David Herbst
David Herbst is a CFP-designated registered investment advisor at LPL Financial LLC, based in Downers Grove, IL, with 39 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
Location
2651 Warrenville Road Ste 200, Downers Grove, IL, 60515
Get directionsHistory
Regulatory History (1)
Customer Dispute
December 2011Other Business ActivitiesSells Insurance
David refers clients to a long-term care specialist and splits commissions, with the earnings paid to Herbst Financial Services, spending minimal time on this. He also owns rental real estate, dedicating minimal time, and operates several DBAs for his LPL business, including one related to insurance services.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Wachovia Securities Financial Network, LLC
Wachovia Securities Financial Network, LLCBroker
Herbst Financial Advisors, INC.
Sunamerica Securities, INC.Broker
Sunamerica Securities, INC.Broker
Amev Investors, INC.Broker
Long Grove Trading CO.Broker
Sentra Securities CorporationBroker
Lincoln Financial Advisors CorporationBroker
State Registrations2 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.