DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Registered advisor

Michael Stephen Frazier

Empower Advisory Group, LLCBD affiliatedGreenwood Village, Co IA-onlyIAPD 4938318

Certified Financial Planner

Feed of 09/14/2026

Also filed as Michael Stephen Frazier

At current firm

0 y

since Jul 21, 2026

In the industry

21 y

since Jun 29, 2005 (earliest exam, job or registration)

Prior registered firms

IAPD previous registrations

State registrations

current, as an IAR

Firms today

current registrations

Exams

S66

IA exams only

Book size

not public

not estimated here

Signals

dated events on this person

Registration history

IAPD current and previous registrations

Empower Advisory Group, LLC BD affiliated current
since Jul 21, 2026 · Greenwood Village, Co
Merrill Lynch, Pierce, Fenner & Smith Incorporated wirehouse
Mar 6, 2023 to Feb 21, 2024 · Scottsdale, Az
Vanguard Advisers, Inc. BD affiliated
May 23, 2017 to Feb 1, 2022 · Scottsdale, Az
Usaa Financial Planning Services former
Feb 18, 2010 to May 5, 2017 · Colorado Springs, Co
Key Investment Services LLC BD affiliated
Mar 12, 2009 to Jan 22, 2010 · Denver, Co
Securian Financial Services, Inc. former
Nov 22, 2005 to Feb 11, 2009 · Englewood, Co

Moves

a registration end followed by a registration begin elsewhere

Merrill Lynch, Pierce, Fenner & Smith Incorporated to Empower Advisory Group, LLC
left Feb 21, 2024, registered Jul 21, 2026 (881 days) · Wirehouse to affiliated broker-dealer or bank
Vanguard Advisers, Inc. to Merrill Lynch, Pierce, Fenner & Smith Incorporated
left Feb 1, 2022, registered Mar 6, 2023 (398 days) · Affiliated broker-dealer or bank to wirehouse
Usaa Financial Planning Services to Vanguard Advisers, Inc.
left May 5, 2017, registered May 23, 2017 (18 days) · Other
Key Investment Services LLC to Usaa Financial Planning Services
left Jan 22, 2010, registered Feb 18, 2010 (27 days) · Other
Securian Financial Services, Inc. to Key Investment Services LLC
left Feb 11, 2009, registered Mar 12, 2009 (29 days) · Other

Signals

Michael Stephen Frazier left Merrill Lynch, Pierce, Fenner & Smith Incorporated for Empower Advisory Group, Llc (registered 2026-07-21)
Feb 21, 2024 · Advisor changed firm · fact
Michael Stephen Frazier left Vanguard Advisers, Inc. for Merrill Lynch, Pierce, Fenner & Smith Incorporated (registered 2023-03-06)
Feb 1, 2022 · Advisor changed firm · fact

Transition signals

Mobility scoring is not published yet. The observable conditions this page will draw on once the historical validation is done: tenure, the firm’s own departures and ownership changes, new state registrations, a new adviser entity with this person on Schedule A, and colleagues’ moves. Until precision and lead time are measured on known moves, no label is printed. Read the methodology.

Provenance

Source: IAPD individual compilation feedreportedadviserinfo.sec.gov
Firm class: Broker-dealer affiliated wealth managerderived
Years in industry: 21derivedfrom the earliest dated exam, employment or registration
Not published: disclosure flags, outside business text, branch street address