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Douglas Allen

Raymond James Financial Services Advisors, INC
30 Years of Experience
Amarillo, TX
2 DisclosuresBroker
View SEC Summary
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Douglas Allen is a registered investment advisor at Raymond James Financial Services Advisors, INC, based in Amarillo, TX, with 30 years of industry experience. Douglas is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Education Planning, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 508,439 clients with $390B in assets under management.

Raymond James Financial Services Advisors, INC
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
6724 advisors
Number of Clients
508,439 clients
Average Client Portfolio
$767K average
Assets Under Management
$390.0B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Maximum annual fee percentage is 2.25% of assets under advisement. Specific fees are negotiable with your financial advisor based on time, complexity, and portfolio size.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

4720 S. Western Street, Suite B, Amarillo, TX, 79109

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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
August 2020
Denied
Customer Dispute
February 2012
Denied
View Full SEC ReportHow to Read Disclosures
Other 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
Raymond James Financial Services, INC.Broker
May 2026 - Present · 5 mos
Raymond James Financial Services Advisors, INC
May 2026 - Present · 5 mos
Previous Registrations
LPL Financial LLC
August 2017 - May 2026 · 8 yrs 9 mos
LPL Financial LLCBroker
August 2017 - May 2026 · 8 yrs 9 mos
Wells Fargo Advisors Financial Network, LLCBroker
May 2012 - August 2017 · 5 yrs 3 mos
Wells Fargo Advisors Financial Network, LLC
May 2012 - August 2017 · 5 yrs 3 mos
Wells Fargo Advisors, LLC
May 2008 - May 2012 · 4 yrs
Wells Fargo Advisors, LLCBroker
May 2008 - May 2012 · 4 yrs
Merrill Lynch, Pierce, Fenner & Smith Incorporated
September 1996 - May 2008 · 11 yrs 8 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
August 1996 - May 2008 · 11 yrs 9 mos
State Registrations11 states
AZCACOGANMNVOKTNTXUTVA
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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