David Damaska
David Damaska is a registered investment advisor at Charter Advisory Corporation, based in Cincinnati, OH, with 31 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 Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 593 clients with $330M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Charter Advisory Corporation offers investment management through several different programs sponsored by LPL Financial, each with its own fee structure and account minimums:
- Manager Access Select Program — Total account fees up to 2.95% annually (includes an advisory fee of up to 2.35% and a manager fee of up to 0.60%). Requires a $50,000 minimum investment.
- Optimum Market Portfolios Program — Total account fees up to 2.5% annually. Generally requires a $1,000 minimum investment.
- Personal Wealth Portfolios Program — Total account fees up to 2.95% annually (advisory fee up to 2.35% plus manager fee up to 0.60%). Requires a $250,000 minimum investment.
- Model Wealth Portfolios Program — Total account fees up to 2.95% annually (advisory fee up to 2.35% plus manager fee up to 0.60%). Minimums vary by portfolio, starting at $10,000.
- Guided Wealth Portfolios Program — Total account fees up to 1.35% annually (includes an LPL program fee of 0.35% and an advisor fee of up to 1.00%). Requires a $5,000 minimum investment.
All management fees are paid quarterly in advance, and fees are negotiable.
Location
Cincinnati, OH
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
David has multiple business activities including Damaska & Associates for tax preparation and fixed insurance, Damaska Wealth Management as a DBA for LPL business, and Damaska & Associates, Inc. for tax prep/accounting/bookkeeping. He also provides investment advisory services through Charter Advisory Corporation, spending about 20% of his time on this activity.
Employment History
Current Registrations
Charter Advisory Corporation
LPL Financial LLCBroker
Previous Registrations
LPL Financial Corporation
Mutual Service Corporation
Mutual Service CorporationBroker
Summit Brokerage Services, INC.Broker
Cigna Financial Advisors,inc.Broker
State Registrations8 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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