Herbert E. Modglin

FIVE TALENTS FINANCIAL MANAGEMENT GROUP LLC

West Des Moines, IA 50266

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CRD#: 2147334

Professional summary

Herbert Edward Modglin, who also goes by Ed Modglin, is a registered financial advisor currently at FIVE TALENTS FINANCIAL MANAGEMENT GROUP LLC located in West Des Moines, Iowa and LPL FINANCIAL LLC located in West Des Moines, Iowa.

Herbert is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1991. Herbert has worked at 12 firms and has passed the Series 65, Series 63, SIE, Series 31, Series 7, Series 24 and Series 8 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Ed Modglin

Other business activities

Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.

1) 10/08/2015: Herbert Edward Modglin - Non-Variable Insurance - Investment Related - At Reported Business Location(s) - Start 06/17/2015 - 20 Hr/Mo; 10% Time Spent - agent soliciting life and term insurance 2) 10/08/2015: Five Talents Financial Management Group - DBA for LPL Business (entity for LPL business) - Investment Related - At Reported Business Location(s) - Start 06/29/2015 - 160 Hr/Mo; 100% Time Spent 3) 10/08/2015: Signature Financial Services - Business Entity For Tax/Investment Purposes Only - Investment Related - At Reported Business Location(s) - Start 06/17/2015 - not held out to public 4) 1/26/2021 - Five Talents Financial Management Group - DBA: (Hybrid) Five Talents Financial Management Group - Investment Related - At Reported Business Location(s) - Registered Investment Advisor Hybrid - IAR - Started 11/04/2020 - 200 Hours Per Month/6 Hours During Securities Trading - I provide investment advisory services through Five Talents Financial Management Group, an independent investment advisor firm. I started this business activity in 11/2020. I expect to spend approximately 200 hours per month on this activity. Please see the advisory firm's Form ADV for more information about its address, the nature of its business, its owners, and its services at http://www.adviserinfo.sec.gov/IAPD. The firm is separate from and independent of LPL Financial.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Herbert Edward Modglin's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

Certified licenses

Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®

None

Experience

Current

August 11, 2020 - Present

FIVE TALENTS FINANCIAL MANAGEMENT GROUP LLC

Office #1: 1441 29th Street Ste 310, West Des Moines, IA 50266

RIA

CRD#: 307987

West Des Moines, IA

Current

October 8, 2015 - Present

LPL FINANCIAL LLC

Office #1: 1441 29th St, Ste 310, West Des Moines, IA 50266

RIA

CRD#: 6413

West Des Moines, IA

Past

October 13, 2015 - November 4, 2020

BALEFIRE, LLC

RIA

CRD#: 168733

DALLAS, TX

Past

November 29, 2013 - October 12, 2015

INVESTACORP, INC.

CRD#: 7684

URBANDALE, IA

Past

November 17, 2009 - December 2, 2013

BROKER DEALER FINANCIAL SERVICES CORP.

CRD#: 8073

URBANDALE, IA

Past

December 9, 2008 - December 8, 2015

SUCCESSFUL RESOURCE MANAGEMENT, LTD.

RIA

CRD#: 110317

URBANDALE, IA

Past

November 24, 2008 - November 13, 2009

SECURITIES AMERICA, INC.

CRD#: 10205

WEST DES MOINES, IA

Past

July 3, 2007 - November 19, 2008

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

RIA

CRD#: 116407

PLYMOUTH, MN

Past

July 2, 2007 - November 19, 2008

WEALTH ENHANCEMENT BROKERAGE SERVICES, LLC

CRD#: 130139

PLYMOUTH, MN

Past

October 17, 2003 - November 25, 2008

LPL FINANCIAL LLC

RIA

CRD#: 6413

WEST DES MOINES, IA

Past

October 13, 2003 - November 25, 2008

LPL FINANCIAL LLC

CRD#: 6413

WEST DES MOINES, IA

Past

October 1, 2003 - October 14, 2003

AMERIPRISE ADVISOR SERVICES, INC.

RIA

CRD#: 5979

WEST DES MOINES, IA

Past

November 18, 1993 - October 14, 2003

AMERIPRISE ADVISOR SERVICES, INC.

CRD#: 5979

DETROIT, MI

Past

June 10, 1993 - September 24, 1993

A. G. EDWARDS & SONS, INC.

CRD#: 4

ST. LOUIS, MO

Past

October 4, 1991 - February 19, 1993

AMERIPRISE ADVISOR SERVICES, INC.

CRD#: 5979

DETROIT, MI

Past

July 8, 1991 - October 2, 1991

NEXT ADVISORS INC.

CRD#: 14612

GARFIELD HEIGHTS, OH

Primary Firm SEC Registration

This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".

FIVE TALENTS FINANCIAL MANAGEMENT GROUP LLC

CRD#: 307987 / SEC#: 801-119235

RIA

Registered Investment Advisory firm - (8/7/2020 Approved)

State Registrations and Notice Filings

Listed states reflect where the advisor is authorized to serve clients under state regulations.

IAR

means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.

indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.

Visual representation of state registrations

Arizona
(5/5/2016)

Arkansas
(10/8/2015)

Colorado
(10/22/2020)

Florida
(10/20/2020)

Illinois
(11/6/2020)

Iowa
(10/9/2015)

IAR

Iowa
(8/12/2020)

Kansas
(5/9/2016)

Minnesota
(10/22/2020)

Missouri
(10/8/2015)

Nebraska
(5/31/2019)

North Carolina
(8/28/2023)

Oregon
(10/22/2020)

South Dakota
(10/8/2015)

Tennessee
(5/19/2021)

Texas
(10/8/2015)

IAR

Texas
(8/11/2020)

Virginia
(11/20/2023)

Don't see your state listed? The advisor may still be able to work with you under the federal De Minimis Rule, which allows up to five investment advisory clients in a state without registration. Some states, like TX, LA, NE, and NH, may still require registration or notice filing. Contact the advisor or their firm to confirm their investment advisory availability in your state. Note: This rule does not apply to broker-dealer activity.

Exams

State Security Law Exam

IAR

Series 65

Date: 9/30/2003

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 6/27/1991

Uniform Securities Agent State Law Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 31

Date: 2/21/2006

Futures Managed Funds Examination

General Industry/Product Exam

Series 7

Date: 7/3/1991

General Securities Representative Examination

Principal/Supervisory Exam

Series 24

Date: 8/21/1997

General Securities Principal Examination

Principal/Supervisory Exam

Series 8

Date: 3/4/1994

General Securities Sales Supervisor Examination (Options Module & General Module)

SRO Registrations

FINRA

Current Firm

FIVE TALENTS FINANCIAL MANAGEMENT GROUP LLC

CRD#: 307987 / SEC#: 801-119235

RIA

Registered Investment Advisory firm - (8/7/2020 Approved)

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Contact information

Main Address

1441 29th Street Ste 310, West Des Moines, IA 50266

Mailing Address

Phone number

(515) 223-7487

Established

Firm type

Fiscal year end

# of Employees

SEC notice filing (9 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Latest Form ADV

Part 2 Brochures

ADV 2A (3/4/2025)

Regulatory assets under management

Total Number of Accounts	1,056
AUM (Assets Under Management)	$ 210,441,524

Red Flags

Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.

Check for any disclosures as part of your thorough research when choosing an advisor.

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Advisor Monitoring

Firm Stability Insights

Herbert E. Modglin

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Herbert Edward Modglin's CRS (Customer Relationship Summary).

Certified licenses

Experience

LPL FINANCIAL LLC

BALEFIRE, LLC

INVESTACORP, INC.

BROKER DEALER FINANCIAL SERVICES CORP.

SUCCESSFUL RESOURCE MANAGEMENT, LTD.

SECURITIES AMERICA, INC.

WEALTH ENHANCEMENT ADVISORY SERVICES, LLC

WEALTH ENHANCEMENT BROKERAGE SERVICES, LLC

LPL FINANCIAL LLC

LPL FINANCIAL LLC

AMERIPRISE ADVISOR SERVICES, INC.

AMERIPRISE ADVISOR SERVICES, INC.

A. G. EDWARDS & SONS, INC.

AMERIPRISE ADVISOR SERVICES, INC.

NEXT ADVISORS INC.

Primary Firm SEC Registration

FIVE TALENTS FINANCIAL MANAGEMENT GROUP LLC

State Registrations and Notice Filings

Exams

Series 65

Date: 9/30/2003

Series 63

Date: 6/27/1991

SIE

Date: 10/1/2018

Series 31

Date: 2/21/2006

Series 7

Date: 7/3/1991

Series 24

Date: 8/21/1997

Series 8

Date: 3/4/1994

FINRA

Current Firm

FIVE TALENTS FINANCIAL MANAGEMENT GROUP LLC

Contact information

SEC notice filing (9 States and Territories)

Documents

Part 2 Brochures

Regulatory assets under management

Red Flags

Company Information

FIVE TALENTS FINANCIAL MANAGEMENT GROUP LLC

TRUST BUT VERIFY

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