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David Cormier

LPL Financial LLC
36 Years of Experience
Westwood, MA
3 DisclosuresBroker
View SEC Summary
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David Cormier is a registered investment advisor at LPL Financial LLC, based in Westwood, MA, with 36 years of industry experience. David is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

200 Lowder Brook Dr Ste 2100, Westwood, MA, 02090

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History

Regulatory History (3)
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.
Regulatory
December 2001
Final
Customer Dispute
March 2001
Denied
Customer Dispute
March 2001
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David operates Bay Financial Associates LLC as a DBA for his LPL business. This activity is investment-related.

Employment History
Current Registrations
LPL Financial LLC
December 2019 - Present · 6 yrs 10 mos
LPL Financial LLCBroker
November 2019 - Present · 6 yrs 11 mos
Previous Registrations
Janney Montgomery Scott LLC
October 2003 - December 2019 · 16 yrs 2 mos
Janney Montgomery Scott LLCBroker
October 2003 - December 2019 · 16 yrs 2 mos
Citigroup Global Markets INC.
November 1999 - October 2003 · 3 yrs 11 mos
Citigroup Global Markets INC.Broker
October 1999 - October 2003 · 4 yrs
Legg Mason Wood Walker, IncorporatedBroker
May 1998 - November 1999 · 1 yr 6 mos
Dean Witter Reynolds INC.Broker
August 1990 - May 1998 · 7 yrs 9 mos
State Registrations10 states
CTFLGALAMAMENCNJRIWY
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.
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