Ernest Anderson
Ernest Anderson is a registered investment advisor at Lfn Advisors INC., based in Muskegon, 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 Estate Planning, Insurance Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 95 clients with $16M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.50% |
This is LFN's direct management fee. LFN also uses Gradient Investments as a third-party manager, with fees ranging from 0.80% to 1.75% depending on the portfolio type and amount invested. Client-directed accounts have a flat quarterly fee of $60.
Fee Estimator
Location
700 Terrace Point Dr., Suite 325, Muskegon, MI, 49440
Get directionsHistory
Regulatory History (1)
Customer Dispute
March 2019Other 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.
Previous Registrations
Waddell & Reed
Waddell & ReedBroker
Concorde Investment Services, LLCBroker
Voisard Asset Management Group
New England Securities Corporation
New England SecuritiesBroker
New England SecuritiesBroker
Signator Investors, INC.
Signator Investors, INC.Broker
State Registrations1 state
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.