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Steven Schrader
35 Years of Experience
Livonia, MI
2 DisclosuresBroker
Steven Schrader is a registered investment advisor at LPL Financial LLC, based in Livonia, MI, with 35 years of industry experience. Steven is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B
Fee Structure
Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.50% |
The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location
37687 Pembroke Avenue, Livonia, MI, 48152
Get directionsHistory
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
June 2018Settled
Customer Dispute
October 2002Denied
Employment History
Current Registrations
LPL Financial LLC
October 2010 - Present · 16 yrs
LPL Financial LLCBroker
June 1997 - Present · 29 yrs 4 mos
Previous Registrations
Ids Life Insurance CompanyBroker
August 1991 - June 1997 · 5 yrs 10 mos
American Express Financial Advisors INC.Broker
August 1991 - June 1997 · 5 yrs 10 mos
State Registrations10 states
CACOFLGAILKSMIORSCVA
AdvisorBrokerBoth
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
No exam information available for this advisor.
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