David Hofer
David Hofer is a registered investment advisor at Banyan Global Investment Advisors, LLC, based in Boca Raton, FL, with 35 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, Retirement Planning. Their firm serves 142 clients with $150M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Banyan Global Investment Advisors charges an annual management fee based on the value of your portfolio, ranging from 0.30% to 1.20%. The exact fee is negotiable and can vary based on the investment products used in your account. You may also pay a separate fee to a third-party manager if BGIA engages one for your account. BGIA may receive compensation from the third-party manager, in which case BGIA will not charge an additional fee on top of the fee shared with BGIA by the third-party manager. There is also a Separately Managed Account Platform Fee based on household assets, subject to a $100 minimum per custodian account.
Location
6001 Broken Sound Parkway Nw, Suite 426, Boca Raton, FL, 33487
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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 chairman of the Steven C. Bardan Charitable Foundation and an agent selling fixed/traditional insurance products. He also is a principal of DRH Advisors Inc, a pass-through entity, but currently has no duties there.
Employment History
Current Registrations
Banyan Global Investment Advisors, LLC
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
Apollon Wealth Management, LLC
Fortune Financial Services, INC.Broker
Blue Chip Wealth Management, INC.
Platinum Wealth Partners, INC.
Mutual Securities, INC.Broker
Ameriprise Financial Services, INC.
Ameriprise Financial Services, INC.Broker
Janney Montgomery Scott LLC
Janney Montgomery Scott LLCBroker
Citigroup Global Markets INC.
Citigroup Global Markets INC.Broker
First Miami Securities, INC.Broker
State Registrations1 state
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.