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David Rao

Raymond James Financial Services Advisors, INC
35 Years of Experience
Harrisonburg, VA
4 DisclosuresBroker
View SEC Summary
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David Rao is a registered investment advisor at Raymond James Financial Services Advisors, INC, based in Harrisonburg, VA, 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 Business Owners, Education Planning, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 508,439 clients with $390B in assets under management.

Raymond James Financial Services Advisors, INC
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
6724 advisors
Number of Clients
508,439 clients
Average Client Portfolio
$767K average
Assets Under Management
$390.0B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.25%

Maximum annual fee percentage is 2.25% of assets under advisement. Specific fees are negotiable with your financial advisor based on time, complexity, and portfolio size.

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

Location

420 Neff Avenue, Suite 215, Harrisonburg, VA, 22801

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History

Regulatory History (4)
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
August 2009
Closed-No Action
Customer Dispute
October 2001
Denied
Customer Dispute
April 2001
Closed-No Action
Criminal
December 2000
Final Disposition
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David is involved in numerous real estate ventures, including rental properties and a real estate brokerage. He also dedicates about half his time to a support company, Madison Financial LLC, where he is an owner/branch manager.

Employment History
Current Registrations
Raymond James Financial Services Advisors, INC
January 2009 - Present · 17 yrs 9 mos
Raymond James Financial Services, INC.Broker
September 2001 - Present · 25 yrs 1 mo
Previous Registrations
Raymond James Financial Services
October 2001 - January 2009 · 7 yrs 3 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
February 1997 - October 2001 · 4 yrs 8 mos
Edward D. Jones & CO., L.P.Broker
April 1991 - February 1997 · 5 yrs 10 mos
State Registrations13 states
CAFLGAMDMSNCNYOHPASCVAWIWV
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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