Vinay Phommachanh is a registered investment advisor at LPL Financial LLC, based in Rockford, IL, with 24 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
2705 N Mulford Road, Rockford, IL, 61114
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Vinay operates under the DBA BMO Investment Services for his LPL business since 2021. He also owns Bamboo Enterprises, Inc., an investment-related business, dedicating about a quarter of his time since 2009.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
BMO Harris Financial Advisors, INC.Broker
BMO Harris Financial Advisors, INC
Amcore Investment Services, INC
Amcore Investment Services, INCBroker
Park Avenue Securities LLCBroker
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations16 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.