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David Lummus

Prospera Financial Services, INC.
29 Years of Experience
Incline Village, NV
1 DisclosureBroker
View SEC Summary
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David Lummus is a registered investment advisor at Prospera Financial Services, INC., based in Incline Village, NV, with 29 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 Estate Planning, Financial Planning & Coaching, Insurance Planning, Investment Management, and 2 more. Their firm serves 19,103 clients with $12B in assets under management.

Prospera Financial Services, INC.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
283 advisors
Number of Clients
19,103 clients
Average Client Portfolio
$651K average
Assets Under Management
$12.4B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.15%

Maximum annual fee across investment management programs is 2.15% of assets under management. Fees are negotiable based on account size, complexity, and services provided.

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

Location

120 Country Club, Unit 7, Incline Village, NV, 89451

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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
April 2001
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

David is a sole proprietor/owner of investment real estate in Reno, NV, since March 2020. He spends minimal time on administrative tasks related to this investment after business hours.

Employment History
Current Registrations
Prospera Financial Services, INC.
April 2021 - Present · 5 yrs 6 mos
Prospera Financial Services, INC.Broker
March 2021 - Present · 5 yrs 7 mos
Previous Registrations
Morgan StanleyBroker
June 2009 - February 2021 · 11 yrs 8 mos
Morgan Stanley
June 2009 - February 2021 · 11 yrs 8 mos
Citigroup Global Markets INC.
January 2001 - June 2009 · 8 yrs 5 mos
Citigroup Global Markets INC.Broker
January 2001 - June 2009 · 8 yrs 5 mos
U.S. Bancorp Piper Jaffray INC.Broker
October 1996 - January 2001 · 4 yrs 3 mos
State Registrations1 state
NV
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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