TrueAdvisor
TrueAdvisor
DR
DR

David Russell

LPL Financial LLC
41 Years of Experience
Williamsville, NY
2 DisclosuresBroker
View SEC Summary
View SEC Summary

David Russell is a registered investment advisor at LPL Financial LLC, based in Williamsville, NY, with 41 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

6790 Main Street, Suite 120, Williamsville, NY, 14221

Get directions

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
December 1996
Settled
Customer Dispute
June 1991
Settled
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David operates under two DBAs for his LPL business: Russell Private Wealth Management (since 2009) and Russell Wealth Management Inc (since 2019). He also owns rental real estate since 2016.

Employment History
Current Registrations
LPL Financial LLC
February 2020 - Present · 6 yrs 8 mos
LPL Financial LLCBroker
February 2020 - Present · 6 yrs 8 mos
Previous Registrations
Wells Fargo Advisors Financial Network, LLC
March 2009 - February 2020 · 10 yrs 11 mos
Wells Fargo Advisors Financial Network, LLCBroker
February 2009 - February 2020 · 11 yrs
Merrill Lynch, Pierce, Fenner & Smith Incorporated
November 2000 - February 2009 · 8 yrs 3 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
December 1996 - February 2009 · 12 yrs 2 mos
Smith Barney INC.Broker
July 1993 - November 1996 · 3 yrs 4 mos
Lehman Brothers INC.Broker
June 1993 - July 1993 · 1 mo
A. G. Edwards & Sons, INC.Broker
May 1986 - June 1993 · 7 yrs 1 mo
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
June 1985 - May 1986 · 11 mos
A. G. Edwards & Sons, INC.Broker
February 1985 - June 1993 · 8 yrs 4 mos
Vantage Securities of Colorado, INC.Broker
October 1984 - December 1984 · 2 mos
State Registrations18 states
CACOCTDCFLGAILMAMDMINJNYOHPARITXUTVA
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.
More Advisors
More financial advisors in Williamsville, NY →All financial advisors in New York →