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David Fernquist

LPL Financial LLC
36 Years of Experience
Farmington Hills, MI
1 DisclosureBrokerSells Insurance
View SEC Summary
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David Fernquist is a CFP-designated registered investment advisor at LPL Financial LLC, based in Farmington Hills, MI, with 36 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 Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

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

Location

31731 Northwestern Hwy, Ste 151W, Farmington Hills, MI, 48334

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History

Regulatory History (1)
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.
Customer Dispute
February 2003
Settled
View Full SEC ReportHow to Read Disclosures
Other 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
October 2010 - Present · 16 yrs
LPL Financial LLCBroker
January 1998 - Present · 28 yrs 9 mos
Previous Registrations
Smith Barney INC.Broker
September 1993 - February 1998 · 4 yrs 5 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
August 1992 - September 1993 · 1 yr 1 mo
Lehman Brothers INC.Broker
March 1990 - August 1992 · 2 yrs 5 mos
State Registrations8 states
CAFLILMINVNYTNVA
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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