Richard Schmidt is a registered investment advisor at LPL Financial LLC, based in Charlotte, NC, with 49 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
Charlotte, NC
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Learn about disclosures →Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Morehead Investment Advisors, INC.Broker
Wheat, First Securities, INC.Broker
First Union Brokerage Services, INC.Broker
Gruntal & CO. IncorporatedBroker
L. F. Rothschild & CO. IncorporatedBroker
Kidder, Peabody & CO. IncorporatedBroker
Dean Witter Reynolds INC.Broker
E. F. Hutton & Company INCBroker
Smith Barney, Harris Upham & CO. INCBroker
Smith Barney, Harris Upham & CO., IncorporatedBroker
State Registrations10 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.