Kurt Schummer
Kurt Schummer is a registered investment advisor at LPL Enterprise, LLC, based in Sarasota, FL, with 24 years of industry experience. Kurt operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 86,726 clients with $19B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).
Location
Sarasota, FL
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Regulatory History (4)
Customer Dispute
November 2019Customer Dispute
February 2017Customer Dispute
September 2016Customer Dispute
June 2012Other Business ActivitiesSells Insurance
Kurt is involved in several business activities, including wholesale e-commerce of home goods, real estate development, and managing an office building. He also operates Elevate Wealth Management, a DBA for his LPL business, dedicating nearly full-time hours to it.
Employment History
Current Registrations
LPL Enterprise, LLC
LPL Enterprise, LLCBroker
Previous Registrations
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
Northwestern Mutual Investment Services, LLCBroker
Robert W. Baird & CO. IncorporatedBroker
State Registrations22 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.