TrueAdvisor
TrueAdvisor
DL
DL

David Levine

Arete Wealth Advisors, LLC
27 Years of Experience
Chicago, IL
2 DisclosuresBroker
View SEC Summary
View SEC Summary

David Levine is a registered investment advisor at Arete Wealth Advisors, LLC, based in Chicago, IL, with 27 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, Investment Management, Retirement Planning. Their firm serves 5,426 clients with $2.7B in assets under management.

Arete Wealth Advisors, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
138 advisors
Number of Clients
5,426 clients
Average Client Portfolio
$506K average
Assets Under Management
$2.7B

Fee Structure

Minimum Investment:$50K
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $249K3.00%
$249K - $750K2.50%
$750K - $1.5M2.00%
$1.5M - $5.0M1.75%
$5M+1.50%

Fees are negotiable. A $50,000 initial minimum account balance is generally required, but may be waived.

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

Location

1115 W Fulton Market, 3rd Floor, Chicago, IL, 60607

Get directions

History

Regulatory History (2)
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.
Regulatory
May 2022
Final
Regulatory
April 2011
Final
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David is the owner of Levine Holdings LLC, a tax flow pass-through entity for personal financial and family matters, since June 2014. He is also a partner in Proper Ice Cream, a retail store selling ice cream, baked goods, and desserts.

Employment History
Current Registrations
Arete Wealth Advisors, LLC
January 2023 - Present · 3 yrs 4 mos
Arete Wealth Management, LLC
January 2023 - Present · 3 yrs 4 mos
Arete Wealth Management, LLCBroker
January 2023 - Present · 3 yrs 4 mos
Previous Registrations
B. Riley Wealth ManagementBroker
October 2021 - November 2022 · 1 yr 1 mo
B. Riley Wealth Advisors, INC.
January 2021 - November 2022 · 1 yr 10 mos
National Securities CorporationBroker
January 2015 - July 2022 · 7 yrs 6 mos
National Securities CorporationBroker
April 2010 - April 2014 · 4 yrs
Gunnallen Financial, INC
July 2008 - March 2010 · 1 yr 8 mos
Summit Capital Management Group, LLC
July 2008 - October 2010 · 2 yrs 3 mos
Gunnallen Financial, INC
May 2005 - July 2008 · 3 yrs 2 mos
Gunnallen Financial, INCBroker
May 2005 - March 2010 · 4 yrs 10 mos
Delta Equity Services CorporationBroker
October 2003 - May 2005 · 1 yr 7 mos
Noble International Investments, INC.Broker
May 2003 - October 2003 · 5 mos
Ryan Beck & CO.
March 2002 - May 2003 · 1 yr 2 mos
Ryan Beck & CO.Broker
March 2002 - May 2003 · 1 yr 2 mos
Fahnestock & CO. INC.Broker
January 2002 - April 2002 · 3 mos
Sands Brothers & CO., LTD.Broker
June 1999 - October 1999 · 4 mos
Nathan & Lewis Securities, INC.Broker
May 1997 - March 1999 · 1 yr 10 mos
Zweig Securities CORP.Broker
March 1995 - December 1996 · 1 yr 9 mos
Bt Brokerage CorporationBroker
January 1995 - February 1995 · 1 mo
State Registrations5 states
CAFLMENJPA
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.
More financial advisors in Chicago, IL →All financial advisors in Illinois →