David Gerken
David Gerken is a registered investment advisor at Prospect Financial Services LLC, based in Melville, NY, with 31 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, High Net Worth, Investment Management, Retirement Planning. Their firm serves 643 clients with $420M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Prospect Financial charges a percentage of your portfolio annually for wealth management services. The fee can be up to 2.50% per year, depending on the complexity of your situation, the amount of assets managed, and the overall relationship with Prospect Financial. The fee is calculated based on the market value of your portfolio at the end of the prior quarter and is paid in advance. Fees may be negotiable.
Location
445 Broad Hollow Road, Suite Cl-43, Melville, NY, 11747
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
David is a registered representative of LPL, an IAR with Prospect Financial Services LLC, and has insurance licenses. He also has partnership interests in several real estate rental LLCs and is associated with South Ocean Capital Corp. David spends nearly full-time hours on his Prospect Financial Services LLC activities.
Employment History
Current Registrations
Prospect Financial Services LLC
LPL Financial LLCBroker
Previous Registrations
The Pinnacle Financial Group
Lincoln Financial Advisors CorporationBroker
Hornor, Townsend & Kent, INC.Broker
Signator Investors, INC.Broker
John Hancock Mutual Life Insurance CompanyBroker
Eq Financial Consultants, INC.Broker
The Equitable Life Assurance Society of the United StatesBroker
State Registrations8 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.