AK
AK

Andrew Koistinen

11 Years of Experience
Spearfish, SD
Broker

Andrew Koistinen is a registered investment advisor at LPL Financial LLC, based in Spearfish, SD, with 11 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.

Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
27420 advisors
Number of Clients
1,676,192 clients
Average Client Portfolio
$369K average
Assets Under Management
$618.9B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)

LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.

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Location

617 Dahl Road, Suite B, Spearfish, SD, 57783

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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 Activities

Andrew operates Black Elk Financial as a DBA for his LPL business, dedicating full-time hours to it. He also has AKH & H LLC for tax/investment purposes, requiring minimal time.

Employment History
Current Registrations
LPL Financial LLC
July 2021 - Present · 5 yrs 2 mos
LPL Financial LLC
July 2021 - Present · 5 yrs 2 mos
LPL Financial LLCBroker
July 2021 - Present · 5 yrs 2 mos
Previous Registrations
Waddell & Reed
April 2015 - July 2021 · 6 yrs 3 mos
Waddell & ReedBroker
October 2014 - July 2021 · 6 yrs 9 mos
State Registrations6 states
CADCILMNSDVA
AdvisorBrokerBoth

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.
Andrew Koistinen - Financial Advisor | TrueAdvisor