LK
Lyle M. Kraft
PRINCIPAL SECURITIES
Minot, ND
Some features on this profile are disabled
CRD#: 4947143
LK
Professional summary
Lyle M Kraft is a registered financial advisor currently at PRINCIPAL SECURITIES, INC. located in Minot, North Dakota.
Lyle is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 2005. Lyle has worked at 1 firm and has passed the Series 65, Series 63, SIE and Series 6 exams.
Question & Answer
Are you a "fiduciary"?
Yes
Aliases
None
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.
**GLENBURN PUBLIC SCHOOLS, 09/2010, SUBSTITUTE BUS DRIVER, SPORTS SCORE KEEPER. **OUTSIDE INSURANCE, SELLING AND SERVICING FIXED LIFE, FIXED ANNUITIES AND LONG-TERM CARE THROUGH VARIOUS CARRIERS, GROUP BENEFITS, MEDICAL/HEALTH, 2/16/15. **NEDROSE PUBLIC SCHOOL POSITION: Bus Driver NATURE: Bus Driver INVESTMENT RELATED: No NUMBER OF HOURS: 15 SECURITIES TRADING HOURS: 0 START DATE: 09/01/2021 ADDRESS: 5705 15th Ave SE, Minot SD 58701, United States DESCRIPTION: Part time activities bus driver. **NAIFA POSITION: Board Member for NAIFA National NATURE: Board Member/Officer/Director of an Organization INVESTMENT RELATED: No NUMBER OF HOURS: 2 SECURITIES TRADING HOURS: 2 START DATE: 07/25/2024 ADDRESS: 2405 4th Ave SW, Minot ND 58701, United States DESCRIPTION: I am no longer on the NAIFA ND State Board but continue to be an active member. I am still on the National NAIFA Chapter Quality Committee Board (CQC). This committee ensures that Chapters are adhering to their responsibilities as a component of NAIFA. I look at this position as a way of "giving back" to my insurance business. **GLENBURN BOOSTER CLUB POSITION: Glenburn Booster Club President NATURE: Board Member/Officer/Director of an Organization INVESTMENT RELATED: No NUMBER OF HOURS: 3 SECURITIES TRADING HOURS: 0 START DATE: 09/01/2024 ADDRESS: 102 Raymond Street, Glenburn ND 58740, United States DESCRIPTION: I helped start the Glenburn Booster Club about 20 years ago and was the President for about 10 years. I have always been an active member. I am being asked to be President again starting for the 2024-2025 school year. My responsibility is to organize and run meetings. The boosters club's role is to organize and run events for the school. We will also raise money and assist organizations at the school with uniforms and events. My main role is to organize and run the meetings. I will not be very involved in many of the day-to-day activities. **JESSE CLARK BUSINESS LLC POSITION: Employee and Benefits enroller for fixed life, health, and disability NATURE: null INVESTMENT RELATED: Yes NUMBER OF HOURS: 5 SECURITIES TRADING HOURS: 4 START DATE: 01/25/2025 ADDRESS: 2405 4th Ave SW, Minot ND 58701, United States DESCRIPTION: Enrolling Sanford employees and reviewing their employee benefits offered to them during their enrollment period and when they are newly eligible.
CRS (Client Relationship Summary) - RIA
Click below to view Lyle M Kraft's CRS (Customer Relationship Summary).
CRS (Client Relationship Summary) - BD
Click below to view Lyle M Kraft'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
May 20, 2017 - Present
PRINCIPAL SECURITIES, INC.
RIA
BD
CRD#: 1137
Minot, ND
Current
May 13, 2005 - Present
PRINCIPAL SECURITIES, INC.
RIA
BD
CRD#: 1137
Minot, ND
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".
PRINCIPAL SECURITIES, INC.
BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION
CRD#: 1137 / SEC#: 801-54949, 8-13975
RIA
Registered Investment Advisory firm - SEC (10/10/1997 Approved)BD
Broker-Dealer Firm Regulated by FINRA (Kansas City 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
Iowa(2/6/2024)
RR
Minnesota(12/6/2005)
RR
Montana(3/20/2017)
RR
North Dakota(6/21/2005)
IAR
North Dakota(5/20/2017)
RR
South Dakota(8/2/2011)
RR
Texas(1/13/2022)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
PRINCIPAL SECURITIES, INC.
BLC EQUITY SERVICES CORPORATION | PRINCOR FINANCIAL/ SERVICES CORPORATION | PRINCOR FINANCIAL SERVICES CORPORATION | PRINCIPAL SECURITIES, INC. | PRINCIPAL FINANCIAL SERVICES CORPORATION
CRD#: 1137 / SEC#: 801-54949, 8-13975
RIA
Registered Investment Advisory firm - SEC (10/10/1997 Approved)BD
Broker-Dealer Firm Regulated by FINRA (Kansas City district office)
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Contact information
Main Address
711 High Street, Des Moines, IA 50392
Mailing Address
Principal Financial Group 711 High Street, Des Moines, IA 50392-2080
Phone number
(888) 774-6267
Established
Iowa since 05/01/1968
Firm type
Corporation
Fiscal year end
December
Firm Size
Large
# of Employees
1,436
SEC notice filing (51 States and Territories)
FINRA licenses (52 States and Territories)
Documents
Direct owners and executive officers
| Name | Position | CRD# |
|---|---|---|
| PRINCIPAL FINANCIAL SERVICES, INC. | OWNER | |
| AGRAWAL, VIVEK | DIRECTOR | 8050381 |
| CLAIRE, CHAD THOMAS | CHIEF INFORMATION OFFICER | 7219218 |
| DROGAN, THOMAS JOHN | CHIEF COMPLIANCE OFFICER | 2760482 |
| FRIEDRICH, AMY CHRISTINE | DIRECTOR | 7097797 |
| LAWLER, CODY ANTHONY | HEAD OF SUPERVISION, HEAD OF OPERATIONS | 5162072 |
| MCCULLUM, KENNETH ALLEN | DIRECTOR | 4695257 |
| MURRAY, MICHAEL FRANCIS | PRESIDENT/CHIEF EXECUTIVE OFFICER/CHAIR | 2074275 |
| RANTS, DOUGLAS JOHN | CHIEF INFORMATION SECURITY OFFICER | 7148529 |
| ROBERTS, DAWN MARIE | CHIEF FINANCIAL OFFICER | 7929617 |
| SCHELHAAS, NATHAN PAUL | DIRECTOR | 7275495 |
| SPADAFORA, CRAIG ALAN | SENIOR VICE PRESIDENT / HEAD OF ADVISORY AND PLATFORM | 3184320 |
| VANWINKLE, DANIEL SIMON | PSI AML OFFICER | 4715191 |
Regulatory assets under management
| Total Number of Accounts | 63,730 |
| AUM (Assets Under Management) | $ 14,827,718,110 |
Disclosures
| Regulatory Event | 9 |
| Arbitration | 3 |
| Bond | 3 |
Accountant surprise examination report
| Filing Date | Form ADV-E Cover | Form ADV-E Report |
|---|---|---|
| 09/26/2025 | ||
| 10/28/2024 | ||
| 11/28/2023 | ||
| 09/22/2023 | ||
| 12/20/2022 |
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.
