AB
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Amal Benbrahim

37 Years of Experience
Melville, NY
3 DisclosuresBroker

Amal Benbrahim is a registered investment advisor at LPL Financial LLC, based in Melville, NY, with 37 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
27420 advisors
Number of Clients
1,676,192 clients
Average Client Portfolio
$369K average
Assets Under Management
$618.9B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)

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.

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Location

200 Broadhollow Road, Melville, NY, 11747

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History

Regulatory History (3)
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
December 2008
Withdrawn
Customer Dispute
March 2008
Settled
Customer Dispute
October 2007
Settled
Other Business Activities

Amal operates under three DBAs for their LPL business: Sterling Wealth Services (since 2017), AMAL Wealth Services Corp. (since 2018), and Webster Investments (since 2021). Amal dedicates full-time hours to securities trading through these entities.

Employment History
Current Registrations
LPL Financial LLC
October 2016 - Present · 9 yrs 9 mos
LPL Financial LLCBroker
October 2016 - Present · 9 yrs 9 mos
Previous Registrations
Financial Resources Group Investment Services, LLCBroker
April 2018 - July 2020 · 2 yrs 3 mos
Wells Fargo Advisors, LLC
September 2005 - October 2016 · 11 yrs 1 mo
Wells Fargo Advisors, LLCBroker
September 2005 - October 2016 · 11 yrs 1 mo
Chase Investment Services CORP.
March 1999 - September 2005 · 6 yrs 6 mos
Chase Investment Services CORP.Broker
September 1996 - September 2005 · 9 yrs
Chemical Investment Services CORP.Broker
August 1994 - September 1996 · 2 yrs 1 mo
Liberty Securities CorporationBroker
October 1993 - August 1994 · 10 mos
Gna Securities, INC.Broker
February 1992 - November 1993 · 1 yr 9 mos
Dollar Dry Dock Investment Services, INC.Broker
October 1990 - March 1992 · 1 yr 5 mos
Murphey Favre, INC.Broker
July 1990 - October 1990 · 3 mos
First Investors CorporationBroker
August 1988 - May 1990 · 1 yr 9 mos
State Registrations6 states
CAFLNJNVNYVA
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.
Amal Benbrahim - Financial Advisor | TrueAdvisor