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Gary Schaap

27 Years of Experience
Vermillion, SD
1 DisclosureBroker

Gary Schaap is a registered investment advisor at Ameriprise Financial Services, LLC, based in Vermillion, SD, with 27 years of industry experience. Gary 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

1216 E Cherry St Ste 102, Vermillion, SD, 57069

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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 2008
Settled
Other Business Activities

Gary owns multiple real estate properties and is involved in commercial real estate rental through Schaap Enterprises LLC. He also serves as Treasurer and President for Schaap, spending a few hours per week on these activities.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
July 1998 - Present · 28 yrs
Ameriprise Financial Services, LLC
June 1998 - Present · 28 yrs 1 mo
Ameriprise Financial Services, LLCBroker
June 1998 - Present · 28 yrs 1 mo
Previous Registrations
Ids Life Insurance CompanyBroker
June 1998 - July 2006 · 8 yrs 1 mo
State Registrations28 states
AKAZCACOFLGAIAINKSLAMDMIMNMONCNDNENVNYOKORPARISCSDTXWAWI
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.
Gary Schaap - Financial Advisor | TrueAdvisor