Douglas Allen
Douglas Allen is a registered investment advisor at LPL Financial LLC, based in Amarillo, TX, with 29 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
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.
Location
4720 S Western St Suite B, Amarillo, TX, 79109
Get directionsHistory
Regulatory History (2)
Customer Dispute
August 2020Customer Dispute
February 2012Other Business Activities
Douglas acts in a fiduciary capacity for the Kenneth J Allen Family Trust and Survivors Trust. He also operates Allen Wealth Management, LLC as a DBA for his LPL business, dedicating a few hours per week, and owns A&B Office Building LLC for real estate rental, spending minimal time on it.
Employment History
Current Registrations
LPL Financial LLCBroker
LPL Financial LLC
Previous Registrations
Wells Fargo Advisors Financial Network, LLCBroker
Wells Fargo Advisors Financial Network, LLC
Wells Fargo Advisors, LLCBroker
Wells Fargo Advisors, LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations11 states
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.