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CFP
RH
CFP

Richard Hoel

LPL Financial LLC
22 Years of Experience
Waverly, IA
Broker
View SEC Summary
View SEC Summary

Richard Hoel is a CFP-designated registered investment advisor at LPL Financial LLC, based in Waverly, IA, with 22 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
—
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Location

2000 Heritage Way, Waverly, IA, 50677

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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 under ConneXus Investment Services Group and Members Financial Services as a DBA for his LPL business. He also has outside W-2 employment with Axtell Haller, dedicating minimal time to it.

Employment History
Current Registrations
LPL Financial LLC
May 2022 - Present · 4 yrs 5 mos
LPL Financial LLC
May 2022 - Present · 4 yrs 5 mos
LPL Financial LLCBroker
May 2022 - Present · 4 yrs 5 mos
Previous Registrations
CUNA Brokerage Services, INC.
November 2019 - May 2022 · 2 yrs 6 mos
CUNA Brokerage Services, INC.Broker
October 2019 - May 2022 · 2 yrs 7 mos
Cetera Advisors LLC
January 2014 - October 2014 · 9 mos
Cetera Advisors LLCBroker
August 2012 - October 2014 · 2 yrs 2 mos
LPL Financial LLCBroker
January 2011 - September 2012 · 1 yr 8 mos
Cuso Financial Services, L.P.Broker
July 2005 - December 2010 · 5 yrs 5 mos
CUNA Brokerage Services, INC.Broker
August 2004 - July 2005 · 11 mos
U.S. Bancorp Investments, INC.Broker
August 2000 - July 2004 · 3 yrs 11 mos
Linsco/private Ledger CORP.Broker
August 1998 - February 1999 · 6 mos
Norwest Investment Services, INC.Broker
August 1997 - August 1998 · 1 yr
State Registrations53 states
AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTVirgin IslandsWAWIWVWY
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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