DF
Derrick R. Formby
LPL ENTERPRISE
College Station, TX 77845
Some features on this profile are disabled
CRD#: 4861682
DF
Professional summary
Derrick Ray Formby, who also goes by Derrick Formby, is a registered financial advisor currently at LPL ENTERPRISE, LLC located in College Station, Texas.
Derrick is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2004. Derrick has worked at 5 firms and has passed the Series 66, Series 63, SIE and Series 7 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
Derrick Formby
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) 10/18/2011 - FIRST NATIONAL FINANCIAL SERVICES - Investment Related - At Reported Business Location(s) - DBA for LPL Business (entity for LPL business). (2) 05/11/2012 - FIRST NATIONAL FINANCIAL SERVICES - NON-VARIABLE INSURANCE - INV REL - At Reported Business Location(s) - LTCI CHOICES IS A LOCAL INSURANCE AGENT WHO PARTNERS WITH ME ON LTC PROSPECTS IN THE COMMUNITY. - 3% OF TIME SPENT (3) 03/28/2016 - First National Advisors - DBA for LPL Business (entity for LPL business) - INV REL - START 03/01/2016 - 489 Hwy 71 W, Bastrop, TX 78602 - This DBA performs all the normal activities on behalf of LPL Financial, and is not an RIA. - 40 HRS/MO; 32 HRS/MO DURING SECS TRDG HRS. (4) 04/04/2016 - NO BUSINESS NAME - Non-Variable Insurance - INV REL - START 03/01/2016 - 489 Hwy 71 W, Bastrop, TX 78602 - Independent agent for non-variable Life, Long Term Care and Disability Insurance - 4 HRS/MO; 2 HRS DURING SECS TRDG HRS.
CRS (Client Relationship Summary) - RIA
Click below to view Derrick Ray Formby's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Derrick Ray Formby's 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®
NoneExperience
Current
November 14, 2024 - Present
LPL ENTERPRISE, LLC
Office #1: 3206 Longmire Drive Suite A6, College Station, TX 77845RIA
BD
CRD#: 8733
College Station, TX
Current
November 14, 2024 - Present
LPL ENTERPRISE, LLC
Office #1: 3206 Longmire Drive Suite A6, College Station, TX 77845RIA
BD
CRD#: 8733
College Station, TX
Past
October 3, 2022 - November 14, 2024
PRUCO SECURITIES, LLC.
RIA
CRD#: 5685
College Station, TX
Past
October 3, 2022 - November 14, 2024
PRUCO SECURITIES, LLC.
BD
CRD#: 5685
College Station, TX
Past
October 11, 2011 - November 2, 2022
LPL FINANCIAL LLC
RIA
CRD#: 6413
BASTROP, TX
Past
October 11, 2011 - November 2, 2022
LPL FINANCIAL LLC
BD
CRD#: 6413
BASTROP, TX
Past
June 17, 2010 - October 11, 2011
UVEST FINANCIAL SERVICES GROUP, INC.
RIA
CRD#: 13787
BASTROP, TX
Past
June 17, 2010 - October 11, 2011
UVEST FINANCIAL SERVICES GROUP, INC.
BD
CRD#: 13787
BASTROP, TX
Past
August 31, 2007 - June 14, 2010
EDWARD JONES
RIA
CRD#: 250
BASTROP, TX
Past
November 10, 2004 - June 14, 2010
EDWARD JONES
BD
CRD#: 250
BASTROP, 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".
LE
LPL ENTERPRISE, LLC
APPALACHIAN INVESTMENT CORPORATION | LPLE | LPL ENTERPRISE, LLC | LPL ENTERPRISE | HARVEST FINANCIAL CORPORATION WILL DO INVESTMENT ADVISORY BUSINESS ONLY IN CALIFORNIA AS HARVEST ADVISORS | HARVEST FINANCIAL CORPORATION
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)BD
Broker-Dealer Firm Regulated by FINRA (Atlanta district office)
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.RR
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
RR
Florida(1/2/2025)
RR
New Jersey(11/14/2024)
RR
Texas(11/14/2024)
IAR
Texas(11/14/2024)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
LE
LPL ENTERPRISE, LLC
APPALACHIAN INVESTMENT CORPORATION | LPLE | LPL ENTERPRISE, LLC | LPL ENTERPRISE | HARVEST FINANCIAL CORPORATION WILL DO INVESTMENT ADVISORY BUSINESS ONLY IN CALIFORNIA AS HARVEST ADVISORS | HARVEST FINANCIAL CORPORATION
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)BD
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)
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 | 3 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 06/25/2025 |
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.
