DS
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Damon Schimming
39 Years of Experience
Wichita, KS
1 DisclosureBroker
Damon Schimming is a registered investment advisor at LPL Financial LLC, based in Wichita, KS, with 39 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
27420 advisors
Number of Clients
1,676,192 clients
Average Client Portfolio
$369K average
Assets Under Management
$618.9B
Fee Structure
Minimum Investment:$1K
Investment management only (planning not offered)
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
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Location
Wichita, KS
Get directionsHistory
Regulatory History (1)
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Criminal
February 2007Final Disposition
Employment History
Current Registrations
LPL Financial LLC
March 2020 - Present · 6 yrs 2 mos
LPL Financial LLCBroker
March 2019 - Present · 7 yrs 2 mos
Previous Registrations
Visionpoint Advisory Group
April 2019 - March 2020 · 11 mos
Oppenheimer & CO. INC.
January 2012 - March 2019 · 7 yrs 2 mos
Oppenheimer & CO. INC.Broker
January 2012 - March 2019 · 7 yrs 2 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
January 2005 - January 2012 · 7 yrs
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
January 2005 - January 2012 · 7 yrs
Flagstone Investments LLC
October 1999 - November 2004 · 5 yrs 1 mo
George K. Baum & CompanyBroker
January 1997 - August 1999 · 2 yrs 7 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
October 1986 - January 1997 · 10 yrs 3 mos
Wall Street West, INC.Broker
July 1986 - September 1986 · 2 mos
State Registrations6 states
COKSMONMOKTX
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.