David Penniall
David Penniall is a CFP-designated registered investment advisor at Beacon Pointe Advisors, LLC, based in Pasadena, CA, with 43 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, Investment Management, Retirement Planning, and 1 more. Their firm serves 18,377 clients with $40B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Beacon Pointe charges a percentage of your portfolio's value each year for investment advice. This fee is negotiable and can range from 0.50% to 1.50% annually, but there is a minimum quarterly fee of $1,250.
Beacon Pointe also uses third-party managers, and their fees are separate from Beacon Pointe's fees. Some clients may pay a percentage of profits from certain investments instead of a management fee. Clients in the American Funds F-2 Direct Program pay between 0.25% and 1.0% of the value of assets invested in the program. Clients in the sub-advisory program through SEI pay a 0.08% fee in addition to the advisory fee paid to Beacon Pointe.
Location
123 S. Marengo Ave., Pasadena, CA, 91101
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Regulatory 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 ActivitiesSells Insurance
David owns PHC, Inc., Penniall Management Company d/b/a Penniall Insurance Services, and ParagonSports International. He is also an independent insurance agent, a real estate agent, a member of AWM Capital LLC, a business manager for LLCs created by PHC, and an agent for Beacon Pointe Insurance Services, LLC, dedicating a few hours per week to selling life, health, and accident insurance.
Employment History
Current Registrations
Beacon Pointe Advisors, LLC
Previous Registrations
Bridge Advisory LLC
Addwealth Advisors, LLC
Awm Capital, LLC
United Planners' Financial Services of America a Limited PartnerBroker
Bridge Advisory LLC
Nrp Financial, INC.Broker
Pension Architects Advisory Group, LLC
Aig Financial Advisors, INC.Broker
Penniall & Associates, INC.
Sunamerica Securities, INC.
Sunamerica Securities, INC.Broker
Anchor National Financial Services, INC.Broker
State Registrations2 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.