Locust Street Securities, Inc. is a large advisory firm based in Des Moines. It manages $205 million of regulatory assets for 1,582 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, Arkansas, California, and 41 other states.
Locust Street Securities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Locust Street Securities, Inc. is $205 million. The company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Locust Street Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
Karl Stephen Lindberg has been acting as President since 1 Jul 1999. Jacqueline Christine Conley joined the executive team most recently as the Secretary.
The principal office where Locust Street Securities, Inc. performs its advisory services is located at 909 Locust Street, Des Moines, IA 50309 9270, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 515-698-7300 or by fax 515-698-7886. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at locuststreet.com.