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David Donaldson

Essex Financial Services, INC.
43 Years of Experience
Farmington, CT
2 DisclosuresSells Insurance
View SEC Summary
View SEC Summary

David Donaldson is a registered investment advisor at Essex Financial Services, INC., based in Farmington, CT, 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 Business Owners, Education Planning, Estate Planning, High Net Worth, and 3 more. Their firm serves 2,963 clients with $4.2B in assets under management.

Essex Financial Services, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
33 advisors
Number of Clients
2,963 clients
Average Client Portfolio
$1.4M average
Assets Under Management
$4.2B

Fee Structure

Minimum Investment:$250K
Planning is included in investment management
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any1.50%

Annual investment management fees range from 0.50% to 1.50% based on asset size, complexity, and overall relationship. Fees are negotiable at the firm's discretion.

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

Location

10 Waterside Dr, Suite 100, Farmington, CT, 06032

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History

Regulatory History (2)
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
July 2015
Settled
Customer Dispute
June 1991
Award / Judgment
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

David is an insurance agent for Essex Financial Services Inc, selling life insurance and fixed annuities, dedicating minimal time to this activity. He is also the President and authorized signer/control person on the Farmington River Watershed Association's investment accounts, spending a few hours per week on this non-investment related role.

Employment History
Current Registrations
Essex Financial Services, INC.
March 2010 - Present · 16 yrs 7 mos
Previous Registrations
Essex Financial Services, INC.Broker
March 2010 - July 2021 · 11 yrs 4 mos
TD Wealth Management Services INC.
November 2009 - February 2010 · 3 mos
TD Wealth Management Services INC.Broker
November 2009 - February 2010 · 3 mos
Bancnorth Investment Group, INC.Broker
January 2005 - November 2009 · 4 yrs 10 mos
Primevest Financial Services, INC.
March 2003 - November 2009 · 6 yrs 8 mos
Primevest Financial Services, INC.Broker
March 2003 - January 2005 · 1 yr 10 mos
National Planning CorporationBroker
May 2001 - March 2003 · 1 yr 10 mos
National Planning Corporation ("npc of America" in Fl & Ny)
May 2001 - March 2003 · 1 yr 10 mos
Webster Investment Services, INC.Broker
June 2000 - May 2001 · 11 mos
Mechanics Investment Services, INC.Broker
July 1997 - June 2000 · 2 yrs 11 mos
U.S. Clearing CORP.Broker
December 1994 - July 1997 · 2 yrs 7 mos
Banca Imi Securities CORP.Broker
April 1991 - December 1994 · 3 yrs 8 mos
Mabon, Nugent & CO.Broker
January 1991 - April 1991 · 3 mos
Lehman Brothers INC.Broker
December 1985 - February 1991 · 5 yrs 2 mos
E. F. Hutton & Company INCBroker
July 1983 - January 1986 · 2 yrs 6 mos
State Registrations1 state
CT
Advisor

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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