Derek Gerstner is a CFP-designated registered investment advisor at LPL Financial LLC, based in Hays, KS, with 21 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
1007 Cody Avenue, Hays, KS, 67601
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Derek is an independent insurance agent with Heritage Insurance Agency since 2012, though he spends no time on it currently. He also works in tax preparation/accounting with Simons Tax, Accounting and Financial Services, dedicating nearly full-time hours, and is a real estate partner with MGM Investment Holdings, LLC, spending minimal time on it. Finally, he sells Life, Health, and LTC insurance through AIMCOR Enterprise Insurance Group, dedicating a few hours per week.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Cadaret Grant & CO INC
Cadaret, Grant & CO., INC.Broker
Avantax Investment Services, INC.Broker
State Registrations23 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.