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Philip Arnheiter

LPL Financial LLC
41 Years of Experience
Red Bank, NJ
4 DisclosuresBroker
View SEC Summary
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Philip Arnheiter is a registered investment advisor at LPL Financial LLC, based in Red Bank, NJ, with 41 years of industry experience. Philip 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

10 Broad St., Suite 202, Red Bank, NJ, 07701

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History

Regulatory History (4)
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
April 2016
Denied
Customer Dispute
January 2015
Denied
Customer Dispute
October 2014
Settled
Customer Dispute
September 2002
Settled
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Philip operates Gladstone Advisors as a DBA for his LPL business and owns real estate rental property. He also works as an actor and is a charter boat captain through his LLC, spending about 10-20% of his time on the latter.

Employment History
Current Registrations
LPL Financial LLC
August 2019 - Present · 7 yrs 2 mos
LPL Financial LLCBroker
August 2019 - Present · 7 yrs 2 mos
Previous Registrations
Capitol Securities Management, INC.
August 2015 - August 2019 · 4 yrs
Capitol Securities Management, INC.Broker
August 2015 - August 2019 · 4 yrs
Oppenheimer & CO. INC.
November 2011 - September 2015 · 3 yrs 10 mos
Oppenheimer & CO. INC.Broker
October 2011 - September 2015 · 3 yrs 11 mos
Wells Fargo Advisors Financial Network, LLC
March 2006 - November 2011 · 5 yrs 8 mos
Wells Fargo Advisors Financial Network, LLCBroker
March 2006 - November 2011 · 5 yrs 8 mos
Morgan Stanley
June 2002 - April 2006 · 3 yrs 10 mos
Morgan Stanley Dw INC.Broker
January 1998 - April 2006 · 8 yrs 3 mos
Prudential Securities IncorporatedBroker
July 1994 - January 1998 · 3 yrs 6 mos
First Fidelity Brokers, INC.Broker
May 1986 - July 1994 · 8 yrs 2 mos
Wall Street Clearing CompanyBroker
September 1984 - April 1986 · 1 yr 7 mos
State Registrations11 states
FLMANCNJNYPASCTXVAVTWV
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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