Advisor at Sound Income Strategies, LLC
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Firm
Sound Income Strategies, LLC
Location
Clear Lake, IA 50428
Credentials
Series 66
Industry experience
2 years
Michael Donnan is a Series 66-licensed advisor with Sound Income Strategies, LLC, based in Clear Lake, Iowa, and has two years of industry experience. His prior roles include positions at Johnson Wealth & Income Management and OSAIC. Donnan is also involved in fixed insurance sales through Trustworthy Financial, LLC. Sound Income Strategies, LLC manages approximately $4.0 billion in client assets, serving individuals, pension plans, trusts, estates, corporations, and other advisers. The firm offers customized portfolio management with a focus on fixed-income analysis and equity review, utilizing a scalable advisor network and a range of advisory and insurance services.
Based on Sound Income Strategies, LLC
Based on Sound Income Strategies, LLC
Financial planning fees can be fixed fees negotiated in advance per plan
$0+: up to 1.75% annually N/A - N/A: up to 2.0% annually for a limited select group with special needs requiring additional attention
Commissions and trail fees from sale of mutual funds, variable annuities, and insurance products by select IA-Reps registered with affiliated broker-dealer Sound Income Wealth, LLC
Financial planning services hourly fees with a minimum of $300 per plan
Account minimum: $25,000 (may be waived based on client needs and complexity) Fee-only: Asset management fees, financial planning fees charged hourly or fixed fee, no commissions for advisory services
11 Plaza Drive
Clear Lake, IA 50428
Iowa
Sound Income Strategies, LLC
2025 - Present (1 year)
Johnson Wealth & Income Management
2025 - Present (1 year)
OSAIC
2022 - 2025 (3 years)
Financial Planning Association of Eastern Iowa
2021 - 2022 (1 year)
Bosh Financial
2019 - 2019 (1 year)
University of Northern Iowa
2018 - 2021 (3 years)
ClickStop INC
2017 - 2017 (1 year)
Solon High School
2014 - 2018 (4 years)
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Lawyer
They provide legal services, typically billed separately.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Series 65, Series 66
Clear Lake, IA
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