BC
BC

Bilal Colbert

10 Years of Experience
Hanover, MD
Broker

Bilal Colbert is a registered investment advisor at LPL Financial LLC, based in Hanover, MD, with 10 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

7065 Arundel Mills Circle, Hanover, MD, 21076

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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

Bilal operates Tower Wealth Management as a DBA for his LPL business. This activity is investment-related and conducted at his reported business location.

Employment History
Current Registrations
LPL Financial LLC
May 2021 - Present · 5 yrs
LPL Financial LLCBroker
May 2021 - Present · 5 yrs
LPL Financial LLC
May 2021 - Present · 5 yrs
Previous Registrations
E*trade Capital Management, LLC
July 2019 - April 2021 · 1 yr 9 mos
E*trade Securities LLCBroker
July 2019 - April 2021 · 1 yr 9 mos
TD Ameritrade, INC.
February 2017 - February 2019 · 2 yrs
TD Ameritrade Investment Management, LLC
February 2017 - February 2019 · 2 yrs
TD Ameritrade, INC.Broker
February 2017 - February 2019 · 2 yrs
Merrill Lynch, Pierce, Fenner & Smith Incorporated
March 2015 - February 2017 · 1 yr 11 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
January 2015 - February 2017 · 2 yrs 1 mo
State Registrations24 states
AKALAZCODCDEFLGAHIIAMAMDMINCNJNMNYORPASCTNTXVAWV
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.