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Steven Arnold

LPL Financial LLC
31 Years of Experience
Farmington Hills, MI
3 DisclosuresBrokerSells Insurance
View SEC Summary
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Steven Arnold is a registered investment advisor at LPL Financial LLC, based in Farmington Hills, MI, with 31 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.

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

31731 Northwestern Highway, Suite 261W, Farmington Hills, MI, 48334

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History

Regulatory History (3)
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.
Regulatory
November 2011
Final
Customer Dispute
November 2008
Denied
Employment Separation After Allegations
July 2008
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Steven has several outside business activities, including operating under the DBA Financial Focus, providing mortgage brokerage services, managing MGJ Properties LLC (real estate rental), and working as a Third Party Administrator for Fiduciary Focus Benefits Group LLC. He also engages in tax preparation and consulting through Financial Focus Accounting, L.L.C., and sells fixed insurance products, dedicating about 10-20% of his time to these activities.

Employment History
Current Registrations
LPL Financial LLC
January 2009 - Present · 17 yrs 9 mos
LPL Financial LLCBroker
August 2008 - Present · 18 yrs 2 mos
Previous Registrations
National Planning CorporationBroker
January 2004 - July 2008 · 4 yrs 6 mos
Ing Financial Partners, INC.Broker
February 1998 - January 2004 · 5 yrs 11 mos
Vestax Securities CorporationBroker
July 1995 - February 1998 · 2 yrs 7 mos
Titan/value Equities Group, INC.Broker
April 1995 - July 1995 · 3 mos
State Registrations16 states
AZCACOFLILINMIMONCNJNYOHSCTNTXVA
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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