Derrick Mcelwee is a registered investment advisor at LPL Financial LLC, based in Lake Jackson, TX, with 23 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
Location
80 Oak Dr, Lake Jackson, TX, 77566
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
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Derrick operates his LPL business under the DBA TDECU Wealth Advisors since 2018. He also has a financial institution duty with TEXAS DOW EMPLOYEE CU / TDECU Wealth Advisors, dedicating nearly full-time hours to this role.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
J.P. Morgan Securities LLCBroker
J.P. Morgan Securities LLC
Chase Investment Services CORP.
Chase Investment Services CORP.Broker
Banc of America Investment Services, INC.Broker
Chase Investment Services CORP.
Chase Investment Services CORP.Broker
Chase Securities of Texas, INC.Broker
Banc One Securities CorporationBroker
Chatfield Dean & CO., INC.Broker
State Registrations29 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.