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Robert Herrmann

LPL Financial LLC
36 Years of Experience
Arlington Heights, IL
BrokerSells Insurance
View SEC Summary
View SEC Summary

Robert Herrmann is a ChFC-designated registered investment advisor at LPL Financial LLC, based in Arlington Heights, IL, with 36 years of industry experience. Robert is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

Arlington Heights, IL

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History

Regulatory History
Clean regulatory record

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.

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Other Business ActivitiesSells Insurance

Robert operates Herrmann Financial Group as a DBA for his LPL business. He is also an agent selling fixed whole and term life, disability income, health and long-term care insurance, dedicating about 10-20% of his time to this activity.

Employment History
Current Registrations
LPL Financial LLC
November 2022 - Present · 3 yrs 11 mos
LPL Financial LLC
November 2022 - Present · 3 yrs 11 mos
LPL Financial LLCBroker
November 2022 - Present · 3 yrs 11 mos
Previous Registrations
Securities America, INC.Broker
July 2015 - November 2022 · 7 yrs 4 mos
Securities America Advisors, INC.
July 2015 - November 2022 · 7 yrs 4 mos
Park Avenue Securities LLC
April 2010 - July 2015 · 5 yrs 3 mos
Park Avenue Securities LLCBroker
May 1999 - July 2015 · 16 yrs 2 mos
Guardian Investor Services CorporationBroker
February 1995 - May 1999 · 4 yrs 3 mos
Robert W. Baird & CO. IncorporatedBroker
February 1993 - December 1994 · 1 yr 10 mos
Northwestern Mutual Investment Services, INC.Broker
August 1990 - January 1995 · 4 yrs 5 mos
State Registrations17 states
CACOFLGAILINMIMNMOMSNCNETNTXVAWAWI
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.
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