Louis Frates
Louis Frates is a registered investment advisor at Ameriprise Financial Services, LLC, based in Midlothian, VA, with 13 years of industry experience. Louis operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.
Location
Midlothian, VA
Get directionsHistory
Regulatory History (1)
Financial
January 2019Other Business Activities
Louis owns and manages an Ameriprise business. This activity is investment-related and takes about a quarter of his time, with about 20-39 hours during trading hours.
Employment History
Current Registrations
Ameriprise Financial Services, LLC
Ameriprise Financial Services, LLCBroker
Ameriprise Financial Services, LLC
Previous Registrations
Thompson Davis & CO., INC.Broker
Thompson Davis Asset Management
Wealthcare Capital Management LLC
Securities America, INC.Broker
Securities America Advisors, INC.
Wells Fargo Advisors, LLC
Wells Fargo Advisors, LLCBroker
Next Financial Group, INC.
Next Financial Group, INC.Broker
Nylife Securities LLCBroker
LPL Financial LLCBroker
State Registrations25 states
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.