David Milligan is a registered investment advisor at LPL Financial LLC, based in Naples, FL, with 37 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
Location
Naples, FL
Get directionsHistory
Regulatory History (2)
Regulatory
November 2025Customer Dispute
March 2002Other Business Activities
David uses DMM Enterprises, Inc. as a business entity for tax and investment purposes only since 2003. He also uses Balance Rock Investment Group as a DBA for his LPL business since 2011.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Wall Street Investor ServicesBroker
Liberty Securities CorporationBroker
Pamco Securities and Insurance ServicesBroker
Wheat, First Securities, INC.Broker
Johnston, Lemon & CO. IncorporatedBroker
State Registrations37 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.