Drake Zimmerman is a CFA, CFP-designated registered investment advisor at LPL Financial LLC, based in Normal, IL, with 43 years of industry experience. Drake 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.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.50% |
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
Location
1100 Beech St., Bldg 9, Normal, IL, 61761
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Regulatory History
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.
Learn about disclosures →Other Business Activities
Drake is involved in several business activities, including The Drake Zimmerman Group, Zimmerman & Armstrong Tax Services, and Zimmerman and Armstrong Investment Advisors. He also serves as a board member for the McLean County Zoning Board of Appeals and passed the Iowa bar in 1981.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Cetera Advisors LLCBroker
Cetera Investment Advisers LLC
First Allied Advisory Services, INC.
Zimmerman & Armstrong Investment Advisors
First Allied Securities, INC.
First Allied Securities, INC.Broker
First Allied Securities, INC.Broker
First Affiliated SecuritiesBroker
First Affiliated Securities, INC.Broker
A. G. Edwards & Sons, INC.Broker
Edward D. Jones & CO., L.P.Broker
State Registrations43 states
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
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