David Porro
David Porro is a ChFC-designated registered investment advisor at Summit Financial, LLC, based in Parsippany, NJ, with 31 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 3 more. Their firm serves 9,865 clients with $15B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Summit Financial offers various investment management programs. Financial advisors set their own advisory fees, but the maximum advisory fee for all programs is 1.50%. Clients in certain programs may also pay a program fee. Clients invested in the Tax-Deferred Strategies Portfolios are charged a monthly platform fee of $20/month by Nationwide, plus a "Low Cost Fund Platform Fee" up to 0.35% annually. Fees are negotiable.
Location
4 Campus Drive, Parsippany, NJ, 07054
Get directionsHistory
Regulatory History (2)
Regulatory
October 1985Employment Separation After Allegations
December 1984Other Business ActivitiesSells Insurance
David is an investment advisor representative (IAR) and the Director of Insurance for Summit Financial, dedicating full-time hours to providing financial advice. He also works as a Sales Manager with Mass Mutual, assisting with case design, underwriting, and carrier relationships, also full-time. David offers insurance as a broker or agent through numerous insurance companies and earns compensation based on sales.
Employment History
Current Registrations
Summit Financial, LLC
Purshe Kaplan Sterling InvestmentsBroker
Previous Registrations
Summit Equities INC
Summit Equities, INC.Broker
Aetna Investment Services, LLCBroker
W. S. Griffith & CO., INC.Broker
Cigna Securities, INC.Broker
Isfa CorporationBroker
Moseley, Hallgarten, Estabrook & Weeden, INC.Broker
Kidder, Peabody & CO. IncorporatedBroker
Painewebber IncorporatedBroker
State Registrations43 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.