Lawrence Whipple is a registered investment advisor at Summit Trail Advisors, LLC, based in Wayzata, MN, with 29 years of industry experience. Lawrence operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, High Net Worth, Insurance Planning, and 3 more. Their firm serves 1,191 clients with $26B in assets under management.
Compensation
Firm Size
Number of Clients
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Assets Under Management
Fee Structure
Summit Trail charges an annual fee based on a percentage of the assets they manage. This fee can range up to 1.50% annually, depending on the complexity of the services, the amount of assets managed, and the overall relationship. The fee is calculated quarterly in advance, and reconciliations are performed to capture any differences in market value. The management fee is negotiable depending on individual client circumstances.
Location
120 Broadway Ave S, Wayzata, MN, 55391
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Regulatory History (2)
Employment Separation After Allegations
September 2025Customer Dispute
May 2024Employment History
Current Registrations
Summit Trail Advisors, LLC
Previous Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Morgan Stanley
Morgan StanleyBroker
Morgan Stanley & CO. LLCBroker
Fbr Capital Markets & CO.Broker
Morgan Stanley & CO. IncorporatedBroker
State Registrations1 state
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.