Merrill
47yrs
Top advisor by experience in Wayzata
34yrs
Patrick Murphy is a fiduciary financial advisor in Wayzata, Minnesota, with 34 years in the industry. Patrick joined LPL Financial in 2021, after eight years at Ameriprise Financial Services and four years at RBC Capital Markets. LPL Financial offers financial planning, investment management, and educational workshops and is paid through a percentage of assets, hourly fees, and flat fees.
One of 467 advisors with offices in Wayzata, and one of 436 fiduciaries.
At a glance
Experience34 years (since 1992)
How that compares ?Top 9% by experience in Minnesota
Office294 Grove Ln E Suite 160, Wayzata, MN 55391
FirmLPL Financial
How the firm is paid ?Percent of assets, Hourly, Flat fee
Typical client at the firm ?$399,489
Advisors at the firm23,459
States licensed ?2 states
Services through LPL Financial
Financial planningInvestment management for individuals and small businessesInvestment management for businesses and institutionsEducational seminars and workshopsOther services
Specialties, designations like CFP®, and languages spoken appear here when advisors claim their profiles.
Licenses
Exams passed, from the official record. Tap a license to see what it allows.
Career
- 2021 – nowLPL Financial LLCCurrent firm
- 2013 – 2021Ameriprise Financial Services, LLCPreviously
- 2009 – 2013RBC Capital Markets, LLCPreviously
Contact Patrick
(704) 733-3300Firm headquarters in Fort Mill, SC. Ask for Patrick. 294 Grove Ln E Suite 160Wayzata, MN 55391Office · Get directions Facebook pageLPL Financial
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Questions to ask Patrick
Tailored to Patrick’s registration and firm.
- What's your succession plan, and who would work with me if you retire?
- At a firm this size, will I work with you directly or with a service team?
- What does a financial plan with you include, and how often is it updated?
- Where would my money be held, and will I get statements directly from that firm?
- What would I pay in total each year, in dollars, including fund and trading costs?
My notes and scorecard
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About Patrick
How do I contact Patrick?
Call LPL Financial at (704) 733-3300 and ask for Patrick Murphy. Patrick works from the Wayzata, MN office.
How long has Patrick been a financial advisor?
Patrick has been in the industry since 1992, about 34 years. Top 9% by experience in Minnesota.
What licenses does Patrick hold?
Series 63, Series 66. Tap any license on this page to see what it allows.
Is Patrick a fiduciary?
Patrick is registered as an investment advisor representative, which carries a fiduciary duty when giving investment advice.
How is Patrick paid?
LPL Financial reports being paid by a percentage of the assets they manage, hourly fees, flat or fixed fees. Ask Patrick for your total yearly cost in dollars.
Official record as of October 3, 2026.
This profile is for information only and is not financial advice or a recommendation.
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