Robert Drake
Robert Drake is a ChFC-designated registered investment advisor at LPL Financial LLC, based in Morristown, NJ, with 36 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
305 Madison Avenue, Morristown, NJ, 07960
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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
Robert operates Drake Financial Services LLC as a DBA for his LPL business and dedicates full-time hours to it. He also provides investment advisory services through Private Advisor Group, LLC, spending full-time hours on this activity as well, and sells non-variable insurance through Visionary Marketing, dedicating a few hours per week.
Employment History
Current Registrations
LPL Financial LLC
Private Advisor Group, LLC
LPL Financial LLCBroker
Previous Registrations
Spc
Sigma Financial CorporationBroker
MML Investors Services, INC.Broker
Manequity, INC.Broker
State Registrations18 states
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