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EA

Ernest Anderson

Lfn Advisors INC.
17 Years of Experience
Norton Shores, MI
1 DisclosureSells Insurance
View SEC Summary
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Ernest Anderson is a registered investment advisor at Lfn Advisors INC., based in Norton Shores, MI, with 17 years of industry experience. Ernest operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 3 more. Their firm serves 179 clients with $24M in assets under management.

Lfn Advisors INC.
Compensation
Fee-Only (% of Portfolio)
Firm Size
4 advisors
Number of Clients
179 clients
Average Client Portfolio
$132K average
Assets Under Management
$23.7M

Fee Structure

Minimum Investment:None
Planning is included in investment management
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $1.0M1.75%
$1.0M - $2.0M1.60%
$2.0M - $3.0M1.15%
$3M+0.90%

Fees shown represent the highest tier schedule for Strategic & Tactical portfolios managed through Gradient Investments. Other portfolio strategies (Allocation, Preservation, Legacy Tax Advantage, and non-Gradient portfolios) have different fee schedules ranging from 0.80% to 1.50%. Fees are negotiable and billed quarterly in arrears.

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

Location

800 E. Ellis Rd, Suite 243, Norton Shores, MI, 49441

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History

Regulatory History (1)
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Customer Dispute
March 2019
Closed-No Action
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Ernest is an insurance agent with Legacy Financial Network since 2017, dedicating about 10-20% of his time to insurance sales and services. He also works as a marketing consultant as a sole proprietor and is a minority partner in Oeconomous, a transition planning firm for advisors, dedicating minimal time to this.

Employment History
Current Registrations
Lfn Advisors INC.
May 2017 - Present · 9 yrs 5 mos
Previous Registrations
Waddell & Reed
December 2015 - November 2017 · 1 yr 11 mos
Waddell & ReedBroker
November 2015 - November 2017 · 2 yrs
Concorde Investment Services, LLCBroker
September 2012 - October 2014 · 2 yrs 1 mo
Voisard Asset Management Group
July 2012 - December 2015 · 3 yrs 5 mos
New England Securities Corporation
October 2011 - July 2012 · 9 mos
New England SecuritiesBroker
August 2011 - July 2012 · 11 mos
New England SecuritiesBroker
January 2011 - February 2011 · 1 mo
Signator Investors, INC.
March 2009 - August 2011 · 2 yrs 5 mos
Signator Investors, INC.Broker
January 2009 - August 2011 · 2 yrs 7 mos
State Registrations1 state
MI
Advisor

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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