Douglas Hershberger
Douglas Hershberger is a registered investment advisor at LPL Enterprise, LLC, based in Lancaster, PA, with 37 years of industry experience. Douglas operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 86,726 clients with $19B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).
Location
1601 Oregon Pike, Suite 100, Lancaster, PA, 17601
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Regulatory History (1)
Customer Dispute
September 2008Other Business ActivitiesSells Insurance
Douglas is involved in several outside business activities, including owning rental properties, being an owner/agent for Hershberger Fin'l Group (insurance and investments), and serving as a board member for a homeowners association and a church. He also participates in real estate services and is a board member for a non-profit.
Employment History
Current Registrations
LPL Enterprise, LLCBroker
LPL Enterprise, LLC
Previous Registrations
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
The Prudential Insurance Company of AmericaBroker
State Registrations15 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.