David King
David King is a registered investment advisor at Allstate Financial Advisors, LLC, based in Macomb, IL, with 42 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 280 clients with $82M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Allstate Financial Advisors (AFA) uses Fidelity Institutional Wealth Adviser's (FIWA) FMAX wrap fee program. The fee covers investment advice and trading costs, based on a percentage of the assets managed, up to 1.5%. AFA receives part of this fee, creating a potential conflict of interest. Clients should compare the FMAX program's overall cost and service with other options, including brokerage accounts and other advisor programs.
Location
28 W Side Sq, Macomb, IL, 61455-2199
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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 receives trails from OSG Insurance and makes himself available to the new representative to answer questions on client accounts, some of whom are becoming Allstate clients. He also answers questions for Ed McManus at Silver Oak Securities about his old clients, some of whom may do business with David at Allstate; these activities require minimal time.
Employment History
Current Registrations
Allstate Financial Advisors, LLC
Allstate Financial Services, LLCBroker
Previous Registrations
Silver Oak Securities, INC.
Severin Investments LLC
LPL Financial LLCBroker
Cuttingedge Advisors
Concorde Investment Services, LLCBroker
Silver Oak Securities, IncorporatedBroker
LPL Financial Corporation
LPL Financial CorporationBroker
Edward D. Jones & CO., L.P.Broker
W. S. Griffith & CO., INC.Broker
Pruco Securities CorporationBroker
State Registrations7 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.