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David Berman

Raymond James & Associates, INC.
42 Years of Experience
Calabasas, CA
2 DisclosuresBroker
View SEC Summary
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David Berman is a registered investment advisor at Raymond James & Associates, INC., based in Calabasas, CA, with 42 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 Education Planning, Estate Planning, Financial Planning & Coaching, Insurance Planning, and 3 more. Their firm serves 531,617 clients with $500B in assets under management.

Raymond James & Associates, INC.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
5819 advisors
Number of Clients
531,617 clients
Average Client Portfolio
$942K average
Assets Under Management
$501.0B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Fees are not to exceed an annual rate of 2.25% of the value of assets on which investment consulting services are provided. Specific fee schedules for wrap fee programs and managed accounts are detailed in the separate Wrap Fee Program Brochure.

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

Location

Calabasas, CA

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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
February 2011
Denied
Customer Dispute
December 1992
Settled
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David is the owner of Barrett Walker, Inc., a personal service corporation for tax purposes, and the CEO of L'COBRI. Inc., a pass-through company for tax purposes only. He spends minimal time on each business.

Employment History
Current Registrations
Raymond James & Associates, INC.
September 2014 - Present · 12 yrs 1 mo
Raymond James & Associates, INC.
September 2014 - Present · 12 yrs 1 mo
Raymond James & Associates, INC.Broker
September 2014 - Present · 12 yrs 1 mo
Previous Registrations
Oppenheimer & CO. INC.Broker
May 2013 - September 2014 · 1 yr 4 mos
Oppenheimer & CO. INC.
May 2013 - September 2014 · 1 yr 4 mos
Morgan StanleyBroker
June 2009 - April 2013 · 3 yrs 10 mos
Morgan Stanley
June 2009 - April 2013 · 3 yrs 10 mos
Morgan Stanley & CO. Incorporated
May 2009 - June 2009 · 1 mo
Morgan Stanley & CO. IncorporatedBroker
May 2009 - June 2009 · 1 mo
Raymond James Financial Services Advisors, INC
January 2009 - May 2009 · 4 mos
Raymond James Financial Services
August 2002 - January 2009 · 6 yrs 5 mos
Raymond James Financial Services, INC.Broker
May 2002 - May 2009 · 7 yrs
Round Hill Securities, INC.Broker
July 1996 - June 2002 · 5 yrs 11 mos
Dean Witter Reynolds INC.Broker
May 1994 - July 1996 · 2 yrs 2 mos
Oppenheimer & CO., INC.Broker
January 1989 - June 1994 · 5 yrs 5 mos
Prudential-Bache Securities INC.Broker
July 1987 - December 1988 · 1 yr 5 mos
Sutro & CO. IncorporatedBroker
September 1984 - July 1987 · 2 yrs 10 mos
Painewebber IncorporatedBroker
June 1984 - May 1985 · 11 mos
State Registrations24 states
AZCACOCTDCFLGAHIMAMDMINCNHNJNMNVNYOHPARITNTXVAVT
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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