TrueAdvisor
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NC
ChFC
NC
ChFC

Neal Cloer

Principal Securities, INC.
17 Years of Experience
Austin, TX
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Neal Cloer is a ChFC-designated registered investment advisor at Principal Securities, INC., based in Austin, TX, with 17 years of industry experience. Neal 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 51,941 clients with $17B in assets under management.

Principal Securities, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1709 advisors
Number of Clients
51,941 clients
Average Client Portfolio
$328K average
Assets Under Management
$17.0B

Fee Structure

Minimum Investment:$10K
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $150K1.75%
$150K - $250K1.75%
$250K - $500K1.75%
$500K - $1000K1.20%
$1M+1.10%

Fees are negotiable and collected quarterly in arrears. Schedule reflects the SEI Managed Account Solutions program maximum fees. Other programs utilize promoter fees ranging from 0.07% to 1.50% or asset-based fees up to 1.95%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

8310 N Capital of Texas Hwy, Bldg 1 Ste 175, Austin, TX, 78731

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History

Regulatory History (1)
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Criminal
February 2017
Final Disposition
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Neal works as an insurance agent selling various insurance products including life, disability, annuities, health, long-term care, Medicare supplements, and group products. This activity takes about 10% of his time, including time during trading hours.

Employment History
Current Registrations
Principal Securities, INC.
December 2016 - Present · 9 yrs 10 mos
Principal Securities, INC.Broker
August 2016 - Present · 10 yrs 2 mos
Previous Registrations
Metlife Securities INC.
June 2015 - June 2016 · 1 yr
Metlife Securities INC.Broker
September 2014 - June 2016 · 1 yr 9 mos
Prudential Financial Planning Services
October 2009 - September 2014 · 4 yrs 11 mos
Pruco Securities, LLC.Broker
August 2008 - September 2014 · 6 yrs 1 mo
State Registrations6 states
ARCOCTMAOKTX
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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