David Sebastian
David Sebastian is a registered investment advisor at Kestra Advisory Services, LLC, based in Summit, NJ, with 26 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, Retirement Planning. Their firm serves 97,702 clients with $60B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Kestra Advisory Services' (Kestra AS) fees for managing your investments are a percentage of the value of your portfolio, up to a maximum of 2.5% per year. The exact percentage is determined by your advisor based on factors like the size of your account, the type of account (e.g., retirement), the services you receive, and the platform you choose. These fees are negotiable.
Kestra AS offers different advisory platforms with varying program fees that are deducted from the client fee you negotiate with your advisor. These platforms include AdvisorEnterprise, Horizon, and AdvisorChoice. Each platform has different features, costs, and minimum account sizes.
There are also third-party managed solutions available through platforms like Focus Partners Advisor Solutions, Symmetry Partners, SEI and AssetMark.
Location
18 Bank Street, Suite 204, Summit, NJ, 07901
Get directionsHistory
Regulatory History (2)
Judgment / Lien
October 2019Customer Dispute
April 2009Other Business ActivitiesSells Insurance
David provides investment advisory services through Kestra Advisory Services, LLC. He is also the President/Owner of Sebastian Wealth Management Group LLC and The Physicians Wealth Management Group, where he engages in registered rep activities, insurance, and investment advisory services, dedicating nearly full-time hours to these activities.
Employment History
Current Registrations
Kestra Advisory Services, LLC
Kestra Investment Services, LLCBroker
Previous Registrations
Sebastian Wealth Management Group, LLC
NFP Advisor Services, LLC
Summit Financial Resources INC
Summit Equities INC
Summit Equities, INC.Broker
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.