Thomas Steele
Thomas Steele is a registered investment advisor at LPL Financial LLC, based in Lake Preston, SD, with 27 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
Location
Lake Preston, SD
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Thomas operates Steele Financial Services, LLC as a DBA for his LPL business and sells various insurance products including life, property & casualty, disability, long-term care, health insurance, and fixed annuities, dedicating about half his time. He also owns S&S LLC for tax/investment purposes related to insurance commissions and Steele Dakota Farms, LLC as a farm owner, spending about 10-20% of his time on the latter.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Securities America Advisors, INC.
Securities America, INC.Broker
Pfg Financial Advisors
Cetera Advisor Networks LLCBroker
Pfg Financial Advisors
Walnut Street Securities, INC.Broker
Cbs Advisors, LLC
Community Bankers Securities, LLCBroker
Advantage Capital Corporation
Advantage Capital CorporationBroker
State Registrations6 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.