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Lawrence Schalles

Principal Securities, INC.
28 Years of Experience
New Prt Rchy, FL
2 DisclosuresBrokerSells Insurance
View SEC Summary
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Lawrence Schalles is a registered investment advisor at Principal Securities, INC., based in New Prt Rchy, FL, with 28 years of industry experience. Lawrence 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 51,941 clients with $17B in assets under management.

Principal Securities, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1709 advisors
Number of Clients
51,941 clients
Average Client Portfolio
$328K average
Assets Under Management
$17.0B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $150K1.75%
$150K - $250K1.75%
$250K - $500K1.75%
$500K - $1000K1.20%
$1M+1.10%

Fees are negotiable and collected quarterly in arrears. Schedule reflects the SEI Managed Account Solutions program maximum fees. Other programs utilize promoter fees ranging from 0.07% to 1.50% or asset-based fees up to 1.95%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

5320 Main St, New Prt Rchy, FL, 34652

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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.
Criminal
May 1981
Final Disposition
Criminal
June 1980
Final Disposition
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Lawrence sells fixed insurance products including life insurance, annuities, long-term care, and disability insurance. He also owns Schalles & Associates CPA and Gulfview Apartments, a rental property, dedicating about 10-20% of his time to maintaining the building. Additionally, Lawrence is VP of S&W Corporation and Accurate Bookkeeping, spending minimal time on each, providing accounting and tax services.

Employment History
Current Registrations
Principal Securities, INC.
January 2016 - Present · 10 yrs 9 mos
Principal Securities, INC.Broker
December 2015 - Present · 10 yrs 10 mos
Previous Registrations
Voya Financial Advisors, INC.
February 2007 - December 2015 · 8 yrs 10 mos
Voya Financial Advisors, INC.Broker
February 2007 - December 2015 · 8 yrs 10 mos
Hornor, Townsend & Kent, INC.
November 1997 - February 2007 · 9 yrs 3 mos
Hornor, Townsend & Kent, INC.Broker
November 1997 - February 2007 · 9 yrs 3 mos
State Registrations2 states
FLKS
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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