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David Rashid

LPL Financial LLC
29 Years of Experience
Streator, IL
1 DisclosureBrokerSells Insurance
View SEC Summary
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David Rashid is a registered investment advisor at LPL Financial LLC, based in Streator, IL, 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 Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

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

Location

302 East Main St, Streator, IL, 61364

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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
September 2018
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

David owns investment real estate since 2019. He is also an agent with Insurance Design Network, LLC selling non-variable insurance, dedicating minimal time to this activity.

Employment History
Current Registrations
LPL Financial LLCBroker
August 2019 - Present · 7 yrs 2 mos
LPL Financial LLC
August 2019 - Present · 7 yrs 2 mos
Previous Registrations
Wells Fargo Advisors Financial Network, LLCBroker
December 2017 - August 2019 · 1 yr 8 mos
Wells Fargo Advisors Financial Network, LLC
December 2017 - August 2019 · 1 yr 8 mos
Edward Jones
January 2012 - November 2017 · 5 yrs 10 mos
Edward JonesBroker
January 2012 - November 2017 · 5 yrs 10 mos
Morgan Stanley Smith Barney LLC
June 2009 - January 2012 · 2 yrs 7 mos
Morgan Stanley Smith BarneyBroker
June 2009 - January 2012 · 2 yrs 7 mos
Morgan Stanley & CO. IncorporatedBroker
April 2007 - June 2009 · 2 yrs 2 mos
Morgan Stanley & CO. Incorporated
April 2007 - June 2009 · 2 yrs 2 mos
Morgan Stanley
April 2005 - April 2007 · 2 yrs
Morgan Stanley Dw INC.Broker
April 2005 - April 2007 · 2 yrs
Invest Financial Corporation
July 2004 - April 2005 · 9 mos
Invest Financial CorporationBroker
July 2004 - April 2005 · 9 mos
Raymond James Financial Services
August 2002 - August 2004 · 2 yrs
Raymond James Financial Services, INC.Broker
July 2001 - August 2004 · 3 yrs 1 mo
AXA Advisors, LLCBroker
January 1997 - July 2001 · 4 yrs 6 mos
The Equitable Life Assurance Society of the United StatesBroker
January 1997 - January 2000 · 3 yrs
State Registrations11 states
CACOFLGAILMIOHPATXVAWI
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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