David Bankston is a CFP-designated registered investment advisor at Rwc for Life, based in Naperville, IL, with 26 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 4 more. Their firm serves 98 clients with $30M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
RWC For Life charges an annual management fee based on a percentage of the assets they manage. The fee ranges from 0.10% to 2.00% and is negotiable. The fees are calculated and collected monthly, based on the average daily value of the assets in the account. When RWC For Life uses Altruist LLC’s Model Marketplace, their fees are included in RWC For Life's management fee and range between 0.00% to 1.00%.
Location
2020 Calamos Court, Suite 200, Naperville, IL, 60563
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
David is the President of Bankston Wealth Management, Inc. where he sells life insurance and annuities, and he is a licensed insurance agent. He also serves as the Managing Member of David A Bankston CPA, LLC (an accounting firm) and Bankston & Bankston, LLC (management services of accounting practice).
Employment History
Current Registrations
Rwc for Life
Previous Registrations
Simplicity Wealth
Fsc Securities Corporation
Fsc Securities CorporationBroker
Onpointe Advisory and Financial Services, LLC
Ausdal Financial Partners, INC.
Ausdal Financial Partners, INC.Broker
Financial Advisory Services of Tampa, INC.
Ausdal Financial Partners, INC.
Ausdal Financial Partners, INC.Broker
Qa3 Financial LLC
Qa3 Financial CORP.Broker
Freedom Financial, INC.Broker
Iac Securities, INC.Broker
Sunamerica Securities, INC.Broker
Fsc Securities CorporationBroker
First American National Securities, INC.Broker
State Registrations2 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.