Jay Braaten
Jay Braaten is a ChFC-designated registered investment advisor at LPL Financial LLC, based in Blooming Prairie, MN, with 28 years of industry experience. Jay 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.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.50% |
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
Location
Blooming Prairie, MN
Get directionsHistory
Regulatory History (2)
Customer Dispute
October 2011Customer Dispute
March 2003Other Business ActivitiesSells Insurance
Jay operates under Accentra Investment Services as a DBA for his LPL business and co-owns rental real estate, dedicating minimal time to the latter. Additionally, Jay is an agent with Braaten Financial Management, Inc., selling term life, whole life, disability, and long-term care insurance, spending about 10-20% of his time on this.
Employment History
Current Registrations
LPL Financial LLCBroker
LPL Financial LLC
Previous Registrations
Securities America, INC.Broker
Securities America Advisors, INC.
Invest Financial Corporation
Invest Financial CorporationBroker
Financial Network Investment CorporationBroker
Woodbury Financial Services, INC.Broker
Intersecurities, INC.Broker
State Registrations16 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.
Exams
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