PE
PE

Pedro Escobar

29 Years of Experience
Davie, FL
2 DisclosuresBroker

Pedro Escobar is a registered investment advisor at Ameriprise Financial Services, LLC, based in Davie, FL, with 29 years of industry experience. Pedro operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12781 advisors
Number of Clients
1,330,280 clients
Average Client Portfolio
$424K average
Assets Under Management
$564.6B

Fee Structure

Minimum Investment:$2K

Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.

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Location

2205 S University Dr, Davie, FL, 33324-5806

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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
November 2022
Settled
Customer Dispute
March 2009
Denied
Other Business Activities

Pedro has business ownership interests, including investment-related activities since 2015, taking minimal time. He also has outside employment with Centennial Bank since 2020, dedicating about 38% of his time, all during trading hours.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
June 2020 - Present · 5 yrs 11 mos
Ameriprise Financial Services, LLC
June 2020 - Present · 5 yrs 11 mos
Ameriprise Financial Services, LLCBroker
June 2020 - Present · 5 yrs 11 mos
Previous Registrations
Wells Fargo Clearing Services, LLC
April 2014 - June 2020 · 6 yrs 2 mos
Wells Fargo Clearing Services, LLCBroker
April 2014 - June 2020 · 6 yrs 2 mos
Suntrust Investment Services, INC.
October 2010 - April 2014 · 3 yrs 6 mos
Suntrust Investment Services, INC.Broker
October 2010 - April 2014 · 3 yrs 6 mos
Chase Investment Services CORP.
May 2009 - October 2010 · 1 yr 5 mos
Chase Investment Services CORP.Broker
May 2009 - October 2010 · 1 yr 5 mos
Wells Fargo Advisors, LLC
October 2000 - May 2009 · 8 yrs 7 mos
Wachovia Securities, LLCBroker
October 2000 - May 2009 · 8 yrs 7 mos
First Union Brokerage Services, INC.Broker
October 1997 - October 2000 · 3 yrs
Gkn Securities CORP.Broker
August 1996 - April 1997 · 8 mos
State Registrations1 state
FL
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.