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Matthew Anderson

LPL Financial LLC
27 Years of Experience
Bloomington, MN
1 DisclosureBrokerSells Insurance
View SEC Summary
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Matthew Anderson is a registered investment advisor at LPL Financial LLC, based in Bloomington, MN, with 27 years of industry experience. Matthew 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

3601 Minnesota Dr, Ste 550, Bloomington, MN, 55435

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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
March 2008
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Matthew operates under the DBA Lakeshore Group Wealth Management for his LPL business and is involved with the Matthew John Anderson Intervivos Revocable Trust and Lakeshore Group LLC for tax/investment purposes. He also engages in non-variable insurance activities and serves as a Notary Public, dedicating minimal time to each of these activities.

Employment History
Current Registrations
LPL Financial LLC
July 2021 - Present · 5 yrs 3 mos
LPL Financial LLCBroker
July 2021 - Present · 5 yrs 3 mos
Previous Registrations
Waddell & Reed
April 2012 - July 2021 · 9 yrs 3 mos
Waddell & ReedBroker
October 1998 - July 2021 · 22 yrs 9 mos
State Registrations18 states
AKAZCACOFLGAIAIDILKSMDMNMTNJSDTXVAWI
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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