David Simon
David Simon is a CFP-designated registered investment advisor at Arax Advisory Partners, based in New York, NY, with 26 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Business Owners, Charitable Giving, Corporate Executives, and 9 more. Their firm serves 15,662 clients with $27B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 3.00% |
Rates generally range from 0.50% to 3.00% per year for assets under management, varying based on account size and complexity. Fees are negotiable.
Fee Estimator
Location
10 East 53rd Street, 14th Floor, New York, NY, 10022
Get directionsHistory
Regulatory History (1)
Customer Dispute
June 2025Other Business ActivitiesSells Insurance
David sells insurance and fixed annuities, receiving commissions as compensation. He also owns 100% of Simondavis, Inc., a brokerage general agency, and is a managing director and owner of SRS Investment Services, LLC.
Employment History
Current Registrations
Arax Advisory Partners
Previous Registrations
Usallianz Securities, INC.
AXA Advisors, LLC
State Registrations2 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
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