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CFP · PFS
DR
CFP · PFS

Douglas Ritter

LPL Financial LLC
35 Years of Experience
Red Wing, MN
BrokerSells Insurance
View SEC Summary
View SEC Summary

Douglas Ritter is a CFP, PFS-designated registered investment advisor at LPL Financial LLC, based in Red Wing, MN, with 35 years of industry experience. Douglas 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
—
View Full SEC Brochure

Location

307 Dakota St, Red Wing, MN, 55066

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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

Douglas is an independent insurance agent selling life, disability, and long-term care insurance, dedicating a few hours per week to this activity. He also owns a vacation rental property and is the President & CEO of Discovery Financial, as well as being involved with Diversified Financial Group.

Employment History
Current Registrations
LPL Financial LLC
November 2017 - Present · 8 yrs 11 mos
LPL Financial LLCBroker
November 2017 - Present · 8 yrs 11 mos
Previous Registrations
National Planning Corporation ("npc of America" in Fl & Ny)
May 2012 - December 2017 · 5 yrs 7 mos
National Planning CorporationBroker
May 2012 - November 2017 · 5 yrs 6 mos
Ing Financial Partners, INC.Broker
August 1992 - May 2012 · 19 yrs 9 mos
Nwnl Management CorporationBroker
July 1992 - August 1992 · 1 mo
Cfs Brokerage CORP.Broker
February 1991 - September 1992 · 1 yr 7 mos
State Registrations45 states
AKALARAZCACOCTDCFLGAHIIAIDILINKSKYLAMAMDMIMNMOMSMTNCNDNENHNJNMNVNYOHORPASCSDTNTXUTVAWAWIWY
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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