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Chelsea Magby

LPL Financial LLC
28 Years of Experience
Fort Worth, TX
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Chelsea Magby is a registered investment advisor at LPL Financial LLC, based in Fort Worth, TX, with 28 years of industry experience. Chelsea 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
—
View Full SEC Brochure

Location

8851 Camp Bowie West Blvd, Ste 115, Fort Worth, TX, 76116-6078

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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
May 2024
Withdrawn
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Chelsea operates under the DBA Impact Wealth Management for her LPL business since 2020 and uses CM Butterfly as a business entity for tax/investment purposes, dedicating full-time hours. She also invests in real estate through CCRRE TEAM LLC, spending minimal time, and works with SureLC/Advisor's Resource Co. on non-variable insurance matters for about 10-20% of her time.

Employment History
Current Registrations
LPL Financial LLCBroker
January 2020 - Present · 6 yrs 10 mos
LPL Financial LLC
January 2020 - Present · 6 yrs 10 mos
Previous Registrations
Raymond James Financial Services, INC.Broker
December 2014 - January 2020 · 5 yrs 1 mo
Raymond James Financial Services Advisors, INC
December 2014 - January 2020 · 5 yrs 1 mo
LPL Financial LLC
May 2011 - December 2014 · 3 yrs 7 mos
LPL Financial LLCBroker
May 2011 - December 2014 · 3 yrs 7 mos
Chase Investment Services CORP.
February 2007 - May 2011 · 4 yrs 3 mos
Chase Investment Services CORP.Broker
February 2007 - May 2011 · 4 yrs 3 mos
Linsco/private Ledger CORP.Broker
February 2001 - February 2007 · 6 yrs
Compass Brokerage, INC.Broker
September 1998 - January 2001 · 2 yrs 4 mos
State Registrations9 states
CACOINMONCOKTNTXVA
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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Chelsea Magby - Financial Advisor | TrueAdvisor