David Shafranek
David Shafranek is a registered investment advisor at Prospera Financial Services, INC., based in Livingston, NJ, with 28 years of industry experience. Their practice areas include Estate Planning, Retirement Planning. Their firm serves 19,103 clients with $12B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Prospera Financial Services offers investment management through various programs. The fees are based on a percentage of your portfolio's value and are negotiable, but the maximum annual fee is 2.15%. The specific fee and services are agreed upon in an advisory agreement. Fees are typically deducted from your account. Some programs may have additional fees, such as transaction costs or sub-account fees. Prospera also participates in revenue sharing with custodians and other third parties, which creates a conflict of interest.
Location
Livingston, NJ
Get directionsHistory
Regulatory History (5)
Regulatory
April 2016Regulatory
November 2015Regulatory
December 2014Customer Dispute
June 2014Employment Separation After Allegations
March 2014Other Business Activities
David is the executor of an estate and provides investment services through Prospera Financial Services, dedicating full-time hours to this role. He also owns rental property and sublets an office, spending minimal time on these activities.
Employment History
Current Registrations
Prospera Financial Services, INC.
Prospera Financial Services, INC.Broker
Previous Registrations
Citigroup Global Markets INC.
Citigroup Global Markets INC.Broker
Citicorp Investment Services
Citicorp Investment ServicesBroker
Banc One Securities CorporationBroker
Citicorp Investment ServicesBroker
May, Davis Group INC.Broker
H.J. Meyers & CO., INC.Broker
First United Equities CorporationBroker
State Registrations10 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.