Douglas Bostrom
Douglas Bostrom is a registered investment advisor at LPL Enterprise, LLC, based in Hastings, MN, with 34 years of industry experience. Douglas 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
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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
1313 S. Frontage Road, Hastings, MN, 55033
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Regulatory History (1)
Customer Dispute
April 2006Other Business ActivitiesSells Insurance
Douglas operates Bostrom Group Financial Advisory & Insurance Services, selling insurance and investments, taking about half of his time. He also has a notary public commission, a business entity for tax/investment purposes, and owns rental real estate.
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 Registrations34 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.