RP
CFP
RP
CFP

Richard Probst

45 Years of Experience
Northville, MI
1 DisclosureBrokerSells Insurance

Richard Probst is a CFP-designated registered investment advisor at LPL Financial LLC, based in Northville, MI, with 45 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

301 N Center Street, Northville, MI, 48167

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History

Regulatory History (1)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
May 2005
Denied
Other Business ActivitiesSells Insurance

Richard is a registered investment advisor doing business as Fountainhead Financial Management, Inc. He also engages in real estate rental, refers clients to a mortgage company, supports a family business in agricultural recycling, and provides financial planning for a fixed fee. Richard spends about a quarter of his time on these activities.

Employment History
Current Registrations
LPL Financial LLC
July 2010 - Present · 15 yrs 10 mos
Fountainhead Financial Management, INC.
February 2010 - Present · 16 yrs 3 mos
LPL Financial LLCBroker
August 1989 - Present · 36 yrs 9 mos
Previous Registrations
Linsco/private Ledger CORP.
August 1991 - December 2006 · 15 yrs 4 mos
Thomson Mckinnon Securities INC.Broker
August 1984 - September 1989 · 5 yrs 1 mo
Painewebber IncorporatedBroker
May 1984 - August 1984 · 3 mos
Manley, Bennett, Mcdonald & COBroker
February 1981 - June 1984 · 3 yrs 4 mos
State Registrations15 states
AZCACOCTFLGAIAILKYMIMONCOHTNWA
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.
Richard Probst - Financial Advisor | TrueAdvisor