MG

Michael Leonard Gorman

28 Years of Experience

Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
20 advisors
Number of Clients
1,561 clients
Average Client Portfolio
$183K average
Assets Under Management
$285.4M

Fee Structure

Minimum Investment:$5K
AUM-Based Fees (Tiered)
Assets Under ManagementAnnual Fee
Up to $250K2.00%
$250K - $500K1.75%
$500K - $1.0M1.50%
$1M+1.25%

Fees are negotiable.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
Hourly Rate:$250 - $750/hr

Financial planning fees range from $250 to $750 per hour and are negotiable. Asset management fees are billed monthly, quarterly, or annually, based on asset value. The standard fee schedule is up to 2.0% on accounts up to $250,000, up to 1.75% on accounts over $250,000 and up to $500,000, up to 1.5% on accounts over $500,000 and up to $1,000,000, and up to 1.25% on accounts above $1,000,000. Retirement plan consulting fees vary, typically $500 to $1,000 per month. MCA may receive a portion of fees from third-party money manager referrals.

Areas of Practice
Investment ManagementRetirement PlanningFinancial Planning & Coaching
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Advisor Information

Office location

Pearland, TX

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Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Regulatory
September 2014
Final
Customer Dispute
April 2013
Denied
Employment History
Current Registrations
Modern Capital Advisors, LLC
January 2022 - Present · 4 yrs
Previous Registrations
Modern Capital Advisors, LLC
March 2015 - December 2021 · 6 yrs 9 mos
Liberty Partners Financial Services, LLCBroker
January 2015 - October 2025 · 10 yrs 9 mos
Liberty Partners Financial Services, LLCBroker
August 2014 - December 2014 · 4 mos
Ameriprise Financial Services, INC.
May 2009 - August 2014 · 5 yrs 3 mos
Ameriprise Financial Services, INC. Broker
May 2009 - August 2014 · 5 yrs 3 mos
Citigroup Global Markets INC. Broker
April 2002 - May 2009 · 7 yrs 1 mo
Citigroup Global Markets INC.
February 1998 - May 2009 · 11 yrs 3 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker
February 1998 - April 2002 · 4 yrs 2 mos
Chubb Securities CorporationBroker
January 1997 - December 1997 · 11 mos
State Registrations1 state
TX
Advisor
Exams
No exam information available for this advisor.
Michael Leonard Gorman - Financial Advisor | AdvisorDiscover