Firm Information
Compensation
Fee-Only (AUM)Fixed/HourlyFirm Size
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
CX Institutional charges a Program Fee based on a percentage of assets under management, up to 2.00%, but this fee is negotiable. The actual fee depends on factors like the representative assigned, assets invested, complexity, and servicing needs. Clients could pay different fees for similar services. There is a $10 quarterly fee per account, plus $2.50 per sleeve per quarter, and an additional $2.50 per account quarterly for account aggregation services. Financial planning clients typically pay 50% of the estimated fee as a retainer.
Areas of Practice
Advisor Information
Office location
200 East 7th Street, Auburn, IN, 46706
Get directionsContact
Douglas Edward LockwoodRegulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Douglas is an owner of CX Institutional LLC for tax and legal purposes only, since 2018. This takes minimal time.
Employment History
Current Registrations
Cx Institutional, LLC
Previous Registrations
Hefty Wealth Partners
LPL Financial LLC Broker
LPL Financial Corporation
Ami Investment Management INC
Ami Investment Management INC
Raffensperger, Hughes & Co., INC.Broker
MML Investors Services, INC. Broker
State Registrations1 state
Exams
Additional Information
Serving in the industry since 1988, Doug Lockwood brings a wealth of experience to all interactions, supporting clients with hard work, valuable insight, and humility. He is also a Certified Financial Planner™ and believes strongly in the power of partnership, especially partnership with a firm that delivers execution on service, planning, and investments. A part of the Credent story from the beginning, Doug was the Branch President and a Wealth Partner for Hefty Wealth Partners, which became Credent Wealth Management in 2018. He's seen the mission grow and create change in the lives of countless individuals, some of whom he's had the opportunity to guide through estate planning, charitable giving, and retirement.