Springfield, MN Office

Team
Updated today
LPL Financial logo

LPL Financial

Institution

Firm-wide stats for LPL Financial

Total advisors

22,823

Across 10,503 offices

Clients per advisor

86 Typical

Avg AUM per client

$399,489 Typical

HNW client ratio

34% Very High

About

LPL Financial is a national broker‑dealer and SEC‑registered investment adviser that delivers advisory and brokerage services through a network of investment adviser representatives to individuals, retirement plan participants, banks, trust companies and other institutions. Its offerings include financial planning, wrap and model portfolio programs, third‑party asset management (TAMP) access, participant‑level retirement advice (IPA and OPA), and institutional platforms such as the Bank Wealth Program.

Advice and account management are provided primarily by IARs who may implement LPL Research model portfolios, third‑party subadvisors, or customized strategies on either a discretionary or non‑discretionary basis, with options spanning strategic and tactical allocations, direct indexing and alternative exposures. The brochure notes LPL’s use of machine‑learning and other advisor‑facing tools for operational and research support while stating those systems are not used to make investment decisions for clients.

What distinguishes LPL from many peers is the scale and breadth of its non‑advisory financial activities alongside its advisory platform—an affiliated insurance agency, a firm‑offered Secured Credit Account and credit‑card arrangements, and various recordkeeping and bank partnerships—combined with oversight of over $819 billion in discretionary assets and more than 22,800 advisors. The firm’s brochure also discloses multiple regulatory enforcement matters and indicates it does not advertise hypothetical performance in its materials.

Based on LPL Financial

Expertise

Wealth management Retirement income strategy College savings (529s, UTMA, etc.) Tax-loss harvesting Annuities

Based on LPL Financial

Occupation focus

Retired Founder/Business Owner Executive

Based on LPL Financial

Location

101 N Marshall Ave

Springfield MN 56087

Advisors at this office

5

Advisors at this office

user avatar

David M

CFP®, Series 63, Series 65

Springfield, MN

LPL Financial

David Milbrath is a CFP®-designated financial advisor with 35 years of industry experience. He is currently with LPL Financial, where he has worked for nine years, and has managed Prairie Plans Asset Management since 1991. Outside of his advisory work, he is involved in agricultural ventures, including raising feeder cattle, and holds positions in related businesses such as Red Rock Quarry, Inc. and Red Rock Farms, LLC. LPL Financial is a national broker-dealer and SEC-registered investment adviser serving individuals, retirement plan participants, banks, trust companies, and institutions. The firm offers a range of financial planning and investment management services through a large network of advisors, supported by research, technology, and a broad suite of financial and insurance products.

Wealth management Retirement income strategy College savings (529s, UTMA, etc.) Tax-loss harvesting Annuities Retired Founder/Business Owner Executive
user avatar

Jordan M

Series 66

Springfield, MN

LPL Financial

Jordan Milbrath is a financial advisor with LPL Financial in Springfield, MN, holding a Series 66 designation and bringing 12 years of industry experience. He previously worked at Investment Centers of America, Inc. and held a role with the Cleveland Indians. Outside of his advisory work, Milbrath volunteers as a firefighter with the Springfield Fire Department. LPL Financial is a national broker-dealer and SEC-registered investment adviser serving individuals, retirement plans, banks, trust companies, and institutions. The firm offers diverse advisory and brokerage services with access to model portfolios, third-party asset management, and institutional platforms.

Wealth management Retirement income strategy College savings (529s, UTMA, etc.) Tax-loss harvesting Annuities Retired Founder/Business Owner Executive
user avatar

John M

Series 66

Springfield, MN

LPL Financial

John Mueller is a financial advisor with LPL Financial in Springfield, MN, holding a Series 66 designation and 23 years of industry experience. Prior to joining LPL Financial in 2017, he worked for Investment Centers of America, Inc. for 14 years. Mueller is also involved with Prairie Plans Asset Management, a DBA entity related to his advisory business. LPL Financial is a national broker-dealer and SEC-registered investment adviser serving individuals, retirement plan participants, banks, trust companies, and institutions. The firm offers a range of advisory and brokerage services, including financial planning, model portfolio programs, third-party asset management, and institutional platforms, supported by a large network of investment adviser representatives.

Wealth management Retirement income strategy College savings (529s, UTMA, etc.) Tax-loss harvesting Annuities Retired Founder/Business Owner Executive
user avatar

Eli S

Series 66

Springfield, MN

LPL Financial

Eli Samuelson is a financial advisor with LPL Financial, holding a Series 66 designation and two years of industry experience. Prior to joining LPL Financial in 2023, he worked at Northwestern Mutual for one year and held positions in education at Augustana University and Comfrey Public School. LPL Financial is a national broker-dealer and SEC-registered investment adviser serving individuals, retirement plans, banks, trust companies, and institutions. The firm offers a broad range of advisory and brokerage services, including financial planning, model portfolios, third-party asset management, and institutional platforms.

Wealth management Retirement income strategy College savings (529s, UTMA, etc.) Tax-loss harvesting Annuities Retired Founder/Business Owner Executive
user avatar

Tyson C

Series 66

Springfield, MN

LPL Financial

Tyson Cotter is a financial advisor at LPL Financial based in Springfield, MN, holding a Series 66 designation with less than one year of industry experience. His background includes roles at St Cloud State, North Star Mutual Insurance, Rolling Hills Bank and Trust, and community involvement with McFarland Library and Heron Lake Okabena Schools. Outside of finance, he has operated TC's Tavern since 2021. LPL Financial is a national broker-dealer and SEC-registered investment adviser serving individual investors, retirement plan participants, banks, trust companies, and institutions. The firm offers a range of advisory and brokerage services, including financial planning, model portfolios, third-party asset management, and institutional platforms.

Wealth management Retirement income strategy College savings (529s, UTMA, etc.) Tax-loss harvesting Annuities Retired Founder/Business Owner Executive
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