RS
CFP · ChFC
RS
CFP · ChFC

Raymond Scannell

35 Years of Experience
New Lenox, IL
1 DisclosureBroker

Raymond Scannell is a CFP, ChFC-designated registered investment advisor at LPL Financial LLC, based in New Lenox, IL, with 35 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

328 E Lincoln Hwy, New Lenox, IL, 60451

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History

Regulatory History (1)
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
October 2019
Denied
Other Business Activities

Raymond has two business entities, Raymond P Scannell INC and RPS Ventures INC, both for tax/investment purposes. He spends minimal time on Raymond P Scannell INC and a few hours per week on RPS Ventures INC.

Employment History
Current Registrations
LPL Financial LLC
April 2023 - Present · 3 yrs 1 mo
LPL Financial LLCBroker
April 2023 - Present · 3 yrs 1 mo
Previous Registrations
Woodbury Financial Services, INC.
July 2005 - April 2023 · 17 yrs 9 mos
Woodbury Financial Services, INC.Broker
July 2005 - April 2023 · 17 yrs 9 mos
AXA Advisors, LLCBroker
July 2005 - July 2005 · 0 mos
AXA Advisors, LLC
July 2005 - July 2005 · 0 mos
AXA Advisors, LLC
June 2005 - June 2005 · 0 mos
AXA Advisors, LLCBroker
June 2005 - June 2005 · 0 mos
Mony Securities Corporation
November 2002 - June 2005 · 2 yrs 7 mos
Mony Securities CorporationBroker
March 1992 - June 2005 · 13 yrs 3 mos
New England SecuritiesBroker
September 1989 - August 1990 · 11 mos
MML Investors Services, INC.Broker
August 1988 - September 1989 · 1 yr 1 mo
State Registrations15 states
AZCACOFLGAILINMEMINCOHSCTNTXVT
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.
Raymond Scannell - Financial Advisor | TrueAdvisor