TrueAdvisor
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BH
CFP · ChFC
BH
CFP · ChFC

Brad Herman

LPL Financial LLC
12 Years of Experience
Barrington, IL
Broker
View SEC Summary
View SEC Summary

Brad Herman is a CFP, ChFC-designated registered investment advisor at LPL Financial LLC, based in Barrington, IL, with 12 years of industry experience. Brad 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

201 South Grove Avenue, Barrington, IL, 60010

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History

Regulatory History
Clean regulatory record

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.

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Other Business Activities

Brad operates under the DBA BMO Investment Services for his LPL business since March 2021. He also serves as a Director at BMO Bank NA since September 2023, dedicating full-time hours during trading.

Employment History
Current Registrations
LPL Financial LLC
March 2021 - Present · 5 yrs 7 mos
LPL Financial LLC
March 2021 - Present · 5 yrs 7 mos
LPL Financial LLCBroker
March 2021 - Present · 5 yrs 7 mos
Previous Registrations
BMO Harris Financial Advisors, INC
July 2019 - March 2021 · 1 yr 8 mos
BMO Harris Financial Advisors, INC.Broker
July 2019 - March 2021 · 1 yr 8 mos
Mutual Advisors, LLC
February 2018 - May 2019 · 1 yr 3 mos
Mutual Securities, INC.Broker
February 2018 - May 2019 · 1 yr 3 mos
Investacorp Advisory Services INC
September 2016 - February 2018 · 1 yr 5 mos
Investacorp, INC.Broker
July 2016 - February 2018 · 1 yr 7 mos
Centara Capital Management Group, INC.
October 2007 - March 2009 · 1 yr 5 mos
Centara Capital Securities, INC.Broker
September 2006 - March 2009 · 2 yrs 6 mos
State Registrations1 state
IL
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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