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CFP
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CFP

Donald Magdon

LPL Financial LLC
38 Years of Experience
Phoenix, AZ
6 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Donald Magdon is a CFP-designated registered investment advisor at LPL Financial LLC, based in Phoenix, AZ, with 38 years of industry experience. Donald 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
—
View Full SEC Brochure

Location

Phoenix, AZ

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History

Regulatory History (6)
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
April 2013
Denied
Customer Dispute
December 2009
Denied
Customer Dispute
December 2006
Settled
Regulatory
May 2002
Final
Regulatory
February 2000
Final
Regulatory
December 1997
Final
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Donald sells fixed insurance and property & casualty insurance as an agent in Phoenix, AZ. Selling fixed insurance takes about a quarter of his time, while he spends no time on property & casualty insurance.

Employment History
Current Registrations
LPL Financial LLC
February 2024 - Present · 2 yrs 8 mos
LPL Financial LLCBroker
February 2024 - Present · 2 yrs 8 mos
Previous Registrations
Lincoln Financial Advisors Corporation
April 2015 - February 2024 · 8 yrs 10 mos
Lincoln Financial Advisors CorporationBroker
April 2015 - February 2024 · 8 yrs 10 mos
Princor Financial Services Corporation
February 2009 - April 2015 · 6 yrs 2 mos
Princor Financial Services CorporationBroker
December 2008 - April 2015 · 6 yrs 4 mos
Metlife Securities INC.Broker
October 2006 - January 2009 · 2 yrs 3 mos
Metropolitan Life Insurance CompanyBroker
October 2006 - July 2007 · 9 mos
MML Investors Services, INC.Broker
February 2005 - October 2006 · 1 yr 8 mos
New England SecuritiesBroker
October 2001 - February 2005 · 3 yrs 4 mos
Securian Financial Services, INC.Broker
January 1995 - November 2001 · 6 yrs 10 mos
Metlife Securities INC.Broker
June 1988 - December 1994 · 6 yrs 6 mos
Metropolitan Life Insurance CompanyBroker
June 1988 - December 1994 · 6 yrs 6 mos
State Registrations20 states
AZCACOFLHIIAIDILMTNENJNMNVOKORPATXUTVAWA
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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