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Steven Handeland

Principal Securities, INC.
42 Years of Experience
Grand Rapids, MI
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Steven Handeland is a ChFC-designated registered investment advisor at Principal Securities, INC., based in Grand Rapids, MI, with 42 years of industry experience. Steven 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 51,941 clients with $17B in assets under management.

Principal Securities, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1709 advisors
Number of Clients
51,941 clients
Average Client Portfolio
$328K average
Assets Under Management
$17.0B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $150K1.75%
$150K - $250K1.75%
$250K - $500K1.75%
$500K - $1000K1.20%
$1M+1.10%

Fees are negotiable and collected quarterly in arrears. Schedule reflects the SEI Managed Account Solutions program maximum fees. Other programs utilize promoter fees ranging from 0.07% to 1.50% or asset-based fees up to 1.95%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

3196 Kraft Ave SE, Ste 101, Grand Rapids, MI, 49512

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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
May 2018
Closed-No Action
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Steven sells fixed insurance products, including life insurance, annuities, and disability insurance. He also serves as President of the Burgess Lake Homeowners Association, dedicating minimal time to this role.

Employment History
Current Registrations
Principal Securities, INC.
October 2023 - Present · 3 yrs
Principal Securities, INC.Broker
October 2023 - Present · 3 yrs
Previous Registrations
Principal Securities, INC.
March 2010 - October 2023 · 13 yrs 7 mos
Principal Securities, INC.Broker
April 1992 - October 2023 · 31 yrs 6 mos
Monarch Securities, INC.Broker
August 1988 - April 1992 · 3 yrs 8 mos
John Hancock Distributors, INC.Broker
March 1984 - August 1988 · 4 yrs 5 mos
John Hancock Mutual Life Insurance CompanyBroker
March 1984 - August 1988 · 4 yrs 5 mos
State Registrations28 states
ALAZCACOCTDEFLGAIAILINKYMDMIMNMONCNJNVOHOKPASCTXUTVAWAWI
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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