ME
Michael L. Escobar
CETERA INVESTMENT ADVISERS LLC
COLLEYVILLE, TX 76034
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CRD#: 5743023
ME
Professional summary
Michael Lee Escobar is a registered financial advisor currently at CETERA INVESTMENT ADVISERS LLC located in Colleyville, Texas and CETERA WEALTH SERVICES, LLC located in Colleyville, Texas.
Michael is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2011. Michael has worked at 8 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.
1) RETIRE GUIDES, LLC POSITION: Manager NATURE: This name is for DBA purposes and attainted the LLC so that I would not lose my dba. This business serves as the main name held to the public which provides financial service advice, investment purchases, tax preparation, and over all retirement planning. INVESTMENT RELATED: Yes NUMBER OF HOURS: 120 SECURITIES TRADING HOURS: 120 START DATE: 11/10/2020 ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034 DESCRIPTION: This is the name I operate my financial service company underas main financial advisor , and my role is, provide investment advice,make investment purchases for clients.Prepare financial plansmonitor trades,oversee customer client needs. Prepare tax returns as an added service for some clients, my PTIN is P03113689 2) ESCOBAR FINANCIAL GROUP, INC.; POSITION: President NATURE: This is an S Corp. that was formed for tax purposes and to hold other assets in it such as a home, vehicle, or any other assets that are owned by the business. INVESTMENT RELATED: No NUMBER OF HOURS: 5 SECURITIES TRADING HOURS: 2 START DATE: 09/21/2012; ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034, United States; DESCRIPTION: My main role is maintaining the books for accounting purposes. 3) THE ADVISOR GROUP POSITION: Insurance Agent NATURE: Servicing as an insurance agent with medicare supplements and other insurance lines. INVESTMENT RELATED: No NUMBER OF HOURS: 10 SECURITIES TRADING HOURS: 5 START DATE: 10/15/2005 ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034 DESCRIPTION: Just as agent of record, and updating current rates. 4) RENTAL PROPERTY POSITION: Owner NATURE: This is a secondary home being turned into an AirBnb. INVESTMENT RELATED: Yes NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 0 START DATE: 01/17/2023 ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034 DESCRIPTION: Overseeing its income and expenses. 5) AM BIZ REALTY, LLC POSITION: Part Owner NATURE: This is for partial ownership of a property with my wife, and her dad Gregory Bizaillion, and myself. My part will be to provide some funding and minimal oversight' Rental property do confirm that AM BIZ Realty LLC cannot be offered to clients or potential clients. INVESTMENT RELATED: Yes NUMBER OF HOURS: 5 SECURITIES TRADING HOURS: 0 START DATE: 03/15/2023 ADDRESS: 1340 Rocky Springs Trl., Haslet TX 76052 DESCRIPTION: My role will be to manage the P&L's as well as provide some funding, otherwise maybe minimal oversight. 8)MILAM LAW FIRM POSITION: None- affiliated through broker/dealer NATURE: Milam law firm owner Josh Milam is also a financial advisor who is with Avantax and does sometimes split client cases through a joint work. Michael Escobar has no direct relationship with Milam law firm nor do I do any work in Milam law firm. INVESTMENT RELATED: No NUMBER OF HOURS: 5 SECURITIES TRADING HOURS: 5 START DATE: 05/01/2024 ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034 DESCRIPTION: Wealth management clients myself acting on the wealth management side, Josh acting on behalf of the legal side.
CRS (Client Relationship Summary) - RIA
Click below to view Michael Lee Escobar'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
September 5, 2025 - Present
CETERA INVESTMENT ADVISERS LLC
Office #1: 6513 Colleyville Blvd Suite 100, Colleyville, TX 76034RIA
CRD#: 105644
COLLEYVILLE, TX
Current
September 5, 2025 - Present
CETERA WEALTH SERVICES, LLC
Office #1: 6513 Colleyville Blvd Suite 100, Colleyville, TX 76034BD
CRD#: 13572
COLLEYVILLE, TX
Past
May 18, 2022 - September 5, 2025
AVANTAX INVESTMENT SERVICES, INC.
BD
CRD#: 13686
COLLEYVILLE, TX
Past
May 17, 2022 - September 5, 2025
AVANTAX ADVISORY SERVICES
RIA
CRD#: 104556
COLLEYVILLE, TX
Past
April 14, 2015 - May 18, 2022
OSAIC SERVICES, INC.
RIA
CRD#: 133763
COLLEYVILLE, TX
Past
March 9, 2015 - May 18, 2022
OSAIC SERVICES, INC.
BD
CRD#: 133763
COLLEYVILLE, TX
Past
October 1, 2014 - February 23, 2015
SUMMIT BROKERAGE SERVICES, INC.
BD
CRD#: 34643
KELLER, TX
Past
August 15, 2014 - September 17, 2014
LPL FINANCIAL LLC
BD
CRD#: 6413
FORT MILL, SC
Past
June 13, 2011 - August 22, 2014
MUTUAL OF OMAHA INVESTOR SERVICES, INC.
RIA
CRD#: 611
ARLINGTON, TX
Past
January 25, 2011 - August 22, 2014
MUTUAL OF OMAHA INVESTOR SERVICES, INC.
BD
CRD#: 611
ARLINGTON, 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".
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 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
Arkansas(9/5/2025)
RR
California(9/5/2025)
RR
Florida(9/5/2025)
RR
Hawaii(9/5/2025)
RR
Illinois(9/5/2025)
RR
Indiana(9/5/2025)
RR
Louisiana(9/5/2025)
RR
Maryland(9/5/2025)
RR
Nevada(9/5/2025)
RR
Oklahoma(9/5/2025)
RR
Oregon(10/8/2025)
RR
Texas(9/5/2025)
IAR
Texas(9/5/2025)
RR
Washington(9/5/2025)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
CI
CETERA INVESTMENT ADVISERS LLC
CETERA ADVISOR NETWORKS | TERRA FINANCIAL PLANNING GROUP LTD | GENWORTH FINANCIAL ADVISERS CORPORATION | FIRST ALLIED ADVISORY SERVICES | CETERA INVESTMENT ADVISERS LLC | CETERA ADVISORS
CRD#: 105644 / SEC#: 801-20406
RIA
Registered Investment Advisory firm - (1/13/1984 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
1450 American Lane 6th Floor, Suite 650, Schaumburg, IL 60173-2096
Mailing Address
Phone number
(310) 257-7880
Established
Firm type
Fiscal year end
# of Employees
7,705
SEC notice filing (53 States and Territories)
Regulatory assets under management
| Total Number of Accounts | 584,487 |
| AUM (Assets Under Management) | $ 163,792,814,520 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 10/27/2025 | ||
| 12/13/2024 | ||
| 09/26/2023 | ||
| 11/18/2022 |
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.
