Richard
Prey

Principal Securities, Inc

CRD#2365238
Investment Advisor
in West Des Moines, IA
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About this Advisor

Richard Prey is an investment advisor who is based out of West Des Moines, Iowa. Currently an investment advisor at Principal Securities, Inc, Prey has an impressive 25 years of work experience in the financial advisory industry. Prey holds Series 63 and Series 66 licenses, which designate them as a securities broker. Prey is registered to serve investors based out of Iowa. During their career, the advisor has held roles at Principal Mutual Life Insurance Co/The P and Princor Financial Services Corporation. Principal Securities, Inc is located in West Des Moines, Iowa, and operates out of 354 other locations in the country. Overall, Principal Securities, Inc oversees $6 billion in assets across 28,235 client accounts and retains more than 1,687 people. The amount of assets the firm manages places it among the largest investment advisory firms in the country. The firm manages 12,357 accounts on a discretionary basis, meaning the advisor makes all of the buying and selling decisions on the client's behalf. Currently 2% of the advisory firm's investors are high-net-worth individuals, meaning they have greater than $1 million in investable assets. Principal Securities, Inc offers financial planning services, portfolio management for individuals and small businesses, selection of other advisers and educational seminars. The firm's fees may include asset-based, hourly, fixed and other fees.

Certifications and Registrations

Series 63, Series 66

Years of Experience

25 years

Services Offered

Financial planning services, Portfolio management for individuals and/or small businesses, Selection of other advisers, Educational seminars/workshops

Fee Structure

Percentage of Assets, Hourly Charges, Fixed Fees, Others

Disclosures

No

Office Location

6701 Westown Pkwy Ste 160
West Des Moines, IA 50266

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Principal Securities, Inc Brokerage Details

Total Assets Under Management

$6,109,839,100

IA Average: $9,259,360,772
Total Number of Employees

1,603

IA Average: 166
Total Number of Accounts

31,797

IA Average: 7,189
Average Account Size

$192,151

IA Average: $1,287,990

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Investment Advisory Services

  • Financial planning services
  • Portfolio management for individuals and/or small businesses
  • Selection of other advisers
  • Educational seminars/workshops

Richard Prey Work History

Richard has 25 years of experience.

1993 - Present (26 years)

Principal Mutual Life Insurance Co/The P

1993 - Present (26 years)

Princor Financial Services Corporation

Disclosures

Richard Prey has no disclosures.

Please visit their SEC profile for more details.

This content was compiled from the SEC and FINRA.

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