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Karl Reed

28 Years of Experience
Pearland, TX
1 DisclosureBroker

Karl Reed is a registered investment advisor at Ameriprise Financial Services, LLC, based in Pearland, TX, with 28 years of industry experience. Karl 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

1346 Broadway St, Ste 101, Pearland, TX, 77581

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History

Regulatory History (1)
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
July 2002
Withdrawn
Employment History
Current Registrations
Ameriprise Financial Services, LLC
June 1997 - Present · 28 yrs 11 mos
Ameriprise Financial Services, LLCBroker
June 1997 - Present · 28 yrs 11 mos
Ameriprise Financial Services, LLC
June 1997 - Present · 28 yrs 11 mos
Previous Registrations
Ids Life Insurance CompanyBroker
June 1997 - July 2006 · 9 yrs 1 mo
Pruco Securities CorporationBroker
April 1997 - May 1997 · 1 mo
State Registrations17 states
AZCOFLIDILKYMEMIMONCNYPATNTXUTVAWV
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.