Ryan Schmidt is a registered investment advisor at LPL Enterprise, LLC, based in St Cloud, MN, with 8 years of industry experience. Ryan operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 86,726 clients with $19B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).
Location
14 North 7th Avenue, St Cloud, MN, 56303
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Ryan owns rental real estate, dedicating minimal time to it. He also coaches an independent Winter Drumline, spending about a quarter of his time on this activity. Finally, Ryan is a partner at Walker Creek Financial Group, spending about a quarter of his time and dedicating about a quarter of his time during trading hours.
Employment History
Current Registrations
LPL Enterprise, LLCBroker
LPL Enterprise, LLC
Previous Registrations
Northwestern Mutual Investment Services,llc
Northwestern Mutual Investment Services, LLCBroker
Wells Fargo Clearing Services, LLC
Wells Fargo Clearing Services, LLCBroker
State Registrations9 states
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