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CFP
DA
CFP

Douglas Allen

Cambridge Investment Research Advisors, INC.
40 Years of Experience
Grinnell, IA
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Douglas Allen is a CFP-designated registered investment advisor at Cambridge Investment Research Advisors, INC., based in Grinnell, IA, with 40 years of industry experience. Douglas 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, Financial Planning & Coaching, and 6 more. Their firm serves 361,213 clients with $140B in assets under management.

Cambridge Investment Research Advisors, INC.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
3933 advisors
Number of Clients
361,213 clients
Average Client Portfolio
$384K average
Assets Under Management
$138.7B

Fee Structure

Minimum Investment:$25K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Maximum allowable advisory fee is 2.25% annually across platforms. Actual fees are negotiable and set by your financial professional based on account size, complexity, and specific program selected.

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

Location

801 4th Ave, Grinnell, IA, 50112

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History

Regulatory History (2)
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
August 2026
Denied
Customer Dispute
August 2016
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Douglas is involved in several business activities, including agriculture, real estate, a DBA called Allen Financial, and a sport/fitness/gaming business. He also works full-time as an advisory representative of a registered investment advisor (RIA) and spends minimal time as an insurance agent.

Employment History
Current Registrations
Cambridge Investment Research Advisors, INC.
January 2023 - Present · 3 yrs 9 mos
Cambridge Investment Research, INC.Broker
January 2023 - Present · 3 yrs 9 mos
Previous Registrations
Cetera Advisor Networks LLCBroker
February 2022 - December 2022 · 10 mos
Cetera Advisor Networks LLC
February 2022 - December 2022 · 10 mos
Cambridge Investment Research, INC.Broker
September 2017 - March 2022 · 4 yrs 6 mos
Cambridge Investment Research Advisors, INC.
September 2017 - March 2022 · 4 yrs 6 mos
Investment Centers of America, INC.
July 2012 - September 2017 · 5 yrs 2 mos
Investment Centers of America, INC.Broker
July 2012 - September 2017 · 5 yrs 2 mos
LPL Financial LLC
February 2002 - July 2012 · 10 yrs 5 mos
LPL Financial LLCBroker
February 2002 - July 2012 · 10 yrs 5 mos
Raymond James & Associates, INC.Broker
March 1999 - March 2002 · 3 yrs
Raymond James & Associates, INC.Broker
February 1999 - March 1999 · 1 mo
Brenton Investments, INC.Broker
April 1992 - March 1999 · 6 yrs 11 mos
Northern Trust Securities, INC.Broker
February 1991 - May 1992 · 1 yr 3 mos
Painewebber IncorporatedBroker
April 1986 - January 1991 · 4 yrs 9 mos
State Registrations7 states
AZCOIAMONETXWI
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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