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CFP
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CFP

David Donat

LPL Financial LLC
28 Years of Experience
Spearfish, SD
Broker
View SEC Summary
View SEC Summary

David Donat is a CFP-designated registered investment advisor at LPL Financial LLC, based in Spearfish, SD, with 28 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

115 N 7th St Ste 1, Spearfish, SD, 57783-2725

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History

Regulatory History
Clean regulatory record

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.

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Other Business Activities

David operates his LPL business under the DBA Financial Advisors of the Black Hills, dedicating nearly all of his time to it. He also has interests in Cold Creek Enterprises Inc, David D Donat, LLC (real estate rental), and Legacy Village LLC/Sandstone Senior Living, spending minimal time on each.

Employment History
Current Registrations
LPL Financial LLC
November 2005 - Present · 20 yrs 11 mos
LPL Financial LLCBroker
November 2005 - Present · 20 yrs 11 mos
Previous Registrations
Wells Fargo Brokerage Services, L.L.C.Broker
December 2000 - December 2003 · 3 yrs
Wells Fargo Investments, LLCBroker
December 2000 - November 2005 · 4 yrs 11 mos
Wells Fargo Brokerage Services, L.L.C.Broker
October 1997 - December 2000 · 3 yrs 2 mos
State Registrations13 states
AZCACOFLIAIDMTNMOKSDTXWAWY
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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