Frank Schoen
Frank Schoen is a registered investment advisor at Transamerica Financial Advisors, LLC, based in Hoffman Estates, IL, with 26 years of industry experience. Frank operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 42,440 clients with $1.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Transamerica Financial Advisors (TFA) offers several investment management programs, including:
- Third-Party Money Management Programs: TFA Advisors can connect you with third-party money managers (TPMMs) who manage model portfolios. Fees are specific to the TPMM you select.
- Transamerica® ONE Wealth Management Platform: This is a wrap fee program with a single fee for services. The total annual program fee does not exceed 2.0%.
- Transamerica® ALPHA Digital Investment Program: This program uses Betterment's platform. The total annual advisory fee ranges from 0.65% to 0.95%.
- TFA365 Advisory Program: This is a wrap fee program. The total annual program fee does not exceed 2.75%. A minimum annual account fee applies to accounts that fall below the program account minimum. For the Strategist Program and the Unified Managed Account Program, the minimum annual account fee is $35 (account minimum: $25,000). For the Separately Managed Account Program, the minimum annual account fee is $150 (account minimum: $100,000).
Location
2000 Center Dr,, Suite East C209, Hoffman Estates, IL, 60192
Get directionsHistory
Regulatory History (12)
Financial
January 2021Judgment / Lien
December 2019Judgment / Lien
February 2012Judgment / Lien
May 2011Criminal
August 1993Criminal
July 1991Criminal
June 1991Criminal
May 1991Judgment / Lien
April 1991Criminal
January 1991Criminal
December 1990Criminal
November 1990Other Business ActivitiesSells Insurance
Frank sells insurance and non-insurance products for companies affiliated with Transamerica Financial Advisors, dedicating about 10-20% of his time to supporting WFG activities. Frank also owns S2C Tax & Accounting Services LLC, spending a few hours per week preparing taxes and providing accounting services.
Employment History
Current Registrations
Transamerica Financial Advisors, LLC
Transamerica Financial Advisors, LLCBroker
Previous Registrations
Investment Advisors International, INC.
World Group Securities, INC.Broker
World Group Securities, INC.Broker
World Group Securities, INC.Broker
Wma Securities, INC.Broker
State Registrations8 states
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.