Scott Newman is a registered investment advisor at LPL Enterprise, LLC, based in Sioux Falls, SD, with 16 years of industry experience. Scott 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
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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
309 W 43rd Street, Suite 107, Sioux Falls, SD, 57105
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Scott is a business owner of Newman Properties LLC, which consists of a car wash and storage units, since 2022. He spends a few hours per week on maintenance and cleaning.
Employment History
Current Registrations
LPL Enterprise, LLC
LPL Enterprise, LLCBroker
Previous Registrations
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
Farmers Financial Solutions, LLCBroker
State Registrations7 states
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