LF
LF

Larry Folmar

56 Years of Experience
Southfield, MI
Broker

Larry Folmar is a registered investment advisor at Cetera Investment Advisers LLC, based in Southfield, MI, with 56 years of industry experience. Larry operates on a fee-only basis, meaning they do not earn commissions from product sales. Their firm serves 584,487 clients with $160B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
10345 advisors
IM Fee
Planning only
Assets Under Management
$163.8B
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Location

24901 Northwestern Hwy, Ste 211, Southfield, MI, 48075

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

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Other Business Activities

Larry sells prepaid legal plans as an associate of Prepaid Legal Service, Inc. He also owns Stewardship Ministries, teaching biblical stewardship principles, and is the CEO of Folmar Financial Group, Inc, running daily operations, which takes nearly full-time. Larry is also a Manager at Folmar Advisory, LLC, providing investment advice and financial planning, dedicating about 10-20% of his time, and a pastor at Sharon Community Church, spending a few hours per week.

Employment History
Current Registrations
Cetera Investment Advisers LLC
June 2023 - Present · 2 yrs 11 mos
Cetera Wealth Services, LLCBroker
September 2019 - Present · 6 yrs 8 mos
Folmar Advisory, LLC
November 2010 - Present · 15 yrs 6 mos
Previous Registrations
Cetera Advisor Networks LLC
May 2021 - June 2023 · 2 yrs 1 mo
Summit Financial Group INC
June 2011 - May 2021 · 9 yrs 11 mos
Summit Brokerage Services, INC.Broker
August 2009 - September 2019 · 10 yrs 1 mo
Mutual Service CorporationBroker
March 1982 - August 2009 · 27 yrs 5 mos
Pruco Securities CorporationBroker
February 1982 - March 1982 · 1 mo
The Prudential Insurance Company of AmericaBroker
March 1970 - March 1982 · 12 yrs
State Registrations15 states
ALAZCAFLGAILMDMINCNVNYOHTNTXVA
AdvisorBrokerBoth

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Exams
No exam information available for this advisor.