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Darren Summers

18 Years of Experience
Clayton, MO
1 DisclosureBrokerSells Insurance

Darren Summers is a registered investment advisor at Ameriprise Financial Services, LLC, based in Clayton, MO, with 18 years of industry experience. Darren operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12781 advisors
Number of Clients
1,330,280 clients
Average Client Portfolio
$424K average
Assets Under Management
$564.6B

Fee Structure

Minimum Investment:$2K

Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.

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Location

7733 Forsyth Blvd Ste 950, Clayton, MO, 63105

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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
April 2018
Settled
Other Business ActivitiesSells Insurance

Darren is an independent insurance broker and principal since 2022, focusing on fixed annuities. This activity is investment-related.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
May 2022 - Present · 4 yrs
Ameriprise Financial Services, LLC
May 2022 - Present · 4 yrs
Ameriprise Financial Services, LLCBroker
May 2022 - Present · 4 yrs
Previous Registrations
Principal Securities, INC.
November 2014 - June 2022 · 7 yrs 7 mos
Principal Securities, INC.Broker
November 2014 - June 2022 · 7 yrs 7 mos
AXA Advisors, LLC
December 2008 - November 2014 · 5 yrs 11 mos
AXA Advisors, LLCBroker
December 2008 - November 2014 · 5 yrs 11 mos
Edward JonesBroker
July 2003 - September 2003 · 2 mos
Northwestern Mutual Investment Services, LLCBroker
February 2003 - August 2003 · 6 mos
Andrew Garrett INC.Broker
August 2002 - January 2003 · 5 mos
State Registrations10 states
AZCAFLIAILKSMDMEMOTX
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.
Darren Summers - Financial Advisor | TrueAdvisor