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CFP

Steven Herrmann

LPL Financial LLC
37 Years of Experience
Chicago, IL
BrokerSells Insurance
View SEC Summary
View SEC Summary

Steven Herrmann is a CFP-designated registered investment advisor at LPL Financial LLC, based in Chicago, IL, with 37 years of industry experience. Steven is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

141 W Jackson, Ste 3302, Chicago, IL, 60604

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Steven works as a strategic coach, dedicating about a quarter of his time to this role. He is also an insurance agent selling non-variable insurance products, spending about 10% of his time on this. Additionally, Steven operates The AdvisoryOne Group, LLC as a DBA for his LPL business, dedicating full-time hours during securities trading.

Employment History
Current Registrations
LPL Financial LLC
March 2020 - Present · 6 yrs 7 mos
LPL Financial LLCBroker
March 2020 - Present · 6 yrs 7 mos
Previous Registrations
MML Investors Services, LLCBroker
March 2017 - March 2020 · 3 yrs
MML Investors Services, LLC
March 2017 - March 2020 · 3 yrs
Msi Financial Services, INC.Broker
January 2015 - March 2017 · 2 yrs 2 mos
Msi Financial Services, INC.
January 2015 - March 2017 · 2 yrs 2 mos
New England Securities Corporation
March 2007 - January 2015 · 7 yrs 10 mos
New England SecuritiesBroker
February 2007 - January 2015 · 7 yrs 11 mos
Linsco/private Ledger CORP.Broker
May 2006 - January 2007 · 8 mos
Metlife Securities INC.Broker
August 2001 - November 2004 · 3 yrs 3 mos
Metropolitan Life Insurance CompanyBroker
August 2001 - November 2004 · 3 yrs 3 mos
Ids Life Insurance CompanyBroker
October 1999 - March 2001 · 1 yr 5 mos
American Express Financial Advisors INC.Broker
July 1987 - March 2001 · 13 yrs 8 mos
State Registrations10 states
AZCAFLILNVSCTNTXWAWI
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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