Russell Anderson
Russell Anderson is a CFP-designated registered investment advisor at LPL Enterprise, LLC, based in West Palm Beach, FL, with 36 years of industry experience. Russell operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 86,726 clients with $19B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).
Location
500 S Australian Ave, Suite 600, West Palm Beach, FL, 33401
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Regulatory History (1)
Customer Dispute
February 2024Other 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
LPL Enterprise, LLCBroker
Previous Registrations
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
MML Investors Services, LLCBroker
MML Investors Services, LLC
Msi Financial Services, INC.
Msi Financial Services, INC.Broker
LPL Financial LLC
LPL Financial LLCBroker
MML Investors Services, INC.
MML Investors Services, INC.Broker
G. R. Phelps & CO., INC.Broker
State Registrations10 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.