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Michael Dane Despain

State Farm VP Management Corp.

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About Michael Dane Despain

Michael Despain is a financial advisor registered with State Farm VP Management Corp. Michael is licensed in Texas. Michael has been working in the financial services industry since September 12, 2011. Prior to joining State Farm VP Management Corp., Michael was employed by WELLS FARGO ADVISORS, LLC and FARMERS FINANCIAL SOLUTIONS, LLC. Michael is a Series 6, 7, and 63 licensed advisor. Michael holds the SIE, Series 6, Series 7, and Series 63 securities licenses and also passed the Uniform Investment Adviser Law Examination.

Firm Information

Michael Despain is currently registered with State Farm VP Management Corp.. State Farm VP Management Corp. is a corporation formed in 1996 and approved to operate in all 50 states and the District of Columbia. The firm has one approved SEC registration and 51 approved state registrations.

Not reported

Assets Under Management

Not reported

Total Clients

5,459

Total Financial Advisors

Services Offered

Advisors offer a broad range of advisory services designed to meet the unique needs of individuals, businesses, and investment companies. These services provide professional guidance and personalized strategies to help clients achieve their financial goals.

Fee Structure

Advisors may be compensated through a variety of fee structures, offering flexibility and transparency. This allows clients to choose the arrangement that best aligns with their financial objectives.

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Michael Despain’s Registration & Firm History

TX

06/04/2013 - Present

State Farm VP Management Corp. (RICHARDSON TX)

TX

04/08/2011 - 11/21/2012

WELLS FARGO ADVISORS, LLC (THE WOODLANDS TX)

TX

04/27/2009 - 06/01/2009

FARMERS FINANCIAL SOLUTIONS, LLC (HOUSTON TX)

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Licenses & Designations

IA

Issued 06/10/2011

Series 65 - Uniform Investment Adviser Law Examination

BC

Issued 01/29/2009

Series 63 - Uniform Securities Agent State Law Examination

BC

Issued 10/01/2018

SIE - Securities Industry Essentials Examination

BC

Issued 04/07/2011

Series 7 - General Securities Representative Examination

BC

Issued 04/23/2009

Series 6 - Investment Company Products/Variable Contracts Representative Examination

State Registrations

Active

Inactive

SRO Registrations

F

FINRA

Disclosures

There is public disclosure for Michael Dane Despain. Review regulatory record here.
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