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Richard Baker

LPL Financial LLC
21 Years of Experience
Springfield, MO
2 DisclosuresBrokerSells Insurance
View SEC Summary
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Richard Baker is a registered investment advisor at LPL Financial LLC, based in Springfield, MO, with 21 years of industry experience. Richard 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

2730 E Sunshine St, Springfield, MO, 65804

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History

Regulatory History (2)
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
September 2019
Closed-No Action
Customer Dispute
February 2014
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Richard is a minister with the Southern Baptist Convention since 1995, an instructor for seminars, and an author of retirement-related materials. He also manages HCHeadwaters Properties, LLC, operates Fervent Wealth Management, LLC as a DBA for his LPL business, and is associated with Allegis Advisor Group selling non-variable insurance.

Employment History
Current Registrations
LPL Financial LLC
December 2021 - Present · 4 yrs 10 mos
LPL Financial LLCBroker
November 2021 - Present · 4 yrs 11 mos
Previous Registrations
LPL Financial LLC
November 2021 - December 2021 · 1 mo
Private Client Services, LLCBroker
April 2018 - November 2021 · 3 yrs 7 mos
Prime Capital Investment Advisors, LLC
August 2017 - November 2021 · 4 yrs 3 mos
Cambridge Investment Research, INC.Broker
July 2010 - April 2018 · 7 yrs 9 mos
Lawing Financial INC
February 2009 - October 2017 · 8 yrs 8 mos
The O.N. Equity Sales CompanyBroker
February 2009 - July 2010 · 1 yr 5 mos
LPL Financial Corporation
January 2009 - February 2009 · 1 mo
LPL Financial CorporationBroker
February 2008 - February 2009 · 1 yr
Banc of America Investment Services, INC.Broker
February 1999 - July 2000 · 1 yr 5 mos
Nylife Securities INC.Broker
October 1996 - February 1998 · 1 yr 4 mos
State Registrations18 states
ALARAZCAFLINKSKYMNMONVOHORPASCTNTXWA
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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