Stephen Palen
Stephen Palen is a registered investment advisor at Ameriprise Financial Services, LLC, based in Brainerd, MN, with 49 years of industry experience. Stephen operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 1,330,280 clients with $560B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Ameriprise Financial Services offers several managed account programs. The fees vary depending on the program selected. These fees include an asset-based fee, which covers investment advisory services and investment management fees. Some accounts may also have an Investments and Infrastructure Support Fee. Clients also pay investment costs, which are the underlying fees related to investment products purchased within the managed account. Additional fees and expenses may be incurred based on the nature of the investments.
Location
315 E River Rd, Brainerd, MN, 56401
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Stephen owns rental real estate since 2018 and has a consulting business. He also is involved with Peak Management LLC, handling recruiting, compliance, practice management, and other activities; these activities each take about a third of his time.
Employment History
Current Registrations
Ameriprise Financial Services, LLC
Ameriprise Financial Services, LLC
Ameriprise Financial Services, LLCBroker
Previous Registrations
Ids Life Insurance CompanyBroker
Ids Financial Services INC.Broker
State Registrations3 states
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