Donald Turner
Donald Turner is a ChFC-designated registered investment advisor at LPL Enterprise, LLC, based in Houston, TX, with 11 years of industry experience. Donald 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
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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
1233 West Loop South, Suite 1100, Houston, TX, 77027
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Regulatory History (1)
Customer Dispute
May 2011Other Business ActivitiesSells Insurance
Donald is involved with Centex Financial Group as a non-variable insurance agency, dedicating about a quarter of his time. He also uses Centex Financial Group as a DBA for his LPL business, spending about a quarter of his time, and is involved with Turner Advisors LLC for tax/investment purposes and real estate rental, spending a few hours per week on each.