MB

Michael Richard Becht

28 Years of Experience

Firm Information

Compensation
Fee-Only (AUM)Fixed/Hourly
Number of Advisors
16 advisors
Number of Clients
1,930 clients
Average Client Portfolio
$169K average
Assets Under Management
$326.6M

Fee Structure

Investment management fees range from 0.0% to 2.00% annually, based on the complexity of services, level of assets, and overall relationship. Fees are negotiable. Clients may also pay advisory fees to Independent Managers, with the total fee not exceeding 3% annually. For selection of other advisors through a solicitor arrangement, Silver Grove shares in the advisory fee paid by the client directly to the third-party money manager. Financial planning fees may be higher if an estate planning or tax preparation package is needed.

Areas of Practice
Investment ManagementRetirement PlanningEstate PlanningFinancial Planning & Coaching
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Advisor Information

Office location

400 Sterling Drive, Orchard Park, NY, 14127

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Regulatory History (1)
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.
Customer Dispute
October 2015
Denied
Other Business ActivitiesSells Insurance

Michael sells non-variable insurance, dedicating minimal time to it. He also operates under the DBAs Michael R Becht, LLC and Silver Grove Financial Group, Inc. for his LPL business and provides investment advisory services through Silver Grove Advisory Services, spending nearly full-time hours on these activities.

Employment History
Current Registrations
Silver Grove Advisory Services
February 2025 - Present · 11 mos
LPL Financial LLC Broker
February 2025 - Present · 11 mos
Previous Registrations
Next Financial Group, INC.
March 2012 - February 2025 · 12 yrs 11 mos
Next Financial Group, INC. Broker
December 2005 - February 2025 · 19 yrs 2 mos
M&t Securities, INC.Broker
November 2003 - November 2005 · 2 yrs
Merrill Lynch Pierce Fenner & Smith INC.
January 2001 - November 2003 · 2 yrs 10 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated Broker
August 1997 - November 2003 · 6 yrs 3 mos
State Registrations10 states
AZCACOFLMINCNYOHSCTX
AdvisorBrokerBoth
Exams
No exam information available for this advisor.
Michael Richard Becht - Financial Advisor | AdvisorDiscover