Frank Shimkus
Frank Shimkus is a registered investment advisor at LPL Financial LLC, based in Bloomington, MN, with 38 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
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.
Location
9555 James Ave S Suite 200, Bloomington, MN, 55431
Get directionsHistory
Regulatory History
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.
Learn about disclosures →Other Business ActivitiesSells Insurance
Frank is an independent insurance agent selling life insurance since 1987, dedicating minimal time to this activity. He is also involved with Shimkus Associates, Frank Shimkus Jr. LLC, Frank S. Shimkus, Jr. Wealth Management and Tax Planning, and Burns Brothers Financial Group, spending about a quarter of his time on tax preparation/accounting/CPA activities.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
National Planning Corporation ("npc of America" in Fl & Ny)
National Planning CorporationBroker
Harbour Investments, INC.
Harbour Investments, INC.Broker
Workman Securities CorporationBroker
Washington Square Securities, INC.Broker
Planners Financial Services, INC.Broker
Fundamental Equities CORP.Broker
Washington Square Securities, 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.