Erik Herstad is a registered investment advisor at Cx Institutional, LLC, based in Auburn, IN, with 11 years of industry experience. Erik operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Investment Management, and 2 more. Their firm serves 4,077 clients with $4.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
CX Institutional charges a percentage of the value of your investments, and this fee is negotiable up to 2.0%. The exact fee depends on factors like the representative assigned to your account, the amount you invest, the complexity of your situation, and your servicing needs. Clients also pay a $10 quarterly fee per account, plus $2.50 per sleeve per quarter, and an additional $2.50 per account quarterly for account aggregation services.
Location
200 East 7th Street, Auburn, IN, 46706
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Regulatory History (1)
Customer Dispute
February 2025Other Business Activities
Erik works as a notary, dedicating minimal time to this activity. This activity is not investment-related.
Employment History
Current Registrations
Cx Institutional, LLC
Previous Registrations
Cxi Advisors, LLC
Hefty Wealth Partners
LPL Financial LLCBroker
Proequities, INC.Broker
Everence Trust Company
State Registrations2 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.