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CFP
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CFP

Richard Reimers

LPL Financial LLC
30 Years of Experience
San Diego, CA
Broker
View SEC Summary
View SEC Summary

Richard Reimers is a CFP-designated registered investment advisor at LPL Financial LLC, based in San Diego, CA, with 30 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

4707 Executive Dr, San Diego, CA, 92121-3091

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business Activities

Richard operates his LPL business under the name Pence Financial Group. He also acts in a fiduciary capacity as a successor trustee for the Reimers Family Trust and as a trustee for the Reimers Revocable Trust, dedicating minimal time to these roles.

Employment History
Current Registrations
LPL Financial LLC
March 2023 - Present · 3 yrs 7 mos
LPL Financial LLCBroker
March 2023 - Present · 3 yrs 7 mos
LPL Financial LLC
March 2023 - Present · 3 yrs 7 mos
Previous Registrations
Stifel, Nicolaus & Company, Incorporated
March 2009 - March 2023 · 14 yrs
Stifel, Nicolaus & Company, IncorporatedBroker
March 2009 - March 2023 · 14 yrs
Wachovia Securities, LLC
January 2008 - March 2009 · 1 yr 2 mos
Wachovia Securities, LLCBroker
January 2008 - March 2009 · 1 yr 2 mos
A. G. Edwards & Sons, INC.
July 1997 - January 2008 · 10 yrs 6 mos
A. G. Edwards & Sons, INC.Broker
July 1996 - January 2008 · 11 yrs 6 mos
State Registrations14 states
AZCACOFLKYMONCNMNYSDTXUTVAWA
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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