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Wayne Trahms

LPL Financial LLC
53 Years of Experience
Rochester, MN
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Wayne Trahms is a registered investment advisor at LPL Financial LLC, based in Rochester, MN, with 53 years of industry experience. Wayne 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

1530 Greenview Drive, Southwest Suite 103, Rochester, MN, 55902

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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
February 2022
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Wayne is involved in several business activities, including farming through multiple LLCs and insurance sales. He dedicates full-time hours to both his LPL business and non-variable insurance sales, and minimal time to the farming activities.

Employment History
Current Registrations
LPL Financial LLC
October 2024 - Present · 2 yrs
LPL Financial LLCBroker
October 2024 - Present · 2 yrs
Previous Registrations
LPL Financial LLC
October 2024 - October 2024 · 0 mos
Packerland Brokerage Services, INC.
May 2018 - October 2024 · 6 yrs 5 mos
Packerland Brokerage Services, INC.
May 2015 - May 2015 · 0 mos
Packerland Brokerage Services, INC.Broker
January 2006 - October 2024 · 18 yrs 9 mos
Packerland Brokerage Services, INC.
January 2006 - September 2013 · 7 yrs 8 mos
Multi-Financial Securities CorporationBroker
August 1999 - December 2005 · 6 yrs 4 mos
Royal Alliance Associates, INC.Broker
September 1994 - August 1999 · 4 yrs 11 mos
Planned Investments INC.Broker
July 1991 - December 1992 · 1 yr 5 mos
Ifg Network Securities, INC.Broker
April 1991 - September 1994 · 3 yrs 5 mos
American Express Financial Advisors INC.Broker
July 1973 - April 1991 · 17 yrs 9 mos
Ids Life Insurance CompanyBroker
July 1973 - April 1991 · 17 yrs 9 mos
Ids Financial Services INC.Broker
July 1973 - December 1986 · 13 yrs 5 mos
State Registrations8 states
AZFLHIIAMNNDORWI
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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