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David Lesnick

LPL Financial LLC
32 Years of Experience
Glendale, AZ
1 DisclosureBrokerSells Insurance
View SEC Summary
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David Lesnick is a registered investment advisor at LPL Financial LLC, based in Glendale, AZ, with 32 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 Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

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

Location

7075 W Bell Road, Suite 8, Glendale, AZ, 85308

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History

Regulatory History (1)
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
December 2001
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

David owns Sound Advice Financial Planning, where he sells fixed annuities and life insurance products, dedicating about 10-20% of his time. He is also a member of BNI, the owner of Critical Financial Education, and the owner of Dimona.biz, spending minimal time on each of these activities.

Employment History
Current Registrations
LPL Financial LLCBroker
July 2025 - Present · 1 yr 3 mos
LPL Financial LLC
July 2025 - Present · 1 yr 3 mos
Previous Registrations
Cadaret Grant & CO INC
December 2023 - July 2025 · 1 yr 7 mos
Cadaret, Grant & CO., INC.Broker
December 2023 - July 2025 · 1 yr 7 mos
Woodbury Financial Services, INC.Broker
October 2017 - December 2023 · 6 yrs 2 mos
Woodbury Financial Services, INC.
October 2017 - December 2023 · 6 yrs 2 mos
National Planning Corporation ("npc of America" in Fl & Ny)
September 2011 - October 2017 · 6 yrs 1 mo
National Planning CorporationBroker
August 2011 - October 2017 · 6 yrs 2 mos
Investment Advisors
February 2006 - September 2011 · 5 yrs 7 mos
Proequities, INC.Broker
January 1999 - September 2011 · 12 yrs 8 mos
Aragon Financial Services, INC.Broker
July 1995 - December 1998 · 3 yrs 5 mos
Waddell & Reed, INC.Broker
July 1994 - July 1995 · 1 yr
State Registrations6 states
AZCACODEMATX
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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