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Lawrence Mcternan

Wells Fargo Advisors
30 Years of Experience
Purchase, NY
2 DisclosuresBroker
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Lawrence Mcternan is a registered investment advisor at Wells Fargo Advisors, based in Purchase, NY, with 30 years of industry experience. Their practice areas include Business Owners, Divorce Planning, Education Planning, Financial Planning & Coaching, and 2 more. Their firm serves 1,327,695 clients with $610B in assets under management.

Wells Fargo Advisors
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
14703 advisors
IM Fee
Planning only
Assets Under Management
$606.0B

Fee Structure

Minimum Investment:$250K
  • Cash Flow Analysis — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Education Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Retirement Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Risk Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Wealth Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
  • Divorce Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
  • Special Needs Analysis — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
  • Sports & Entertainment — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
  • Business Owner Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.

The total fee per engagement can range up to $5,000 for clients with a net worth of $250,000 to $500,000, up to $12,500 for clients with a net worth over $500,000 to $1,000,000, and up to $25,000 for clients with a net worth over $1,000,000. Fees are subject to negotiation and may vary.

One-Time Plan:Up to $25,000
View Full SEC Brochure

Location

2500 Westchester Ave Stes 201 & 203, Purchase, NY, 10577

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History

Regulatory History (2)
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
August 1999
Settled
Customer Dispute
January 1999
Settled
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
Wells Fargo Advisors
November 2016 - Present · 9 yrs 6 mos
Wells Fargo Clearing Services, LLC
November 2016 - Present · 9 yrs 6 mos
Wells Fargo Clearing Services, LLCBroker
November 2016 - Present · 9 yrs 6 mos
Previous Registrations
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February 2012 - November 2016 · 4 yrs 9 mos
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December 2002 - October 2004 · 1 yr 10 mos
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Citicorp Investment ServicesBroker
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Painewebber IncorporatedBroker
September 1998 - June 1999 · 9 mos
Chase Investment Services CORP.Broker
September 1996 - September 1998 · 2 yrs
Chemical Investment Services CORP.Broker
August 1994 - September 1996 · 2 yrs 1 mo
Liberty Securities CorporationBroker
October 1993 - August 1994 · 10 mos
Citicorp Investment ServicesBroker
June 1992 - October 1993 · 1 yr 4 mos
Citicorp Financial Services,inc.Broker
April 1992 - June 1992 · 2 mos
David Lerner Associates, INC.Broker
March 1991 - May 1992 · 1 yr 2 mos
State Registrations12 states
ALCACTDCFLGAMAMONCNJNYTX
AdvisorBrokerBoth

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Exams
No exam information available for this advisor.
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