DM
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David Margulies
39 Years of Experience
St. Petersburg, FL
1 DisclosureBroker
David Margulies is a registered investment advisor at Xml Financial Group, based in St. Petersburg, FL, with 39 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Insurance Planning, Retirement Planning, Tax Planning. Their firm serves 4,185 clients with $3B in assets under management.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
29 advisors
Number of Clients
4,185 clients
Average Client Portfolio
$715K average
Assets Under Management
$3.0B
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.25% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $4.0M | 0.90% |
| $4.0M - $5.0M | 0.80% |
| $5.0M - $6.0M | 0.70% |
| $6.0M - $7.0M | 0.60% |
| $7.0M - $8.0M | 0.50% |
| $8.0M - $9.0M | 0.40% |
| $9.0M - $10.0M | 0.30% |
| $10.0M - $11.0M | 0.20% |
| $11.0M - $12.0M | 0.20% |
| $12.0M - $13.0M | 0.20% |
| $13.0M - $14.0M | 0.20% |
| $14.0M - $15.0M | 0.20% |
| $15M+ | Included |
Fees above $15,000,000 are negotiable.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location
St. Petersburg, FL
Get directionsHistory
Regulatory History (1)
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Customer Dispute
April 1992Settled
Other Business Activities
David owns rental properties with his spouse, which are non-investment related. He spends minimal time on this activity.
Employment History
Current Registrations
Xml Financial Group
February 2019 - Present · 7 yrs 3 mos
Xml Securities
November 2017 - Present · 8 yrs 6 mos
Xml SecuritiesBroker
November 2017 - Present · 8 yrs 6 mos
Previous Registrations
Lara, May & Associates, LLC
November 2017 - February 2019 · 1 yr 3 mos
Morgan StanleyBroker
June 2009 - November 2017 · 8 yrs 5 mos
Morgan Stanley
June 2009 - November 2017 · 8 yrs 5 mos
Citigroup Global Markets INC.
September 2008 - June 2009 · 9 mos
Citigroup Global Markets INC.Broker
August 2008 - June 2009 · 10 mos
Morgan Stanley & CO. Incorporated
April 2007 - August 2008 · 1 yr 4 mos
Morgan Stanley & CO. IncorporatedBroker
April 2007 - August 2008 · 1 yr 4 mos
Morgan Stanley
October 1999 - April 2007 · 7 yrs 6 mos
Morgan Stanley Dw INC.Broker
September 1999 - April 2007 · 7 yrs 7 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
March 1987 - November 1999 · 12 yrs 8 mos
State Registrations20 states
CACODCDEFLGAILINMDMNNCNYORPASCTNTXVAWAWV
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.