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Douglas Mullowney

LPL Financial LLC
28 Years of Experience
Billings, MT
1 DisclosureBroker
View SEC Summary
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Douglas Mullowney is a registered investment advisor at LPL Financial LLC, based in Billings, MT, with 28 years of industry experience. Douglas 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

1597 Avenue D, Ste 4, Billings, MT, 59102

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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
August 2009
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Douglas is doing business as (DBA) Montana Financial Group, LLC for LPL business, spending a few hours per week. He also owns Montana Tax Group, PLLC for tax/investment purposes, dedicating minimal time to it.

Employment History
Current Registrations
LPL Financial LLC
July 2021 - Present · 5 yrs 3 mos
LPL Financial LLCBroker
July 2021 - Present · 5 yrs 3 mos
Previous Registrations
Waddell & Reed
March 1998 - July 2021 · 23 yrs 4 mos
Waddell & ReedBroker
November 1997 - July 2021 · 23 yrs 8 mos
State Registrations29 states
ARAZCACOFLGAHIIAIDILLAMNMOMTNDNENHNMNYOHOKORSDTXUTVAWAWIWY
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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