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David Litras

Vanderbilt Advisory Services
27 Years of Experience
Melbourne, FL
2 DisclosuresBroker
View SEC Summary
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David Litras is a registered investment advisor at Vanderbilt Advisory Services, based in Melbourne, FL, with 27 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 Estate Planning, Financial Planning & Coaching, High Net Worth, Investment Management, and 2 more. Their firm serves 6,470 clients with $2.1B in assets under management.

Vanderbilt Advisory Services
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
166 advisors
Number of Clients
6,470 clients
Average Client Portfolio
$326K average
Assets Under Management
$2.1B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Minimum Annual Fee:$90
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $100K2.50%
$100K - $250K2.25%
$250K - $500K2.00%
$500K - $1.0M1.75%
$1.0M - $2.0M1.50%
$2.0M - $5.0M1.25%
$5.0M - $10.0M1.00%
$10M+0.75%

Firm also offers threshold billing, flat percentage, and flat annual fee structures. Fees are negotiable.

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

Location

535 Hiking Trl, Melbourne, FL, 32904

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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.
Financial
October 2019
Final
Employment Separation After Allegations
July 2018
View Full SEC ReportHow to Read Disclosures
Employment History
Current Registrations
Vanderbilt Advisory Services
July 2018 - Present · 8 yrs 3 mos
Vanderbilt Securities, LLCBroker
July 2018 - Present · 8 yrs 3 mos
Previous Registrations
LPL Financial LLC
June 2017 - July 2018 · 1 yr 1 mo
LPL Financial LLCBroker
December 2007 - July 2018 · 10 yrs 7 mos
Citigroup Global Markets INC.Broker
May 2007 - December 2007 · 7 mos
Citigroup Global Markets INC.
May 2007 - December 2007 · 7 mos
Citicorp Investment Services
November 2004 - May 2007 · 2 yrs 6 mos
Citicorp Investment ServicesBroker
August 2003 - May 2007 · 3 yrs 9 mos
J.P. Turner & Company, L.L.C.Broker
December 2000 - December 2002 · 2 yrs
Paulson Investment Company, INC.Broker
January 1999 - December 2000 · 1 yr 11 mos
Schneider Securities, INC.Broker
October 1998 - January 1999 · 3 mos
Biltmore Securities, INC.Broker
July 1998 - July 1998 · 0 mos
State Registrations8 states
CACTFLMAMENJNYVA
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.
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