TrueAdvisor
TrueAdvisor
JL
JL

Joel Lerner

Park Avenue Securities LLC
27 Years of Experience
Louisville, KY
2 DisclosuresBrokerSells Insurance
View SEC Summary
View SEC Summary

Joel Lerner is a registered investment advisor at Park Avenue Securities LLC, based in Louisville, KY, with 27 years of industry experience. Joel is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 7 more. Their firm serves 82,118 clients with $20B in assets under management.

Park Avenue Securities LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1914 advisors
Number of Clients
82,118 clients
Average Client Portfolio
$238K average
Assets Under Management
$19.6B

Fee Structure

Minimum Investment:$5K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $500K2.05%
$500K - $1000K2.00%
$1.0M - $2.0M1.95%
$2M+1.90%

Schedule reflects the maximum client fee for the Park Avenue Portfolio Select program. Other wrap fee and third-party programs have varying fee schedules with advisor fees ranging from 0.50% to 1.75% plus platform and manager fees.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

9300 Shelbyville Road, Suite 320, Louisville, KY, 40222

Get directions

History

Regulatory History (2)
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 2009
Denied
Customer Dispute
December 2003
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Joel is the assistant treasurer and a board member for Congregation Adath Jeshurun, dedicating minimal time. He also sells insurance and annuities, dedicating about a quarter of his time.

Employment History
Current Registrations
Park Avenue Securities LLC
March 2018 - Present · 8 yrs 7 mos
Park Avenue Securities LLCBroker
December 2017 - Present · 8 yrs 10 mos
Previous Registrations
MML Investors Services, LLCBroker
March 2017 - December 2017 · 9 mos
MML Investors Services, LLC
March 2017 - December 2017 · 9 mos
Msi Financial Services, INC.
October 2011 - March 2017 · 5 yrs 5 mos
Metlife Securities INC.
October 2001 - December 2003 · 2 yrs 2 mos
Msi Financial Services, INC.Broker
June 2001 - March 2017 · 15 yrs 9 mos
Metropolitan Life Insurance CompanyBroker
June 2001 - July 2007 · 6 yrs 1 mo
Morgan Keegan & Company, INC.Broker
February 1999 - June 2001 · 2 yrs 4 mos
State Registrations7 states
ALDCFLINKYNYOH
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.
More Advisors
More financial advisors in Louisville, KY →All financial advisors in Kentucky →