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Paul Hennen

LPL Financial LLC
44 Years of Experience
White Bear Lake, MN
1 DisclosureBroker
View SEC Summary
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Paul Hennen is a registered investment advisor at LPL Financial LLC, based in White Bear Lake, MN, with 44 years of industry experience. Paul is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

4524 Highway 61 N, White Bear Lake, MN, 55110

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Employment Separation After Allegations
December 2006
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Other Business Activities

Paul operates his LPL business under multiple DBAs, including North Oaks Financial Services, Financial Consulting Services, Inc., and North Oaks Wealth Management. He spends about a quarter of his time, including trading hours, on these investment-related activities.

Employment History
Current Registrations
LPL Financial LLC
November 2021 - Present · 4 yrs 11 mos
LPL Financial LLCBroker
November 2021 - Present · 4 yrs 11 mos
Previous Registrations
Harbour Investments, INC.
January 2013 - November 2021 · 8 yrs 10 mos
Harbour Investments, INC.Broker
November 2012 - November 2021 · 9 yrs
National Securities CorporationBroker
July 2007 - November 2012 · 5 yrs 4 mos
Intersecurities, INC.Broker
June 2007 - July 2007 · 1 mo
Securities Service Network, INC.Broker
December 2006 - June 2007 · 6 mos
First Montauk Securities CORP.Broker
July 1995 - January 2007 · 11 yrs 6 mos
John G. Kinnard and Company, IncorporatedBroker
November 1988 - July 1995 · 6 yrs 8 mos
Iri Securities CorporationBroker
January 1985 - November 1988 · 3 yrs 10 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
May 1982 - January 1985 · 2 yrs 8 mos
State Registrations3 states
FLMNND
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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