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Brian Thorsten

31 Years of Experience
Foley, MN
1 DisclosureBrokerSells Insurance

Brian Thorsten is a registered investment advisor at LPL Financial LLC, based in Foley, MN, with 31 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
27420 advisors
Number of Clients
1,676,192 clients
Average Client Portfolio
$369K average
Assets Under Management
$618.9B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)

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.

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Location

201 4th Ave N, Foley, MN, 56329

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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
December 2003
Denied
Other Business ActivitiesSells Insurance

Brian operates his LPL business through Thorsten Financial Services, Inc. He also sells non-variable insurance through IFC National Marketing, dedicating a few hours per week, and owns Thorsten Holdings LLC, a real estate rental business, spending minimal time on it.

Employment History
Current Registrations
LPL Financial LLC
January 2014 - Present · 12 yrs 4 mos
LPL Financial LLCBroker
May 2003 - Present · 23 yrs
Previous Registrations
U.S. Bancorp Piper Jaffray INC.Broker
April 1998 - May 2003 · 5 yrs 1 mo
John G. Kinnard and Company, IncorporatedBroker
October 1994 - April 1998 · 3 yrs 6 mos
State Registrations7 states
COFLIAMDMNNDNJ
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.