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Duncan Mcrae

LPL Financial LLC
41 Years of Experience
Rapid City, SD
1 DisclosureBrokerSells Insurance
View SEC Summary
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Duncan Mcrae is a registered investment advisor at LPL Financial LLC, based in Rapid City, SD, with 41 years of industry experience. Duncan 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

1136 Jackson Blvd Ste 2, Rapid City, SD, 57702

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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.
Customer Dispute
June 2011
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Duncan operates McRae Financial LLC as a DBA for his LPL business since 2008. He also works with ICAG Insurance Agency selling non-variable insurance, dedicating minimal time to this activity.

Employment History
Current Registrations
LPL Financial LLC
November 2017 - Present · 8 yrs 11 mos
LPL Financial LLCBroker
November 2017 - Present · 8 yrs 11 mos
Previous Registrations
Investment Centers of America, INC.
August 1997 - November 2017 · 20 yrs 3 mos
Royal Alliance Associates, INC.Broker
November 1989 - August 1990 · 9 mos
Integrated Resources Equity CorporationBroker
May 1988 - November 1989 · 1 yr 6 mos
Investment Centers of America, INC.Broker
January 1988 - November 2017 · 29 yrs 10 mos
Walnut Street Securities, INC.Broker
July 1986 - March 1988 · 1 yr 8 mos
Pruco Securities CorporationBroker
January 1986 - June 1986 · 5 mos
Pruco Securities CorporationBroker
October 1983 - June 1984 · 8 mos
State Registrations30 states
ARAZCACOFLIAIDILKSMAMDMNMTNCNDNENJNMNVNYOHOKORSDTNTXUTVAWAWY
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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