DP
DP
David Pelton
43 Years of Experience
Woodbury, NY
7 DisclosuresBroker
David Pelton is a registered investment advisor at Wells Fargo Advisors, based in Woodbury, NY, with 43 years of industry experience. Their practice areas include Business Owners, Divorce Planning, Education Planning, Financial Planning & Coaching, and 2 more. Their firm serves 1,327,695 clients with $610B in assets under management.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
14703 advisors
IM Fee
Planning only
Assets Under Management
$606.0B
Fee Structure
Minimum Investment:$250K
- Cash Flow Analysis — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Education Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Retirement Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Risk Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Wealth Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Divorce Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Special Needs Analysis — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Sports & Entertainment — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Business Owner Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
The total fee per engagement can range up to $5,000 for clients with a net worth of $250,000 to $500,000, up to $12,500 for clients with a net worth over $500,000 to $1,000,000, and up to $25,000 for clients with a net worth over $1,000,000. Fees are subject to negotiation and may vary.
One-Time Plan:Up to $25,000
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Location
88 Froehlich Farm Blvd, Woodbury, NY, 11797
Get directionsHistory
Regulatory History (7)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
February 2009Settled
Customer Dispute
November 2008Denied
Customer Dispute
March 2008Settled
Customer Dispute
October 2004Settled
Customer Dispute
June 2001Settled
Customer Dispute
August 1996Settled
Customer Dispute
February 1995Settled
Other Business Activities
I is an advisory board member for Chabad of Roslyn, a charitable religious organization, since 2020. This requires minimal time commitment.
Employment History
Current Registrations
Wells Fargo Advisors
July 2025 - Present · 10 mos
Wells Fargo Clearing Services, LLCBroker
July 2025 - Present · 10 mos
Previous Registrations
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
September 2016 - July 2025 · 8 yrs 10 mos
Merrill Lynch, Pierce, Fenner & Smith Incorporated
September 2016 - July 2025 · 8 yrs 10 mos
Morgan StanleyBroker
June 2009 - September 2016 · 7 yrs 3 mos
Morgan Stanley
June 2009 - September 2016 · 7 yrs 3 mos
Morgan Stanley & CO. Incorporated
January 2009 - June 2009 · 5 mos
Morgan Stanley & CO. IncorporatedBroker
January 2009 - June 2009 · 5 mos
UBS Financial Services INC.
September 2006 - January 2009 · 2 yrs 4 mos
UBS Financial Services INC.Broker
September 1995 - January 2009 · 13 yrs 4 mos
Smith Barney INC.Broker
July 1993 - September 1995 · 2 yrs 2 mos
Lehman Brothers INC.Broker
May 1992 - July 1993 · 1 yr 2 mos
Smith Barney, Harris Upham & CO., IncorporatedBroker
May 1989 - May 1992 · 3 yrs
Drexel Burnham Lambert IncorporatedBroker
January 1983 - May 1989 · 6 yrs 4 mos
State Registrations28 states
AZCACOCTDCDEFLGAILKYMAMDMEMIMNNCNHNJNYOHPASCTNTXVAVTWAWI
AdvisorBrokerBoth
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.
Exams
No exam information available for this advisor.