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Phillip Askot

LPL Financial LLC
47 Years of Experience
Wauwatosa, WI
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Phillip Askot is a registered investment advisor at LPL Financial LLC, based in Wauwatosa, WI, with 47 years of industry experience. Phillip is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28129 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

631 N. Mayfair Rd, Wauwatosa, WI, 53226

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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
February 2002
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Phillip is an agent/broker for fixed insurance since 1997, but is phasing out this activity. He receives renewal/trailing commissions on old insurance policies, dedicating minimal time during securities trading hours.

Employment History
Current Registrations
LPL Financial LLC
June 2025 - Present · 1 yr 4 mos
LPL Financial LLCBroker
June 2025 - Present · 1 yr 4 mos
Previous Registrations
Western International Securities
August 2017 - June 2025 · 7 yrs 10 mos
Western International Securities, INC.Broker
August 2017 - June 2025 · 7 yrs 10 mos
Financial West Group
January 2008 - August 2017 · 9 yrs 7 mos
Financial West Group
December 2007 - December 2007 · 0 mos
Financial West GroupBroker
February 2002 - August 2017 · 15 yrs 6 mos
Walnut Street Securities, INC.Broker
December 1992 - February 2002 · 9 yrs 2 mos
Linsco/private Ledger CORP.Broker
July 1986 - December 1992 · 6 yrs 5 mos
Stifel, Nicolaus & Company, IncorporatedBroker
October 1981 - May 1986 · 4 yrs 7 mos
St. Paul Investors, INC.Broker
May 1980 - October 1981 · 1 yr 5 mos
Mutual of Omaha Fund Management CompanyBroker
November 1978 - September 1979 · 10 mos
State Registrations10 states
CAGAILMDMIMNNYPATXWI
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.
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