David Wright
David Wright is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Chicago, IL, with 37 years of industry experience. David is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,838,984 clients with $1800B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Managed Account Advisors and Merrill Lynch charge an asset-based fee called the Account Fee, which consists of two parts:
- Investment Management and Trust Fee — Paid to Bank of America for its services, with rates set in your client agreement and subject to negotiation based on your portfolio value and account size.
- Style Manager Expense — Paid to the specific manager of your chosen strategy, generally ranging from 0.00% to 0.50% per year, and does not change based on portfolio size.
Total fees vary depending on the specific strategies and account size, and are deducted directly from your account on a regular basis.
Location
110 N Wacker Dr, Pbig - Chicago, Chicago, IL, 60606
Get directionsHistory
Regulatory History (1)
Customer Dispute
May 2002Other Business Activities
David is a general partner/managing member of Broadmeadow LLC, an entity formed in 2023 to purchase vacant land. He dedicates minimal time to this activity, as there are no ongoing responsibilities.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Previous Registrations
Morgan Stanley & CO., IncorporatedBroker
State Registrations38 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.
Exams
More Advisors
- Christopher RossiMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Joseph ShannonMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Kenneth Novak, CFPMerrill Lynch, Pierce, Fenner & Smith Incorporated
- James RadlerMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Henry LatimerMerrill Lynch, Pierce, Fenner & Smith Incorporated
- J WoodMerrill Lynch, Pierce, Fenner & Smith Incorporated