David Sterner
David Sterner is a registered investment advisor at Merrill Lynch, Pierce, Fenner & Smith Incorporated, based in Oak Brook, IL, with 35 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 High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,838,984 clients with $1800B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Managed Account Advisors and Merrill Lynch charge an asset-based fee called the Account Fee, which consists of two parts:
- Investment Management and Trust Fee — Paid to Bank of America for its services, with rates set in your client agreement and subject to negotiation based on your portfolio value and account size.
- Style Manager Expense — Paid to the specific manager of your chosen strategy, generally ranging from 0.00% to 0.50% per year, and does not change based on portfolio size.
Total fees vary depending on the specific strategies and account size, and are deducted directly from your account on a regular basis.
Location
2021 Spring Rd, Oak Brook, IL, 60523
Get directionsHistory
Regulatory History (2)
Customer Dispute
April 2008Customer Dispute
January 2000Other Business Activities
David owns 80% of a vacation home held in an LLC, but devotes no time to it. He is also a committee member for the Max McGraw Wildlife Foundation and an advisory board member for the Church of the Atonement, spending minimal time per month on each.
Employment History
Current Registrations
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations38 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.
Exams
More Advisors
- Krzysztof ZoltekMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Kenneth PesaventoMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Sunil SuriMerrill Lynch, Pierce, Fenner & Smith Incorporated
- William ReillyMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Stephen DiltzMerrill Lynch, Pierce, Fenner & Smith Incorporated
- Humberto VazquezMerrill Lynch, Pierce, Fenner & Smith Incorporated