Larry Hamre
Larry Hamre is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Sioux Falls, SD, with 35 years of industry experience. Larry is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,838,984 clients with $1800B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Managed Account Advisors and Merrill Lynch charge an asset-based fee called the Account Fee, which consists of two parts:
- Investment Management and Trust Fee — Paid to Bank of America for its services, with rates set in your client agreement and subject to negotiation based on your portfolio value and account size.
- Style Manager Expense — Paid to the specific manager of your chosen strategy, generally ranging from 0.00% to 0.50% per year, and does not change based on portfolio size.
Total fees vary depending on the specific strategies and account size, and are deducted directly from your account on a regular basis.
Location
110 S Phillips Ave, Sioux Falls, SD, 57104
Get directionsHistory
Regulatory History (1)
Customer Dispute
January 2009Other Business Activities
Larry is a board member and treasurer for the First Lutheran Church Foundation, starting in April 2024. He dedicates minimal time quarterly to promote and monitor fund disbursement to the church, with no disbursement authority.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Previous Registrations
Wells Fargo Investments, LLC
Wells Fargo Brokerage Services, L.L.C.Broker
Wells Fargo Investments, LLCBroker
Wells Fargo Brokerage Services, L.L.C.Broker
State Registrations18 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.
Exams
More Advisors
- Todd NelsonMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Renee BruggemanMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Jeffrey EdmanMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Jill Mollner, CFPRaymond James Financial Services Advisors, INC
- Michael Bonander, CFACastellum Capital Management LLC
- Matthew Johnson, CFASage Capital Advisors, LLC