David Brown
David Brown is a registered investment advisor at Prospera Financial Services, INC., based in Sarasota, FL, with 37 years of industry experience. Their practice areas include Estate Planning, Retirement Planning. Their firm serves 19,103 clients with $12B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Prospera Financial Services offers investment management through various programs. The fees are based on a percentage of your portfolio's value and are negotiable, but the maximum annual fee is 2.15%. The specific fee and services are agreed upon in an advisory agreement. Fees are typically deducted from your account. Some programs may have additional fees, such as transaction costs or sub-account fees. Prospera also participates in revenue sharing with custodians and other third parties, which creates a conflict of interest.
Location
Sarasota, FL
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Regulatory History (1)
Customer Dispute
March 2002Other Business Activities
David is a certified flight instructor, co-owner of WNY Aero, LLC, and a volunteer for the US Coast Guard Auxiliary, dedicating minimal time to each. He also has 100% ownership of Magellan Wealth Advisors, taking about three-quarters of his time.
Employment History
Current Registrations
Prospera Financial Services, INC.
Prospera Financial Services, INC.Broker
Previous Registrations
Wells Fargo Advisors Financial Network, LLCBroker
Advest, INC.Broker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
J. W. Gant & Associates, INC.Broker
State Registrations16 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.