James Sommerfield is a registered investment advisor at LPL Financial LLC, based in Chicago, IL, with 28 years of industry experience. James 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.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.50% |
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
Location
231 S La Salle St # 13, 13th Floor, Chicago, IL, 60604
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Regulatory History
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.
Learn about disclosures →Other Business Activities
James works as a Senior Compliance Officer for Great Lakes Advisors, dedicating about a quarter of his time to compliance functions, reviewing marketing materials, regulatory filings, and internal audits. This position began in 2001 and has been reviewed to ensure it doesn't interfere with his responsibilities or appear as part of WTI's business.
Employment History
Current Registrations
LPL Financial LLCBroker
LPL Financial LLC
Great Lakes Advisors, LLC
Previous Registrations
Focused Investments L.L.C.Broker
Wintrust Investments
Great Lakes Advisors, LLC
Wintrust Investments LLCBroker
Focused Investments L.L.C.Broker
Wayne Hummer Investments L.L.C.Broker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
State Registrations1 state
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
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