Karl Timmerman is a registered investment advisor at LPL Enterprise, LLC, based in Quaker Hill, CT, with 2 years of industry experience. Karl 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
Quaker Hill, CT
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Karl is an ETV1 in the U.S. Navy Reserves, dedicating a few hours per week to training. Karl is also the manager of Port & Stbd Financial Group LLC for legal protection, dedicating about a quarter of his time.
Employment History
Current Registrations
LPL Enterprise, LLCBroker
LPL Enterprise, LLC
LPL Enterprise, LLC
Previous Registrations
First Command Advisory Services
First Command Brokerage Services, INC.Broker
State Registrations5 states
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