David Pung
David Pung is a registered investment advisor at Lions Wealth Management, based in Chisago City, MN, with 30 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Investment Management, and 1 more. Their firm serves 120 clients with $80M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.50% |
| $1.0M - $5.0M | 1.10% |
| $5M+ | 0.90% |
Some clients may be charged a fixed fee, but it will not exceed the percentage-based fee schedule. For clients utilizing a Sub-Advisor for asset management services, the total fee stated above will not include the Sub-Advisor’s fee.
Fee Estimator
Location
Chisago City, MN
Get directionsHistory
Regulatory History (1)
Customer Dispute
December 2004Other Business ActivitiesSells Insurance
David owns rental real estate property since 2018 and is co-owner of Pung Properties, LLC since 2024. He is also an insurance agent since 2021, selling various insurance products, dedicating about 10-20% of his time to this activity.
Employment History
Current Registrations
Lions Wealth Management
Previous Registrations
Summit Investment Advisory Services
LPL Financial LLC
LPL Financial LLCBroker
Royal Alliance Associates, INC.Broker
Royal Alliance Associates, INC.Broker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
Norwest Investment Services, INC.Broker
American Express Financial Advisors INC.Broker
Ids Life Insurance CompanyBroker
State Registrations1 state
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.