Pratik Shah
Pratik Shah is a registered investment advisor at LPL Enterprise, LLC, based in Farmington Hills, MI, with 34 years of industry experience. Pratik operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 86,726 clients with $19B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).
Location
23332 Orchard Lake Rd, Suite A, Farmington Hills, MI, 48336
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Regulatory History (2)
Customer Dispute
July 2017Customer Dispute
August 2009Other Business ActivitiesSells Insurance
Pratik is involved with several non-profit organizations and owns rental real estate. He also sells and services individual and group health insurance through various companies, and services old annuity contracts, dedicating minimal time to each activity.
Employment History
Current Registrations
LPL Enterprise, LLC
LPL Enterprise, LLCBroker
Previous Registrations
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
The Prudential Insurance Company of AmericaBroker
State Registrations39 states
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.