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David Ungaro

Sovereign Asset Management
36 Years of Experience
Amherst, NY
1 DisclosureSells Insurance
View SEC Summary
View SEC Summary

David Ungaro is a registered investment advisor at Sovereign Asset Management, based in Amherst, NY, with 36 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 3 more. Their firm serves 350 clients with $180M in assets under management.

Sovereign Asset Management
Compensation
Fee-Only (% of Portfolio)
Firm Size
2 advisors
Number of Clients
350 clients
Average Client Portfolio
$503K average
Assets Under Management
$176.0M

Fee Structure

Minimum Investment:None
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $249K2.50%
$249K - $499K2.25%
$499K - $749K2.00%
$749K - $1000K1.75%
$1000K - $1.5M1.50%
$1.5M+1.25%

Fees are negotiable based on client relationship history or anticipated future relationships. Investments may be aggregated to reduce fees.

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

Location

4043 Maple Road Suite 210A, Amherst, NY, 14226

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History

Regulatory History (1)
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Customer Dispute
February 2002
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

David is an officer of The Money Men Inc and Priority Financial Group, where he also sells fixed life insurance and fixed annuities. He is also an Investment Advisor Representative for Sovereign Asset Management, dedicating about half his time to this role.

Employment History
Current Registrations
Sovereign Asset Management
August 2017 - Present · 9 yrs 2 mos
Previous Registrations
LPL Financial LLCBroker
July 2025 - November 2025 · 4 mos
Next Financial Group, INC.
October 2014 - May 2025 · 10 yrs 7 mos
Next Financial Group, INC.Broker
May 2008 - July 2025 · 17 yrs 2 mos
Metlife Securities INC.Broker
May 1990 - May 2008 · 18 yrs
Metropolitan Life Insurance CompanyBroker
May 1990 - July 2007 · 17 yrs 2 mos
State Registrations2 states
NYTX
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.
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