TrueAdvisor
TrueAdvisor
TC
TC

Thomas Cooney

LPL Financial LLC
34 Years of Experience
Wilmington, DE
1 DisclosureBroker
View SEC Summary
View SEC Summary

Thomas Cooney is a registered investment advisor at LPL Financial LLC, based in Wilmington, DE, with 34 years of industry experience. Thomas 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.

LPL Financial LLC
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 ValueAnnual Fee
Any2.50%

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
—
View Full SEC Brochure

Location

1013 Centre Rd Ste 411, Wilmington, DE, 19805

Get directions

History

Regulatory History (1)
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
April 2016
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Thomas operates under two DBAs for his LPL business: First Summit Capital Management (since May 2024) and Momentum Wealth Partners (since February 2025). These activities are investment-related.

Employment History
Current Registrations
LPL Financial LLC
May 2024 - Present · 2 yrs 5 mos
LPL Financial LLCBroker
May 2024 - Present · 2 yrs 5 mos
LPL Financial LLC
May 2024 - Present · 2 yrs 5 mos
Previous Registrations
PNC InvestmentsBroker
January 2004 - June 2024 · 20 yrs 5 mos
PNC Investments
January 2004 - June 2024 · 20 yrs 5 mos
Hilliard Lyons Asset Management
May 2002 - January 2004 · 1 yr 8 mos
J.J.B. Hilliard, W.L. Lyons, INC.Broker
April 1999 - January 2004 · 4 yrs 9 mos
PNC Brokerage CORPBroker
July 1996 - April 1999 · 2 yrs 9 mos
Dean Witter Reynolds INC.Broker
November 1991 - July 1996 · 4 yrs 8 mos
State Registrations19 states
CADEFLGAINMAMDMEMINCNJNMNYPASCSDTXVAVT
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.
More Advisors
More financial advisors in Wilmington, DE →All financial advisors in Delaware →