William Shumate
William Shumate is a registered investment advisor at LPL Financial LLC, based in Hilton Head Island, SC, with 44 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
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.
Location
Hilton Head Island, SC
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Regulatory History
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.
Learn about disclosures →Other Business ActivitiesSells Insurance
William operates under the DBA Southmark Consulting, LLC for his LPL business and non-variable insurance activities. He also has interests in several real estate rental properties through M & B Investment Real Estate, LLC and Bouldin Properties, LLC, dedicating minimal time to M & B and a few hours per week to Bouldin Properties.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Kovack Securities INC.Broker
Kovack Advisors, INC.
Next Financial Group, INC.Broker
Next Financial Group, INC.
Fsc Securities Corporation
Fsc Securities CorporationBroker
Metlife Securities INC.Broker
Metropolitan Life Insurance CompanyBroker
Lincoln Financial Advisors CorporationBroker
Cigna Financial Advisors,inc.Broker
State Registrations5 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.