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CFP
RS
CFP

Robert Schermerhorn

LPL Financial LLC
43 Years of Experience
Saratoga Springs, NY
BrokerSells Insurance
View SEC Summary
View SEC Summary

Robert Schermerhorn is a CFP-designated registered investment advisor at LPL Financial LLC, based in Saratoga Springs, NY, with 43 years of industry experience. Robert 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
—
View Full SEC Brochure

Location

18 Division Street, Ste 305, Saratoga Springs, NY, 12866

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Robert operates Saratoga Financial Services LLC, a DBA for his LPL business, since 2012, and spends full-time on insurance sales. He also engages in real estate rental through RMS Realty Group Ventures LLC, dedicating minimal time.

Employment History
Current Registrations
LPL Financial LLC
September 2020 - Present · 6 yrs 1 mo
LPL Financial LLCBroker
May 1994 - Present · 32 yrs 5 mos
Previous Registrations
Nathan & Lewis Securities, INC.Broker
November 1983 - May 1994 · 10 yrs 6 mos
First Investors CorporationBroker
September 1982 - March 1983 · 6 mos
State Registrations27 states
AZCACOCTDCFLGAIAIDILKYMAMDMENCNJNVNYOKORPASCUTVAVTWAWI
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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