James Sommerfield is a registered investment advisor at LPL Financial LLC, based in Chicago, IL, with 28 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
231 S La Salle St # 13, 13th Floor, Chicago, IL, 60604
Get directionsHistory
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 Activities
James works as a Senior Compliance Officer for Great Lakes Advisors, dedicating about a quarter of his time to compliance functions, reviewing marketing materials, regulatory filings, and internal audits. This position began in 2001 and has been reviewed to ensure it doesn't interfere with his responsibilities or appear as part of WTI's business.
Employment History
Current Registrations
LPL Financial LLCBroker
LPL Financial LLC
Great Lakes Advisors, LLC
Previous Registrations
Focused Investments L.L.C.Broker
Wintrust Investments
Great Lakes Advisors, LLC
Wintrust Investments LLCBroker
Focused Investments L.L.C.Broker
Wayne Hummer Investments L.L.C.Broker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
State Registrations1 state
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.