David Settelmyer
David Settelmyer is a CFP-designated registered investment advisor at Latitude Advisors, LLC, based in Schaumburg, IL, 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, Insurance Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 1,675 clients with $380M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Latitude Advisors charges a percentage of your portfolio value each year for investment management. The exact rate depends on the specific model used and the amount you invest.
For IA Managed Accounts, Navigator, and Third Party Research Model Managed Accounts:
- Up to 2.00% on the first $1,000,000
- Up to 1.50% on the next $4,000,000 (between $1,000,001 and $5,000,000)
- Up to 1.00% on amounts over $5,000,001
For Latitude Model Managed Accounts:
- Up to 1.5% on the first $1,000,000
- Up to 1.25% on the next $4,000,000 (between $1,000,001 and $5,000,000)
- Up to 1.00% on amounts over $5,000,001
These fees are billed quarterly, based on the value of your investments at the end of each quarter. Fees are negotiable.
Location
1821 Walden Office Square, #400, Schaumburg, IL, 60173
Get directionsHistory
Regulatory History (2)
Customer Dispute
June 2010Customer Dispute
September 2002Other Business ActivitiesSells Insurance
David is an insurance agent selling life, health, long-term care, and annuity insurance since 2001, dedicating about 10-20% of his time to this activity. He also works full-time as a financial professional at Latitude Advisors, LLC since 2009.
Employment History
Current Registrations
Gwn Securities INC.
Latitude Advisors, LLC
Gwn Securities INC.Broker
Previous Registrations
Medallion Advisory Services, LLC
Medallion Investment Services, INC.Broker
Next Financial Group, INC.Broker
Next Financial Group, INC.
Next Financial Group, INC.
Next Financial Group, INC.Broker
Mony Securities CorporationBroker
Pruco Securities CorporationBroker
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.