David Fernquist
David Fernquist is a CFP-designated registered investment advisor at LPL Financial LLC, based in Farmington Hills, MI, with 36 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
31731 Northwestern Hwy, Ste 151W, Farmington Hills, MI, 48334
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Regulatory History (1)
Customer Dispute
February 2003Other Business ActivitiesSells Insurance
David uses Buttonwood Financial Group, LLC for accounting purposes and as a DBA to conduct non-variable insurance business, primarily health insurance, dedicating minimal time to the former and about 10-20% of his time to the latter. He also purchased a practice from a resigning representative and uses North Coast Wealth Management, LLC as a DBA for LPL business.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Smith Barney INC.Broker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Lehman Brothers INC.Broker
State Registrations7 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.