Emerson DD / Irvine Advisors · CRD 5989109
Michael Gregory Culwell
Emerson Equity Irvine. CRD 5989109. Firm bio: due-diligence team and supervising principal. Commissioned seller on Astoria, Element, Grant Street, Tuscany Place. Two DST/DPP settlements.
Emerson Equity since 8 Nov 2013 — Irvine branch, 9940 Research Drive. Series 24. U4 also lists Irvine Advisors, LLC, member since Jan 2015 (not investment-related on the U4; Carlson recap of the firm site: supervising principal, “part of the Due Diligence team at Emerson Equity,” supervises 15+ registered reps, alt products including DSTs). DBA also listed as Schanna Financial & Insurance.
Commissioned seller on Astoria, Element, Grant Street, Tuscany Place. Molly Barr Form D lists “Mike Culwell” as CRD 5989101, which has no BrokerCheck record. 5989109 is this person; treat 5989101 as a typo.
Prior: ARI Financial; Xnergy; Dimirak; Heritage Financial Systems.
BrokerCheck as of 20 Aug 2026: 5 customer disputes (3 pending, 2 settled).
- Settled 30 Sep 2025: $185,000 (FINRA 24-01428). Alleged $444,000. Product: Delaware Statutory Trust. Elder-abuse among the arbitration counts.
- Settled 28 Jul 2021: $130,000 (FINRA 21-00346); his contribution $21,666.67. 2018 DPP/LP. His line: he was invested in the product himself.
- Three pending Real Estate Security claims (2025–26), including FINRA 25-01880 and a $300,000 2018-purchase matter (25-00533). KlaymanToskes, counsel on one filing, named Madison Realty Senior Care CO Aspen House DST — not this book.