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Paul Schulte

LPL Financial LLC
34 Years of Experience
Des Moines, IA
1 DisclosureBrokerSells Insurance
View SEC Summary
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Paul Schulte is a registered investment advisor at LPL Financial LLC, based in Des Moines, IA, with 34 years of industry experience. Paul 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

2323 Grand Ave Ste 210, Des Moines, IA, 50312

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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
September 2004
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Paul is involved in several business activities, including SA3 Inc. LLC, SA3 Wealth (DBA for LPL business), Life Skillz, Hallett Financial Group (non-variable insurance), and real estate rental. He dedicates full-time hours to SA3 Inc. LLC and SA3 Wealth, minimal time to Life Skillz, Hallett Financial Group, and real estate rental.

Employment History
Current Registrations
LPL Financial LLC
December 2023 - Present · 2 yrs 10 mos
LPL Financial LLCBroker
December 2023 - Present · 2 yrs 10 mos
Previous Registrations
Securities America, INC.Broker
February 2008 - December 2023 · 15 yrs 10 mos
Securities America Advisors, INC.
February 2008 - December 2023 · 15 yrs 10 mos
1717 Capital Management Company
September 2003 - February 2008 · 4 yrs 5 mos
1717 Capital Management CompanyBroker
August 2003 - February 2008 · 4 yrs 6 mos
AXA Advisors, LLC
July 2001 - August 2003 · 2 yrs 1 mo
AXA Advisors, LLCBroker
August 1996 - August 2003 · 7 yrs
The Equitable Life Assurance Society of the United StatesBroker
August 1996 - January 2000 · 3 yrs 5 mos
Linsco/private Ledger CORP.Broker
June 1995 - August 1996 · 1 yr 2 mos
Financial Network Investment CorporationBroker
January 1994 - June 1995 · 1 yr 5 mos
Wall Street Investor ServicesBroker
October 1993 - December 1993 · 2 mos
Pruco Securities CorporationBroker
February 1992 - September 1993 · 1 yr 7 mos
The Prudential Insurance Company of AmericaBroker
February 1992 - September 1993 · 1 yr 7 mos
State Registrations20 states
ARCACOFLGAIAIDKSMNMONCNENYOHPATXUTVAWIWY
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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