Stephen T. Kernahan

LPL ENTERPRISE

ROSEMONT, IL 60018

Some features on this profile are disabled

CRD#: 3084581

Professional summary

Stephen Tallmadge Kernahan, who also goes by Stephen T Kernahan, Steve Kernahan, Stephen Kernahan, is a registered financial advisor currently at LPL ENTERPRISE, LLC located in Rosemont, Illinois.

Stephen is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1998. Stephen has worked at 15 firms and has passed the Series 66, Series 65, Series 63, Series 52TO, SIE, Series 7, Series 6, Series 53, Series 51, Series 24 and Series 26 exams.

Question & Answer

Are you a "fiduciary"?

Yes

Aliases

Stephen T Kernahan | Steve Kernahan | Stephen Kernahan

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) Midland Wealth Management, Ladue, Missouri, Investment Related, Advisor, assisting clients with their investment needs, 160 hrs/mo devoted and 120 hrs/mo during trading. 2) Midland States Bank, Ladue, Missouri, Investment Related, Employee, 160 hrs/mo devoted and 120 hrs/mo during trading. 3) AB Stevens Trust, United Kingdom, not investment related, Family Trust; Trustee of grandparent trust; I have no responsibilities to making investment decisions, Since 1990, 0 hrs/mo devoted and trading hours.

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Stephen Tallmadge Kernahan's CRS (Customer Relationship Summary).

CRS (Customer Relationship Summary)

CRS (Client Relationship Summary) - BD

Click below to view Stephen Tallmadge Kernahan'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

November 14, 2024 - Present

LPL ENTERPRISE, LLC

Office #1: 10275 W Higgins Road Suite 200, Rosemont, IL 60018

RIA

CRD#: 8733

ROSEMONT, IL

Current

November 14, 2024 - Present

LPL ENTERPRISE, LLC

Office #1: 10275 W Higgins Road Suite 200, Rosemont, IL 60018

RIA

CRD#: 8733

ROSEMONT, IL

Past

October 17, 2023 - November 14, 2024

PRUCO SECURITIES, LLC.

RIA

CRD#: 5685

DOWNERS GROVE, IL

Past

October 17, 2023 - November 14, 2024

PRUCO SECURITIES, LLC.

CRD#: 5685

DOWNERS GROVE, IL

Past

January 13, 2023 - October 6, 2023

RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC

RIA

CRD#: 149018

St. Louis, MO

Past

January 13, 2023 - October 6, 2023

RAYMOND JAMES FINANCIAL SERVICES, INC.

CRD#: 6694

Saint Louis, MO

Past

July 25, 2017 - July 26, 2022

U.S. BANCORP INVESTMENTS, INC.

RIA

CRD#: 17868

WEST ALLIS, WI

Past

July 21, 2017 - July 24, 2017

U.S. BANCORP INVESTMENTS, INC.

RIA

CRD#: 17868

WEST ALLIS, WI

Past

July 21, 2017 - July 26, 2022

U.S. BANCORP INVESTMENTS, INC.

CRD#: 17868

WEST ALLIS, WI

Past

April 4, 2016 - July 21, 2017

VALIC FINANCIAL ADVISORS, INC.

RIA

CRD#: 42803

CHICAGO, IL

Past

April 4, 2016 - July 21, 2017

VALIC FINANCIAL ADVISORS, INC.

CRD#: 42803

CHICAGO, IL

Past

September 18, 2014 - April 5, 2016

WADDELL & REED

RIA

CRD#: 866

CHICAGO, IL

Past

September 18, 2014 - April 5, 2016

WADDELL & REED

CRD#: 866

CHICAGO, IL

Past

November 2, 2012 - September 12, 2014

CONCOURSE FINANCIAL GROUP SECURITIES, INC.

RIA

CRD#: 15708

CHICAGO, IL

Past

June 8, 2012 - September 12, 2014

CONCOURSE FINANCIAL GROUP SECURITIES, INC.

CRD#: 15708

CHICAGO, IL

Past

August 20, 2009 - April 27, 2012

BLC FINANCIAL SERVICES, INC.

CRD#: 126638

CHICAGO, IL

Past

June 15, 2009 - July 27, 2009

LPL FINANCIAL LLC

RIA

CRD#: 6413

WHEELING, IL

Past

June 15, 2009 - July 27, 2009

LPL FINANCIAL LLC

CRD#: 6413

WHEELING, IL

Past

June 30, 2008 - September 8, 2008

ARGENTUS SECURITIES, LLC

CRD#: 45915

DALLAS, TX

Past

March 17, 2008 - June 30, 2008

CORNERSTONE FINANCIAL SERVICES, INC.

CRD#: 20627

GREENFIELD, IN

Past

April 26, 2006 - February 14, 2008

AMG DISTRIBUTORS, INC.

RIA

CRD#: 27314

CHICAGO, IL

Past

April 26, 2006 - February 14, 2008

AMG DISTRIBUTORS, INC.

CRD#: 27314

STAMFORD, CT

Past

February 18, 2005 - April 6, 2006

FIFTH THIRD SECURITIES, INC.

RIA

CRD#: 628

NILES, IL

Past

September 11, 2001 - April 6, 2006

FIFTH THIRD SECURITIES, INC.

CRD#: 628

NILES, IL

Past

February 9, 2001 - September 19, 2001

THE VARIABLE ANNUITY MARKETING COMPANY

CRD#: 5081

HOUSTON, TX

Past

February 9, 2001 - September 19, 2001

VALIC FINANCIAL ADVISORS, INC.

CRD#: 42803

HOUSTON, TX

Past

August 4, 2000 - February 9, 2001

LPL FINANCIAL LLC

CRD#: 6413

FORT MILL, SC

Past

March 8, 1999 - August 7, 2000

VALIC FINANCIAL ADVISORS, INC.

CRD#: 42803

HOUSTON, TX

Past

July 20, 1998 - August 7, 2000

THE VARIABLE ANNUITY MARKETING COMPANY

CRD#: 5081

HOUSTON, TX

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".

LPL ENTERPRISE, LLC

CRD#: 8733 / SEC#: 801-130883, 8-26037

RIA

Registered Investment Advisory firm - SEC (8/7/2024 Approved)

California

Registered Investment Advisory firm - SEC (11/29/2020 Terminated)

Ohio

Registered Investment Advisory firm - SEC (4/1/2023 Terminated)

Pennsylvania

Registered Investment Advisory firm - SEC (4/7/2023 Terminated)

Broker-Dealer Firm Regulated by FINRA (Atlanta district office)

Why is a state registration marked "Terminated"? When a firm registers with the SEC (usually after managing $100M+ AUM), it often withdraws separate state firm registrations unless required by that state. The firm can still serve clients there through its individually registered Investment Advisor Representatives (IARs).

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

Illinois
(11/14/2024)

IAR

Illinois
(11/14/2024)

Wisconsin
(11/14/2024)

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 66

Date: 9/25/2015

Uniform Combined State Law Examination

State Security Law Exam

IAR

Series 65

Date: 7/28/2000

Uniform Investment Adviser Law Examination

State Security Law Exam

Series 63

Date: 1/29/1999

Uniform Securities Agent State Law Examination

General Industry/Product Exam

Series 52TO

Date: 1/2/2023

Municipal Securities Representative Examination

General Industry/Product Exam

SIE

Date: 10/1/2018

Securities Industry Essentials Examination

General Industry/Product Exam

Series 7

Date: 4/13/2000

General Securities Representative Examination

General Industry/Product Exam

Series 6

Date: 7/18/1998

Investment Company Products/Variable Contracts Representative Examination

Principal/Supervisory Exam

Series 53

Date: 9/18/2017

Municipal Securities Principal Examination

Principal/Supervisory Exam

Series 51

Date: 5/23/2016

Municipal Fund Securities Principal Examination

Principal/Supervisory Exam

Series 24

Date: 2/17/2015

General Securities Principal Examination

Principal/Supervisory Exam

Series 26

Date: 11/10/2003

Investment Company Products/Variable Contracts Principal Examination

SRO Registrations

FINRA

Current Firm

LPL ENTERPRISE, LLC

CRD#: 8733 / SEC#: 801-130883, 8-26037

RIA

Registered Investment Advisory firm - SEC (8/7/2024 Approved)

California

Registered Investment Advisory firm - SEC (11/29/2020 Terminated)

Ohio

Registered Investment Advisory firm - SEC (4/1/2023 Terminated)

Pennsylvania

Registered Investment Advisory firm - SEC (4/7/2023 Terminated)

Broker-Dealer Firm Regulated by FINRA (Atlanta district office)

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Contact information

Main Address

1055 Lpl Way, Fort Mill, SC 29715

Mailing Address

1055 Lpl Way, Fort Mill, SC 29715

Phone number

(704) 733-3300

Established

Delaware since 05/25/2023

Firm type

Limited Liability Company

Fiscal year end

December

Firm Size

Large

# of Employees

4,650

SEC notice filing (53 States and Territories)

FINRA licenses (53 States and Territories)

Documents

Customer Relationship Summary (CRS / SEC)

Customer Relationship Summary (CRS / FINRA)

Latest Form ADV

Part 2 Brochures

A58 LPLE (3/31/2025)

Direct owners and executive officers

Name	Position	CRD#
LPL HOLDINGS, INC.	MANAGING MEMBER
HORAN-ADAMS, KIRBY LEPAK	CHIEF EXECUTIVE OFFICER. PRESIDENT	5097259
MALFITANO, STEVEN THOMAS	PRINCIPAL FINANCIAL OFFICER AND PRINCIPAL OPERATIONS OFFICER, FINOP	3178848
MORRISON, STEVEN PHILIP	SECRETARY	4529345
SHEEHAN, RICHARD STEVEN	SVP, CHIEF COMPLIANCE OFFICER	3096567

Regulatory assets under management

Total Number of Accounts	114,002
AUM (Assets Under Management)	$ 18,862,098,900

Disclosures

Regulatory Event

Accountant surprise examination report

Filing Date	Form ADV-E Cover	Form ADV-E Report
06/25/2025	Cover Page	Report

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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We're Here To Help

Advisor Monitoring

Firm Stability Insights

Stephen T. Kernahan

Professional summary

Question & Answer

Aliases

Other business activities

Blog Corner

CRS (Client Relationship Summary) - RIA

Click below to view Stephen Tallmadge Kernahan's CRS (Customer Relationship Summary).

CRS (Client Relationship Summary) - BD

Click below to view Stephen Tallmadge Kernahan's CRS (Customer Relationship Summary).

Certified licenses

Experience

LPL ENTERPRISE, LLC

PRUCO SECURITIES, LLC.

PRUCO SECURITIES, LLC.

RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC

RAYMOND JAMES FINANCIAL SERVICES, INC.

U.S. BANCORP INVESTMENTS, INC.

U.S. BANCORP INVESTMENTS, INC.

U.S. BANCORP INVESTMENTS, INC.

VALIC FINANCIAL ADVISORS, INC.

VALIC FINANCIAL ADVISORS, INC.

WADDELL & REED

WADDELL & REED

CONCOURSE FINANCIAL GROUP SECURITIES, INC.

CONCOURSE FINANCIAL GROUP SECURITIES, INC.

BLC FINANCIAL SERVICES, INC.

LPL FINANCIAL LLC

LPL FINANCIAL LLC

ARGENTUS SECURITIES, LLC

CORNERSTONE FINANCIAL SERVICES, INC.

AMG DISTRIBUTORS, INC.

AMG DISTRIBUTORS, INC.

FIFTH THIRD SECURITIES, INC.

FIFTH THIRD SECURITIES, INC.

THE VARIABLE ANNUITY MARKETING COMPANY

VALIC FINANCIAL ADVISORS, INC.

LPL FINANCIAL LLC

VALIC FINANCIAL ADVISORS, INC.

THE VARIABLE ANNUITY MARKETING COMPANY

Primary Firm SEC Registration

LPL ENTERPRISE, LLC

State Registrations and Notice Filings

Exams

Series 66

Date: 9/25/2015

Series 65

Date: 7/28/2000

Series 63

Date: 1/29/1999

Series 52TO

Date: 1/2/2023

SIE

Date: 10/1/2018

Series 7

Date: 4/13/2000

Series 6

Date: 7/18/1998

Series 53

Date: 9/18/2017

Series 51

Date: 5/23/2016

Series 24

Date: 2/17/2015

Series 26

Date: 11/10/2003

FINRA

Current Firm

LPL ENTERPRISE, LLC

Contact information

SEC notice filing (53 States and Territories)

FINRA licenses (53 States and Territories)

Documents

Part 2 Brochures

Direct owners and executive officers

Regulatory assets under management

Disclosures