Edgar Montenegro
Edgar Montenegro is a registered investment advisor at LPL Enterprise, LLC, based in Melville, NY, with 15 years of industry experience. Edgar 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
445 Broadhollow Road, Suite 405, Melville, NY, 11747
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Regulatory History (3)
Regulatory
December 2023Financial
June 2020Customer Dispute
July 2014Other Business ActivitiesSells Insurance
Edgar is a non-profit board member for The Big I Suffolk County, dedicating minimal time to community education on insurance, fundraising, and membership. He also works with Nexus Point Advisors LLC selling various insurance products, spending about 10-20% of his time on this activity, and assists with his family business, Stiegelbauer Associates, on an emergency basis, dedicating minimal time.
Employment History
Current Registrations
LPL Enterprise, LLCBroker
LPL Enterprise, LLC
Previous Registrations
Pruco Securities, LLC.Broker
Prudential Financial Planning Services
MML Investors Services, LLC
MML Investors Services, LLCBroker
Park Avenue Securities LLCBroker
David Lerner Associates, INC.Broker
World Group Securities, INC.Broker
State Registrations10 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.