DV
DV
David Vela is a registered investment advisor at Fmsa, based in Delray Beach, FL, with 23 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 1,291 clients with $220M in assets under management.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
20 advisors
Number of Clients
1,291 clients
Average Client Portfolio
$168K average
Assets Under Management
$216.4M
Fee Structure
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $100K | 2.50% |
| $100K - $250K | 1.98% |
| $250K - $750K | 1.50% |
| $750K - $1000K | 1.25% |
| $1M+ | 1.00% |
Fees are negotiable for accounts.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location
Delray Beach, FL
Get directionsHistory
Regulatory History (3)
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Employment Separation After Allegations
October 2011Investigation
January 2011Employment Separation After Allegations
April 1989Other Business ActivitiesSells Insurance
David is a partner in Vela & Filizola, a partnership managing rental property, spending minimal time on it. He also engages in independent insurance sales, dedicating a few hours per week.
Employment History
Current Registrations
Fmsa
January 2011 - Present · 15 yrs 4 mos
Previous Registrations
Fmsa
May 2011 - December 2011 · 7 mos
Oxford Asset Management, LLC
March 2004 - December 2012 · 8 yrs 9 mos
A. G. Edwards & Sons, INC.
October 2002 - December 2003 · 1 yr 2 mos
State Registrations1 state
TX
Advisor
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.