LB
CFP · ChFC
LB
CFP · ChFC

Lance Butner

36 Years of Experience
Edina, MN
1 DisclosureBroker

Lance Butner is a CFP, ChFC-designated registered investment advisor at Ameriprise Financial Services, LLC, based in Edina, MN, with 36 years of industry experience. Lance operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12781 advisors
Number of Clients
1,330,280 clients
Average Client Portfolio
$424K average
Assets Under Management
$564.6B

Fee Structure

Minimum Investment:$2K

Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.

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Location

7601 France Ave S, Ste 630, Edina, MN, 55435-5968

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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
April 2008
Denied
Other Business Activities

Lance co-owns and manages an Ameriprise business, dedicating a few hours per week. He also serves as a board member for Butner, spending a few hours per week on this activity.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
February 2010 - Present · 16 yrs 7 mos
Ameriprise Financial Services, LLC
February 1990 - Present · 36 yrs 7 mos
Ameriprise Financial Services, LLCBroker
February 1990 - Present · 36 yrs 7 mos
Previous Registrations
Ids Life Insurance CompanyBroker
February 1990 - July 2006 · 16 yrs 5 mos
State Registrations35 states
AKARAZCACOCTDCFLGAIAIDILMAMDMIMNMOMTNCNDNENJNMNVNYOHORSCSDTNTXVAWAWIWY
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.
Lance Butner - Financial Advisor | TrueAdvisor