suite 1100 Plymouth MN 55441 Nature of Business: Registered Rep Activities through Kestra Investment Services, LLC using a DBA name; Investment Advisory services through Kestra Advisory Services, LLC Position, Title or Relationship: Private Wealth Advisor Start Date: 10/15/2010 Hours per month: 100%+ (More than 160 hours) Hours per month during trading hours: Up to 100% (0 to 160 hours) Duties: We oversee the coordination of family's investment planning, insurance planning, tax planning, charitable giving, estate planning, business planning, etc. Business Name: MOUNDS PARK ACADEMY BOYS SOCCER VARSITY HEAD COACH POSITION: Head Coach NATURE: Boys Varsity Soccer Team INVESTMENT RELATED: No NUMBER OF HOURS: 30 SECURITIES TRADING HOURS: 0 START DATE: 08/14/2023 ADDRESS: 2051 Larpenteur Ave E, Saint Paul MN 55109 DESCRIPTION: Coach the boys varsity high school soccer team
CRS (Client Relationship Summary) - RIA
Click below to view Michael John Velin'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®
CFP®
Start date: 2013
CPWA®
Start date: 2019-04-23
Expire date: 2023-03-31
Experience
Current
April 21, 2016 - Present
KESTRA ADVISORY SERVICES, LLC
Office #1: 505 Waterford Park Highway 169 N, Suite 1100, Plymouth, MN 55441Office #3: 8530 Eagle Point Blvd Ste 225, Lake Elmo, MN 55042-8652RIA
CRD#: 283330
Plymouth, MN
Current
November 2, 2010 - Present
KESTRA INVESTMENT SERVICES, LLC
Office #1: 505 Hwy 169 N, Suite 1100, Plymouth, MN 55441BD
CRD#: 42046
Plymouth, MN
Past
September 21, 2010 - October 22, 2010
SECURIAN FINANCIAL SERVICES, INC.
BD
CRD#: 15296
ST. PAUL, MN
Past
September 21, 2010 - October 22, 2010
CRI SECURITIES, LLC
BD
CRD#: 22589
ST. PAUL, MN
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".
KA
KESTRA ADVISORY SERVICES, LLC
KESTRA ADVISORY SERVICES, LLC | NFP ADVISOR SERVICES LLC
CRD#: 283330 / SEC#: 801-56126
RIA
Registered Investment Advisory firm - (12/31/1998 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 them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Arizona(10/16/2015)
RR
California(2/19/2019)
RR
Colorado(11/11/2020)
RR
Florida(1/27/2016)
RR
Georgia(11/28/2018)
RR
Hawaii(11/11/2020)
RR
Illinois(1/25/2022)
RR
Iowa(8/22/2022)
RR
Kentucky(1/25/2022)
RR
Minnesota(11/2/2010)
IAR
Minnesota(4/21/2016)
RR
Missouri(5/23/2013)
RR
New Jersey(1/30/2023)
RR
New Mexico(4/10/2020)
RR
New York(3/13/2018)
RR
North Dakota(9/19/2013)
RR
South Dakota(1/25/2022)
RR
Texas(1/8/2025)
IAR
Texas(2/20/2025)
RR
Virginia(1/9/2020)
RR
Washington(4/19/2023)
RR
Wisconsin(6/6/2011)
Exams
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
KA
KESTRA ADVISORY SERVICES, LLC
KESTRA ADVISORY SERVICES, LLC | NFP ADVISOR SERVICES LLC
CRD#: 283330 / SEC#: 801-56126
RIA
Registered Investment Advisory firm - (12/31/1998 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
5707 Southwest Parkway Building 2, Suite 400, Austin, TX 78735
Mailing Address
Phone number
(844) 553-7872
Established
Firm type
Fiscal year end
# of Employees
1,299
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 155,482 |
| AUM (Assets Under Management) | $ 60,174,309,829 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 12/23/2024 | ||
| 10/20/2023 | ||
| 12/21/2022 |
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.
