Michael Lee Escobar

Employer firm

Cetera Investment Advisers LLC CRD 105644

$257B regulatory AUM 24,019 advisory clients

Reported services (Item 5G)

• Financial planning
• Portfolio management (individuals)
• Portfolio management (institutions)
• Pension consulting
• Selection of other advisers
• Educational seminars

From the firm’s Form ADV. Read the guides:

• Item 5F — Regulatory AUM
• Item 5G — Advisory services
• Full firm profile

Current Employers

Employment History

• 03/2015 → 05/2022
  Sagepoint Financial, Inc
  Keller, TX
• 11/2020 → Present
  Retire Guides, Llc
  Colleyville, TX
• 05/2022 → 09/2025
  Avantax Investment Services, Inc
  Colleyville, TX
• 05/2022 → 09/2025
  Avantax Advisory Services
  Colleyville, TX
• 05/2022 → 07/2022
  Avantax Insurance Agecnyy, Llc
  Colleyville, TX
• 05/2022 → 09/2025
  Avantax Insurance Agency And/Or Avantax Insurance Services
  Colleyville, TX
• 09/2025 → Present
  Cetera Wealth Services, Llc
  Colleyville, TX
• 09/2025 → Present
  Cetera Investment Advisers Llc
  Schaumburg, IL

Previous Registrations

• 2022-05-17 → 2025-09-05
  Avantax Advisory Services
  Colleyville, TX
  Haslet, TX
• 2015-04-14 → 2022-05-18
  Osaic Services, Inc.
  Colleyville, TX
  Colleyville, TX
  Fort Worth, TX
  Keller, TX
  Scottsdale, AZ
  Colleyville, TX
• 2011-06-13 → 2014-08-22
  Mutual Of Omaha Investor Services, Inc.
  Irving, TX

Other Businesses

1) RETIRE GUIDES, LLC POSITION: Manager NATURE: This name is for DBA purposes and attainted the LLC so that I would not lose my dba. This business serves as the main name held to the public which provides financial service advice, investment purchases, tax preparation, and over all retirement planning. INVESTMENT RELATED: Yes NUMBER OF HOURS: 120 SECURITIES TRADING HOURS: 120 START DATE: 11/10/2020 ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034 DESCRIPTION: This is the name I operate my financial service company underas main financial advisor , and my role is, provide investment advice,make investment purchases for clients.Prepare financial plansmonitor trades,oversee customer client needs. Prepare tax returns as an added service for some clients, my PTIN is P03113689 2) ESCOBAR FINANCIAL GROUP, INC.; POSITION: President NATURE: This is an S Corp. that was formed for tax purposes and to hold other assets in it such as a home, vehicle, or any other assets that are owned by the business. INVESTMENT RELATED: No NUMBER OF HOURS: 5 SECURITIES TRADING HOURS: 2 START DATE: 09/21/2012; ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034, United States; DESCRIPTION: My main role is maintaining the books for accounting purposes. 3) THE ADVISOR GROUP POSITION: Insurance Agent NATURE: Servicing as an insurance agent with medicare supplements and other insurance lines. INVESTMENT RELATED: No NUMBER OF HOURS: 10 SECURITIES TRADING HOURS: 5 START DATE: 10/15/2005 ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034 DESCRIPTION: Just as agent of record, and updating current rates. 4) RENTAL PROPERTY POSITION: Owner NATURE: This is a secondary home being turned into an AirBnb. INVESTMENT RELATED: Yes NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 0 START DATE: 01/17/2023 ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034 DESCRIPTION: Overseeing its income and expenses. 5) AM BIZ REALTY, LLC POSITION: Part Owner NATURE: This is for partial ownership of a property with my wife, and her dad Gregory Bizaillion, and myself. My part will be to provide some funding and minimal oversight' Rental property do confirm that AM BIZ Realty LLC cannot be offered to clients or potential clients. INVESTMENT RELATED: Yes NUMBER OF HOURS: 5 SECURITIES TRADING HOURS: 0 START DATE: 03/15/2023 ADDRESS: 1340 Rocky Springs Trl., Haslet TX 76052 DESCRIPTION: My role will be to manage the P&L's as well as provide some funding, otherwise maybe minimal oversight. 8)MILAM LAW FIRM POSITION: None- affiliated through broker/dealer NATURE: Milam law firm owner Josh Milam is also a financial advisor who is with Avantax and does sometimes split client cases through a joint work. Michael Escobar has no direct relationship with Milam law firm nor do I do any work in Milam law firm. INVESTMENT RELATED: No NUMBER OF HOURS: 5 SECURITIES TRADING HOURS: 5 START DATE: 05/01/2024 ADDRESS: 6513 Colleyville Blvd, Suite 100, Colleyville TX 76034 DESCRIPTION: Wealth management clients myself acting on the wealth management side, Josh acting on behalf of the legal side.

Exams

• S65 Uniform Investment Adviser Law Examination
  2011-05-27
• S63 Uniform Securities Agent State Law Examination
  2011-02-13