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CFP
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CFP

Russell Anderson

LPL Enterprise, LLC
37 Years of Experience
West Palm Beach, FL
1 DisclosureBrokerSells Insurance
View SEC Summary
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Russell Anderson is a CFP-designated registered investment advisor at LPL Enterprise, LLC, based in West Palm Beach, FL, with 37 years of industry experience. Russell is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Divorce Planning, Education Planning, Estate Planning, Insurance Planning, and 3 more. Their firm serves 102,563 clients with $25B in assets under management.

LPL Enterprise, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
3138 advisors
Number of Clients
102,563 clients
Average Client Portfolio
$243K average
Assets Under Management
$24.9B

Fee Structure

Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.35%

Maximum advisory fee for Model Wealth Portfolios is 2.35% and is negotiable, plus manager fees ranging from 0% to 0.60%. Third-party asset management fees typically max out at 2.0%.

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

Location

500 S Australian Ave, Suite 600, West Palm Beach, FL, 33401

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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
February 2024
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Russell is the Chairman of the Board for Life Recovery Ministries, a non-profit, spending minimal time on this role. He also uses RM Anderson & Co Inc for sales of group and individual health insurance, spending about 10-20% of his time on this activity.

Employment History
Current Registrations
LPL Enterprise, LLC
November 2024 - Present · 1 yr 11 mos
LPL Enterprise, LLCBroker
November 2024 - Present · 1 yr 11 mos
Previous Registrations
Prudential Financial Planning Services
February 2018 - November 2024 · 6 yrs 9 mos
Pruco Securities, LLC.Broker
January 2018 - November 2024 · 6 yrs 10 mos
MML Investors Services, LLCBroker
March 2017 - January 2018 · 10 mos
MML Investors Services, LLC
March 2017 - January 2018 · 10 mos
Msi Financial Services, INC.
April 2013 - March 2017 · 3 yrs 11 mos
Msi Financial Services, INC.Broker
April 2013 - March 2017 · 3 yrs 11 mos
LPL Financial LLC
December 2007 - May 2013 · 5 yrs 5 mos
LPL Financial LLCBroker
December 2007 - May 2013 · 5 yrs 5 mos
MML Investors Services, INC.
April 1993 - December 2007 · 14 yrs 8 mos
MML Investors Services, INC.Broker
April 1993 - December 2007 · 14 yrs 8 mos
G. R. Phelps & CO., INC.Broker
June 1989 - May 1993 · 3 yrs 11 mos
State Registrations13 states
COFLGAILMAMINCNJOHTNTXUTWI
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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