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Douglas Melrose

Ameriprise Financial Services, LLC
33 Years of Experience
Radford, VA
5 DisclosuresBroker
View SEC Summary
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Douglas Melrose is a CFP-designated registered investment advisor at Ameriprise Financial Services, LLC, based in Radford, VA, with 33 years of industry experience. Douglas is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 6 more. Their firm serves 1,386,329 clients with $660B in assets under management.

Ameriprise Financial Services, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12908 advisors
Number of Clients
1,386,329 clients
Average Client Portfolio
$476K average
Assets Under Management
$660.5B

Fee Structure

Minimum Investment:$2K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

The maximum total annual advisory fee is 2.0% of managed account assets. Fees are negotiable with your financial advisor and vary based on the specific program and services selected.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

202 Third Ave, Radford, VA, 24141

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History

Regulatory History (5)
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
December 2014
Denied
Customer Dispute
December 2013
Withdrawn
Customer Dispute
September 2007
Denied
Customer Dispute
March 2007
Denied
Customer Dispute
November 2004
Settled
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
Ameriprise Financial Services, LLC
August 2018 - Present · 8 yrs 2 mos
Ameriprise Financial Services, LLC
August 2018 - Present · 8 yrs 2 mos
Ameriprise Financial Services, LLCBroker
August 2018 - Present · 8 yrs 2 mos
Previous Registrations
Wells Fargo Clearing Services, LLC
May 2015 - August 2018 · 3 yrs 3 mos
Wells Fargo Clearing Services, LLCBroker
May 2015 - August 2018 · 3 yrs 3 mos
LPL Financial LLC
January 2015 - May 2015 · 4 mos
Independent Advisor Alliance, LLC
December 2013 - December 2014 · 1 yr
LPL Financial LLCBroker
December 2013 - May 2015 · 1 yr 5 mos
Wells Fargo Advisors, LLC
October 2009 - December 2013 · 4 yrs 2 mos
Wells Fargo Advisors, LLC
February 2007 - October 2009 · 2 yrs 8 mos
Wells Fargo Advisors, LLCBroker
January 2007 - December 2013 · 6 yrs 11 mos
Citigroup Global Markets INC.
November 2000 - January 2007 · 6 yrs 2 mos
Citigroup Global Markets INC.Broker
November 2000 - January 2007 · 6 yrs 2 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
September 1993 - November 2000 · 7 yrs 2 mos
State Registrations14 states
AZDCFLMDMIMNNCNJNYPASCVAWIWV
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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