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Derek Damian

LPL Financial LLC
13 Years of Experience
Bingham Farms, MI
BrokerSells Insurance
View SEC Summary
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Derek Damian is a registered investment advisor at LPL Financial LLC, based in Bingham Farms, MI, with 13 years of industry experience. Derek 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 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28129 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

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

Location

32600 Telegraph Road, Suite 200, Bingham Farms, MI, 48025

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Derek is an employee and insurance agent for various independent insurance companies under the DBA Spartan Wealth Management, dedicating full-time hours to this. He is also an Independent Investment Advisor Representative with Cadaret Grant & Co. and Spartan Wealth Advisory Services, spending a significant amount of time servicing client accounts.

Employment History
Current Registrations
LPL Financial LLCBroker
July 2025 - Present · 1 yr 3 mos
Spartan Wealth Management
November 2024 - Present · 1 yr 11 mos
Previous Registrations
Cadaret, Grant & CO., INC.Broker
October 2020 - July 2025 · 4 yrs 9 mos
Cadaret Grant & CO INC
October 2020 - July 2025 · 4 yrs 9 mos
Cambridge Investment Research, INC.Broker
March 2020 - October 2020 · 7 mos
Cambridge Investment Research Advisors, INC.
March 2020 - October 2020 · 7 mos
Cambridge Investment Research Advisors, INC.
January 2014 - January 2020 · 6 yrs
Cambridge Investment Research, INC.Broker
January 2014 - January 2020 · 6 yrs
Hantz Financial Services, INC.
October 2013 - January 2014 · 3 mos
Hantz Financial Services, INC.Broker
August 2013 - January 2014 · 5 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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