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David Andalman

Da Wealth Advisors
34 Years of Experience
Highland Park, IL
2 Disclosures
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David Andalman is a registered investment advisor at Da Wealth Advisors, based in Highland Park, IL, with 34 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include High Net Worth, Investment Management. Their firm serves 14 clients with $8.7M in assets under management.

Da Wealth Advisors
Compensation
Fee-Only (% of Portfolio)
Firm Size
1 advisor
Number of Clients
14 clients
Average Client Portfolio
$618K average
Assets Under Management
$8.7M

Fee Structure

Minimum Investment:$50K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any1.50%

Fees are generally negotiable. Minimum account size is $50,000, which may be waived at the firm's discretion.

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

Location

Highland Park, IL

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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.
Employment Separation After Allegations
February 2024
Customer Dispute
March 2018
Award / Judgment
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David is the founder and president of DACS Research, where he conducts algorithm research and development on commodity futures. He dedicates about 10-20% of his time to this business outside of trading hours.

Employment History
Current Registrations
Da Wealth Advisors
August 2024 - Present · 2 yrs 2 mos
Previous Registrations
Millennial Advisers, LLC.
October 2021 - February 2024 · 2 yrs 4 mos
Allied Millennial Partners, LLCBroker
September 2020 - January 2023 · 2 yrs 4 mos
Pti Securities & Futures L. P.Broker
July 2012 - September 2020 · 8 yrs 2 mos
Best Direct Securities, LLCBroker
April 2010 - July 2012 · 2 yrs 3 mos
Robbins Securities, INC.Broker
August 2001 - July 2010 · 8 yrs 11 mos
Lasalle St Securities, L.L.C.Broker
April 2001 - August 2001 · 4 mos
Rosenthal Collins Securities, L.L.CBroker
February 1997 - April 2001 · 4 yrs 2 mos
Global Investment Services, INC.Broker
April 1995 - March 1997 · 1 yr 11 mos
Alaron Securities CorporationBroker
July 1993 - April 1995 · 1 yr 9 mos
Consolidated Financial Investments, INC.Broker
May 1991 - July 1996 · 5 yrs 2 mos
State Registrations1 state
IL
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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