David Schabacker
David Schabacker is a registered investment advisor at Spc, based in Ann Arbor, MI, with 32 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 30,881 clients with $5.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
SPC offers investment management through the SIGMA Managed Account program. Clients pay an annual account management fee based on a percentage of their account assets. The fee includes a program fee and the IAR's compensation. For example, if your account AUM is $1,500,000, the first $500,000 is billed at 2.50%, the next $250,000 at 1.75%, the next $250,000 at 1.50%, and the remaining $500,000 at 1.25%. The maximum annual advisory fee is 2.5%. The program fee is 0.15% on all assets. There is a $30 minimum annual program fee.
SPC also offers direct-at-fund programs where clients pay an annual asset-based investment management fee of 0.5%.
Location
300 Parkland Plaza, Ann Arbor, MI, 48103
Get directionsHistory
Regulatory History (5)
Customer Dispute
March 2005Customer Dispute
April 2004Customer Dispute
March 2004Customer Dispute
April 2002Customer Dispute
April 2001Other Business ActivitiesSells Insurance
David is an independently licensed insurance agent appointed with various insurance companies, offering Medicare Advantage Plans. He also works as an employee benefits enrollment agent, assisting school employees with benefits, dedicating about 10-20% of his time to this role.
Employment History
Current Registrations
Sigma Financial CorporationBroker
Spc
Previous Registrations
Cetera Investment Services LLCBroker
Cetera Investment Advisers LLC
LPL Financial LLC
LPL Financial LLCBroker
Sagepoint Financial, INC.Broker
Sigma Financial CorporationBroker
Comerica SecuritiesBroker
Comerica Securities
Banc One Securities Corporation
Banc One Securities CorporationBroker
Edward JonesBroker
Natcity Insurance Services, INC.Broker
Natcity Investments, INC.Broker
Linsco/private Ledger CORP.Broker
Olde Discount CorporationBroker
State Registrations3 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.